Business Analytics may be a new word in your dictionary! But you might know about it if you are planning to do an MBA in Business Analytics, Right? First of all, let us know what is Business Analytics? – It is the practice, via which a business uses data analysis to drive the business strategy and its performance in the corporate sector. The power of business analytics is the exponential data growth related to the current dynamics of business. This digital technology-driven modulation is most disturbing and disruptive. However, it has already impacted different businesses and industries. Some businesses are at a hurdle, as they have to radically change the way they were planning their supply chains to get in collaboration with their suppliers and they have to plan how they can reach their customers if they have to stay in a present business environment. Today, business decision-makers are working with business analytics and investing their time, money, efforts to come out with timely, insightful, and better business decisions.

How and where to get a Business Analytics specialization?

For doing specialization in Business Analytics, one must require pre-requisite skills. You should be comfortable with statistics and mathematics. Beyond that, you must have a love for numbers, plus must possess good analytical learning, and must have a hard-working mindset. There are varied short-term courses available for Business Analytics. Few institutes provide MBA specialization in Business Analytics streams. A list that presently coming to our mind is IIMA, IIMB, NMIMS, KIIT, Great Lakes and Taxila, and more.

Business Analytics in MBA Curriculum

By taking business Analytics as a specialization, you will get hands-on experience and will get the latest updates on business analytics tools, real-life projects and case studies, and real-world projects and data. Business analytics is a professional course, which is taught by experienced professionals with field experience. The professors are great at delivering real-world insights and professional advice. The Business Analytics for an MBA/PGDM is of two years. For those aspirants who are looking forward to building a career in the business analytics field, this is the right time to build your career.

The subjects are as follows:

• Accounting Analytics
• Marketing Analytics
• Financial Analytics
• Business Statistics
• Principles of Management Science
• Applied Regression
• Data Mining
• Business Analytics Strategy
• Forecasting and Modelling

Look around and you will go to check out:

A simple question that you have in mind will get an answer from Alexa or Siri.

• WhatsApp, Gmail, and Yahoo have changed the way, how we communicate.
• Google is a great platform that has redefined our search and provides great knowledge.
• Google Maps is an innovative technology for showing the route to a destination.
• A health app is their suggest you good medicine and exercises based on your health conditions.
• Amazon and Flipkart are doing an amazing task by throwing shopping choices that you have never come through. Just with one click, and easy return you can shop. Both the platforms have changed the buying procedure.
• Your mobile has a hub of applications, that has made our life easy, at one click, you can edit your file, do bank transactions, do shopping, or listen to music.
• Anything that you must be searching on the internet, will surely trigger an advertisement on Facebook, Instagram, Google platforms.
• Today there is an ease at one click, you can book airline tickets, rail tickets, movie tickets, cabs, sports events, talk shows, and more, which was unfathomable before.

Do you know about the power behind the above? Data analytics and digital communication technology are powered by communication and computing devices ( laptops/computers). Now you must understand the past with business analytics and predict the future too.

How does business analytics predict the future?

Business analytics will let you predict endless predictions. You can predict more conviction on upcoming events. You can even predict the odds of the IPL team you love, like MI winning the IPL match once again. It is predicted on past events. Even, your mock tests and exercises will let you know in which subject you need more practice. Based on your current preparations, you can predict your CAT score. You can do predictions oncoming monsoon season and even would know that it will rain today or not. You will get to know about your heart rate and your present condition. Plus, you will get to know the weather forecast at a hill station which you are visiting tomorrow.

The Future Of Business Analytics

There is no doubt that Business Analytics is a powerful decision-making tool at present. Harvard University has predicted that the future with business analytics is better. Gartner’s research has predicted that Business Analytics is one of the important technology trends in the coming years. People who want to seek jobs in Business Analytics must have the ability to understand data, using tools, building models, deciphering results. Business Analytics in every domain demands some skills. Now at present, there is a demand for MBA/PGDM in business analytics.

Now, those candidates who want to do MBA in Business Analytics must understand the subject and its relevance in today’s business. Today Business Analytics is the need for today’s business. Future is of business analytics, the above words have showcased that we need more business analysts and data analysts.

Truly, we can say that Business Analytics specialization is a road to a great career ahead. And, it will enhance your profile and CVs

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1. Data Science and Machine Learning Essentials – Microsoft:

This course is a mix of theory and practical knowledge and introduces the aspirant to the core concepts, terminology, and other statistical techniques such as clustering, regression, and classification tools to build and evaluate models.

