Business Analytics refers to skills, practices and techniques used in converting data into knowledge that aid business decision making. This discipline consists of an understanding of:
The global Business Analytics is a USD 105 billion market, growing at a CAGR of 8%. India, with its surfeit of talent, has become the Analytics hub for organizations across the world. Large corporate like Walmart, Target, Citibank, ICICI Bank, Airtel, Vodafone are increasingly adopting analytics in their processes. Consulting giants like PwC, IBM, Accenture, Infosys have large teams offering Analytics solutions to their clients. All of this translates into a huge global and domestic demand for Business Analytics professionals.
According to market research firm International Data Corporation (IDC), the business analytics software market grew by 14.1 percent in 2011 and will continue to grow at a 9.8 percent annual rate, to reach $50.7 billion in 2016, driven by the focus on big data and so will be the need for Business Analytics professionals.
From a salary survey it is evident that Business Analytics is one of the highly paid Jobs available in market today. The median salary for these Jobs are as high as Rs. 5,59,746. By Hindustan Times, DNA, Economic Times, Chronicle.
The next big job boom is in analytics.
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l am a student of AIMS institute for MBA, batch 2015- 2017. Numbers of industry experts come to our college to deliver lectures on multiple domains, industries and the application of concepts that we learn here. Lecture by Tapan Samant , GM marketing, Mewah Group, Africa, threw light on logistics opportunities in Africa. These lectures give us an insight into industry and prepare us for the same.
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