Business Analytics

Edumilestones; Hyderabad; On-site; INR 450,000 - 550,000; Full time

Job summary

A leading education organization in Hyderabad is seeking a Business Data Analyst to harness data for business strategies and operational efficiency. Applicants should have a background in BBA or B.Tech, preferably pursuing an MBA in business analytics. Key skills include statistical analysis and proficiency in tools like R, SAS, SQL, and Excel. The role offers a competitive salary, and demands a strategic mindset to analyze industry trends.

Responsibilities

• Harness and use data to plan business strategies.
• Identify and analyze industry or geographic trends.
• Analyze technology trends to identify markets.
• Adapt statistical methods to solve business problems.
• Develop software applications for statistical modelling.
• Prepare data for processing and ensure accuracy.

Skills

Analytic problem solving

Understanding of statistical methods

Data Analysis

Problem Solving

R

SAS

SQL

Excel

Education

BBA or B.Tech with MBA in Business Analytics

SAS/R certification

Job description

Do you like working with data and numbers? Do you like businesses? Do you want to solve business problems by doing data analysis? If yes, you should explore the career path of business analytics.

Business Analytics is a combination of data analytics and business intelligence. It is a process that enables the business analyst to make data-driven decisions to improve business performance. Business analytics helps a company make better decisions by a clear understanding of reality.

Organizations use business data analytics to:

• Reduce costs
• Gauge the effectiveness of a marketing campaign
• Launch a new product or service, etc.

Example: Based on historical data of hotel bookings, the company wants to predict how many hotel bookings they can make in the next month.

“Companies that use analytics are five times more likely to make faster decisions.” (BetterBuys.com)

What are the roles and responsibilities for Business Data Analyst?

• Business analytics helps organizations harness and use data to plan business strategies, improve operational efficiency, identify new opportunities and generate higher profits.
• Identify and analyze industry or geographic trends with business strategy implications.
• Analyze technology trends to identify markets for future product development or to improve sales of existing products.
• Adapt statistical methods to solve business problems.
• Develop software applications or programming to use for statistical modelling and visual analysis.
• Develop and test experimental designs, sampling techniques, and analytical methods.
• Prepare data for processing by organizing information, checking for inaccuracies, and adjusting and weighting the raw data.
• Business analysts process large amounts of data for statistical modelling and visual analysis, using computers.
• Evaluate the statistical methods and procedures used to obtain data to ensure validity, applicability, efficiency, and accuracy.

What are the key skills required for Business Data Analytics?

• Analytic problem solving
• Understanding of statistical methods
• Data Analysis
• Problem Solving
• R
• SAS
• SQL
• Excel

What are the career opportunities in Business Data Analytics?

• Budget Analyst
• Business Analyst
• Data Analyst
• Data Scientist
• Management Analyst
• Marketing Research Executive
• Marketing analyst
• Operations Research Analyst
• Project Manager
• Sustainability Specialist

What is the salary and demand for Business Data Analyst?

• Demand is high for Business Data Analytics.
• Salary levels are high; for freshers the average salary is more than 5 Lacs.
• Course fees are medium; to pursue this course a student needs to spend 3 to 4 Lakhs.
• Preparation level for Business Data Analytics is medium; students typically spend 1 year preparing for entrance tests.

What education is required to become a Business Data Analyst?

• Student can complete 12th with Maths (preferred), then complete BBA. Further, pursue MBA in business analytics.
• Student can complete 12th with Maths (preferred), then complete B.Tech. Further, pursue MBA in business analytics.
• Student can complete 12th from any stream, then complete BBA. Further, pursue MBA in Marketing Research. Further, pursue SAS/R certification.

What are the best colleges for Business Data Analytics in India?

For Graduation:

• Nirma University - [NU], Ahmedabad
• Symbiosis International University - [SIU], Pune
• Guru Gobind Singh Indraprastha University - [GGSIPU], New Delhi
• Symbiosis Centre for Management Studies - [SCMS], Pune
• Shree Guru Gobind Singh Tricentenary University - [SGT], Gurgaon
• ICFAI Foundation for Higher Education - [IFHE], Hyderabad
• SP Jain School of Global Management - [SPJSGM], Mumbai
• Banasthali Vidyapith, Jaipur

For Post Graduation:

• Indian Institute of Management - [IIMB], Bangalore
• Indian Institute of Management - [IIMC], Kolkata
• Indian Institute of Management - [IIM], Lucknow
• University of Delhi, Faculty of Management Studies - [FMS], New Delhi
• Indian Institute of Management - [IIMK], Kozhikode
• Management Development Institute - [MDI], Gurgaon
• Indian Institute of Foreign Trade - [IIFT], New Delhi
• SP Jain Institute of Management and Research - [SPJIMR], Mumbai
• Institute of Management Technology - [IMT], Ghaziabad