2. Introduction to data science – By Alison:

This is a completely free course that breaks down the core topics of data science and introduces machine learning in three modules. It also covers all programming languages, visualization tools, and techniques such as clustering and regression models.

3. Data science in practice – An online Bootcamp by Data science initiative:

This boot camp aims to cover the different aspects of data science with hands-on exercises and industrial use cases. Their major modules encompass practical machine learning, data analysis, large-scale machine learning, practical machine learning, and business perspectives of data science.

4. Learn Data science – Dataquest:

Dataquest renders a lot of free modules on essential topics such as visualizing data, working with data, data mining, constructing algorithms in Python and R. There are also monthly subscription options for certification.

5. Data Science Course by Harvard:

The class materials and the lectures for the data science by Harvard are made free and easily available online so that the students can study them at their own pace. The course is detailed and technical to master the data science course and concentrates on core fields such as programming, statistics, maths, etc.

6. Introduction to data science in Python – University of Michigan:

Python is the most commonly used programming language in data science and it is relatively simple to learn. It can also be combined with several free and open-source programs to create powerful data science operations. This course serves as a first step in introducing python function to manipulate and prepare big datasets, and also to extract insights from data. 

7. Data Science Specialization by JHU:

This is the most enrolled-in course series for data science and it includes the complete section of statistics, as this is mandatory to learn data science. The course is a mix of theory and applications in data science and is taught through the R programming language.

8. Introduction to Data science – Metis:

This is a highly rated course online and is taught online by data scientists from top organizations. This is a six-week-long data science course, that covers everything in the data science process. This is a live course and entities the participant with a certificate upon completion of the course. The instructor takes classes twice a week along with doubt clearing sections.

9. Statistics and data science micro masters – MIT:

This is a popular data science course from MIT that includes probability and statistics to understand data science intuitively. The course diverts much light on the statistical content and is pretty much advanced and be attempted through python programming and single and multivariate calculus.

Bottom Line:

Data science is a vast and rewarding course that opens up great career opportunities. People require a lot of skills, knowledge, and passion to become an effective data scientist, and these top 9 data sciences courses help in solving their quest for a great career path.

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With the quantum of data that is been generated and the need for future predictions, companies from all domains such as retail, finance, IT, marketing, and banking are constantly are on the lookout for data scientists.The components of the data science curriculum are,

• Machine Learning: Incorporates mathematical models, algorithmsto predict future business outcomes.
• Big Data: Use big data tools to convert the unstructured data into a structured form
• Business Intelligence: Analyze business data carefully and present them through visual reports such as graphs.

Career opportunities in data science:

Data Science is one of the promising careers of the future and it is estimated that the demand for data scientists will be around 28% at the end of the year 2020. The course in data science enables students to master their skills in data mining, data clustering, statistics, linear and logistic regression, data visualization, etc.

The data scientist is one of the top-ranking professions with a guaranteed payout of Rs. 6-15 LPA. The top industries that hire data science professionals are the banking and financial sectors, creating 40% of the jobs, and the energy and utilities sector, creating upto 25% of the jobs. After completion of the course, graduates can take up job roles as,

• Business analytics professional
• Business Intelligence professional
• Data scientist
• Big Data Analysts
• HR analytics professionals
• Marketing analytics professionals

Top Private colleges to learn data science in India

1. Vellore institute of technology, Tamil Nadu

Established in 1984, it is one of the premier institutes, to offer a PG diploma in Data Science course. The college also offers campus selection for students.

2. Chandigarh University, Chandigarh

Approved by UGC and AICTE this university was established in 2012. Its PG diploma course in data science is popular among graduates.

3. Centre for development of advanced computing, Pune

Offers PG diploma course in data science and admits students based on their scores in GMAT and other competitive examinations. The institute also offers the best placement services for the students.

4. Loyola College, Chennai

One of the top arts and humanities colleges in India, Loyola offers PG in data science at only RS. 48K per year. More than 100 companies visit the college every year for placements.

5. Presidency University, Bangalore

This premier institute in Bangalore offers a B.Tech course in Data Analytics and admits students based on their JEE scores.

