Business analytics experts are in high demand due to the growth of Big Data. There is a flood of abstract knowledge that began more than 20 years ago as a result of the internet and has recently accelerated at a far quicker rate. It is no longer possible to use conventional database administration and analysis techniques when dealing with unstructured data such as social media posts and product reviews.
Careers in data analysis, such as business analytics, business intelligence, and data science positions, address the new techniques for organising, obtaining insights from, and generating predictions with this continually expanding amount of information. These jobs usually need expertise in computer science and other technological fields.
Why is Business Analytics important? Industry demand and supply
Many different applications have used business analytics. Businesses employ descriptive analytics extensively to comprehend their position in the market under the present conditions. Predictive and prescriptive analytics are utilised in the meantime to identify more trustworthy metrics for organisations to support their progress in a cutthroat industry.
Businesses benefit from business analytics’ actionable insights. But these are the principal advantages of business analytics-
- Boost operational effectiveness with regular actions.
- Assist companies in better understanding their clients.
- Business makes predictions via data visualisation.
- These insights support decision-making and long-term planning.
- Performance is measured and growth is fuelled by business analytics.
How a business analytics degree will help you land a job.
Business analysts spend most of their time in offices, although they occasionally travel to meet with customers and stakeholders. Depending on your job status, your working hours may vary, but if you are a permanent employee, you can anticipate working full time, Monday through Friday.
Here are some related jobs-
- Market research analyst
- Process analyst
- Data scientist
- Management analyst
- Systems analyst
- Project manager
- Chartered accountant
- Business advisor
- Supply chain management
- Market research analyst
The demand for Business Analytics majors-
Market research analyst demand is expected to increase by 18% between 2019 and 2029, according to the BLS, which is substantially greater than the growth rate for all occupations combined (4 per cent). Additionally, it predicts a 25% increase in employment for operations research analysts.
A growing appreciation of the function business analysts may play is another factor driving the need for business analysts. Businesses are becoming more conscious of the value analysts can provide in:
- Simplifying the conversion of processes to digital.
- Applying sophisticated data principles to various business functional areas.
- Making any required changes easier as part of change management.
MBA in Business Analytics at DBUU
As DBGI becomes Dev Bhoomi Uttarakhand University, it carries a prestigious tradition of over two decades with it. The DBUU MBA in Business Analytics will open doors to a range of employment possibilities. Dev Bhoomi Uttarakhand University has a more robust worldwide platform for itself, which will increase its global reach. In reality, it will be in a better position to build closer links and collaborate with reputable national and international colleges. The entire state will benefit from initiatives for student and faculty interaction that improve the educational experience.
The MBA in Business Analytics is the ideal programme for students interested in a career in data analysis. As a result of the digital era, data-driven decision-making has emerged as a crucial component of the effective functioning of any company and, more widely, of society at large.
The top MBA programme in business analytics is offered by Dev Bhoomi Uttarakhand University (DBUU) in Dehradun. This programme equips students with the technical and managerial knowledge necessary to handle upcoming problems in a multinational environment that is driven by data and technology.
You must possess a bachelor’s degree in any discipline with a minimum of 50% to be eligible to apply for the MBA in Business Analytics at DBUU.
Admissions are open for the MBA in Business Analytics program at DBUU. To apply or for more information, click here.
1. What is the minimum percentage required to apply for MBA in Business Analytics at DBUU?
Ans- Minimum of 50% marks
2. How many years of the program is PGDM in DBUU?
Ans- It is a 2-year programme.
3. What are the career opportunities of an MBA in Business Analytics at DBUU?
Ans- Data Manager, Data Science Expert. Business Analyst, Data Analyst, Data Scientist.
The need for business analytics professionals is increasing worldwide. Having a business analytics degree at your disposal is a great skill to have.