Course description
Business analytics offers many advantages to organizations, from improved performance to a competitive edge. While business analytics is a relatively new field, it is rapidly becoming one of the most important strategies to help organizations stay competitive. It allows organizations to better understand the business environment and to make informed decisions more quickly and easily. Business analytics is a dynamic process that allows organizations to collect, manage, and use information across the entire business.
How does business analytics offer a competitive advantage to a company over its peers?
Business analytics allows the modeling of trends of an organization’s key performance indicators while projecting their future. As companies can better spot emerging trends and opportunities, it helps them stay ahead of their competitors. It provides a way for businesses to benchmark their performance against their competitors, so they can quickly identify ways to improve. It also allows organizations to better understand the business environment and to make informed decisions more quickly and easily. For example, an analytics model of past sales data may predict that sales will increase in the next quarter based on past trends.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
Rcademy’s training course is ideal for data-oriented individuals as well as enthusiasts such as:
- Data Managers
- Business Analysts
- Business architects
- Project manager
- IT professionals
- Graduates and Scholars
- Entrepreneurs
Outcome / Qualification etc.
Rcademy’s Business Analytics Certification Course is aimed at the following objectives:
- To learn ways to investigate available data and recognize patterns as well as establish relationships
- To identify business opportunities from available data and grab first mover advantage
- To get acquainted with the latest practical tools and techniques of Business Analytics
- To understand the various types of analytics, such as prescriptive and descriptive work, to identify correlations among different variables
- To learn to use forecasting methods to gain a better understanding of future trends
- To efficiently streamline operations of the business by proper use of Business Analytics
- To gain an understanding of ways to efficiently interpret and visualize data
- To generate problem-solving responses through the use of Business Analytics
- To enhance decision-making through timely and data-driven use of Business Analytics
Training Course Content
Module 1: Introduction to Business Analytics
- Role of Business Analytics in decision making
- Problem-solving with Business Analytics
- Types of Business Analytics
- Benefits of Business Analytics
- Business Analytics vs Business Intelligence vs Data Analytics
Module 2: Data for Business Analytics
- Categorization of data
- Primary vs secondary data collection
- Internal and external data sources
- Discrete and continuous data
- Measurement scales
- Data reliability
- Data validity
- Challenges in data collection
Module 3: Business Analytics Model
- Creating a business analytics model for successful implementation of business analytics
- Devising information strategy
- Linking Strategy and business analytics
- Setting up a competency center
Module 4: Descriptive Analytics
- Data Exploration
- Use of case studies, observations
- Numerical and graphical methods
- Quantitative analysis
- Qualitative analysis
- Univariate and bivariate analysis
- Role of descriptive analysis
- Diagnostics analysis
Module 5: Predictive Analytics
- Logic-driven model
- Data-driven model
- Data mining
- Industry use cases
- Machine learning
- Predictive analysis workflow
Module 6: Prescriptive Analytics
- Nonlinear optimization
- Application of Prescriptive Analytics
- Graph analysis
- Simulation
- Cohort analysis
- Scope of Prescriptive Analytics
- Natural language Processing
Module 7: Statistical Methods
- Regression Analysis
- Linear regression
- Smoothing averages
Module 8: Forecasting Analytics
- Estimating unknown situations
- Time series data
- Developing forecasting models
Module 9: Application of Business Analytics
- Marketing Analytics
- Financial analytics
- Manufacturing analytics
- Retail analytics
- Value chain analytics
Module 10: Data Visualization
- Methods of Data Visualisation
- Cognitive aid
- Avoiding unnecessary visualization
- Table vs Graph
- Types of tables and types of graphs
- Best practices for using color
Module 11: Big Data Management
- Characteristics and Classification of big data
- Ensuring data quality
- Big data Architecture
- Data Warehousing
- Data security
- Data query
Continuing Studies
Business analytics is a fast-growing and highly competitive field. It offers promising career opportunities, such as in marketing, finance, manufacturing, and healthcare, to name a few. Business analysts are highly skilled professionals that help companies make sense of their business data. Business analysts use software tools and techniques to help solve business problems and make decisions. Business analysts have a lot of job opportunities these. The need for business analysts has skyrocketed in recent years, and that’s only going to increase. This means you can find a career as a business analyst that will allow you to use your skills to help companies solve their problems.
Whether you’re hoping to work in a field that requires business analytics skills or want to improve your career prospects, pursuing Rcademy’s Business Analytics Certification Course will be the right step. In this Business analytics certification course, you’ll learn the fundamentals of business analytics, from data collection and preparation to data analysis and reporting. You’ll also learn how to present your findings in a way that’s easy to understand and how to work effectively with a team of data analysts. This course can provide the practical business skills you need to thrive in the workplace.
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...