6. University of Engineering and Management, Jaipur

This university in Jaipur is approved by the AICTE and offers a B.Tech course in Data Sciences as a bachelor’s degree.

7. Hyderabad Institute of Technology and Management

This private college is accredited by the NAAC and is approved by AICTE to offer B.Tech in Data Science and artificial intelligence. Students are admitted based on their EAMCET scores.

8. ASM’s Institute of Business management and research

This is the first institute in Maharashtra with AICTE approval to incorporate relevant techniques and qualifications in its globally accepted certification course in data science.

9. Advanced Computing training school, Noida

This center for advanced computing offers a postgraduate diploma in big data analytics. This is the best center to learn data science for graduates and entrepreneurs.

10. Goa institute of Management

This private college offers PGDM in big data analytics and admits students based on their GMAT, CAT, XAT scores.

Final words:

The data science course in all these colleges helps students to generate useful business insights and predictions, as they are designed with a cutting edge curriculum and tech-enabled education modules.

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Data Analytics and science are the strong pillars of Information Technology in the current era. The proper analytics of data demand proper management and thus companies look for trained and experienced experts with MBA in Data Analytics. The top 10 colleges that offer this course in India are,

Top 10 colleges that offer MBA in data analytics:

1. Indian Institute of Management, Bangalore:

IIM Bangalore is the best college accredited by the European Quality Improvement System and offers a post-graduate program in enterprise management, post-graduate program in management, and other allied courses. The average domestic placement salary is INR 22.76 LPA and the overseas salary is INR 58.20 LPA.

2. IIM Calcutta:

IIM Calcutta offers two years’ full-time MBA degree in Data Analytics. It offers an ambient campus for the students that facilitates learning. IIMC offers 100% placements with the highest placement salary of INR 80 LPA and an average package of INR 30.9 L.

3. ISB Hyderabad:

ISB offers an advanced management program in business analytics for its aspirants and is ranked the 6^th best business school in Asia. The college is spread over a vast land of about 260 acres. The best organizations visit ISB for placements. The highest placement salary at ISB is INR 70 LPA, and the average is INR 23 LPA.

4. Lal Bahadur Shastri Institute of Management, New Delhi:

Ranks 17^th for the best private MBA colleges by Times 2020. The college offers a total of six postgraduate diploma courses in Management. It has the best infrastructure that aids learning and renders exceptional placement services to its students with the highest salary of INR 12 LPA.

5. School of Management Studies, Hyderabad:

MBA business analytics is offered as a two years’ full-time course in Hyderabad. The college offers the best placement services and offers an average package of INR 3.97 Lacs. The college offers the best hostel facilities, academic zone, and medical aid for its students.

6. Welingkar Institute of Management, Bangalore:

This institute offers PGDM in research and business analytics as a two-year full-time course. The campus has the best infrastructure to nurture innovation and analytical thinking of students. It also offers placements in 358 companies that visit the college with the highest international pay package of 32.5 Lakhs and a domestic package of 15 lacs.

7. Symbiosis Centre for Information Technology, Pune:

This Institute offers MBA in Data science and analytics as a two years’ full-time course. Being a premier institute in Pune, it renders the most conducive environment for learning. The campus is spread over 5 acres of land and offers placement assistance for its students. The highest placement salary is INR 21.6L and average package is INR 10.4L

8. IIT Kharagpur:

In collaboration with IIM Calcutta, this institute offers a postgraduate diploma in business analytics for aspirants. Its infrastructure is well planned and it has the best faculty that fosters education.  It offers placements for its students in 250 top companies with the highest placement salary of INR 30 LPA.

9. Great Lakes Institute of Management, Chennai:

This college offers a postgraduate program in business analytics and business intelligence as a one-year executive course. The college enjoys excellent infrastructure and is awarded a platinum rating for a green campus. It offers 100% placements in top institutions with the maximum CTC of INR 34.5LPA and an average of INR 11.1 LPA

MBA in Data analytics is a two years course with tremendous scope and placement opportunities in top organizations of the country and abroad, especially when studied in these top 10 institutions.

10. EMPI, New Delhi:

The Entrepreneurship and management process International business school renders AI-infused PGDM programs in data analytics, in collaboration with IBM. It offers 11 courses in two streams with the best placement statistics. The highest placement salary is INR 12.8 LPA, whereas the average is INR 6.5 LPA.

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