Business analytics

1
RAMAKRISHNA N NITTE SCHOOL OF MANAGEMENT ,
BANGALORE .
2

• The worldwide business analytics software market i
  s expected to grow at a 9.7 percent compound
  annual growth rate (CAGR) through 2017, according
  to a new forecast from International Data
  Corporation (IDC).
• Business Analytics Market worth 66,719.8 Million
  by 2019

CAGR compound annual growth rate
3
(No Transcript)
4

• The average pay for an Entry-Level Business
  Analyst, is Rs 493,348 per year
• Source http//www.payscale.com/research/IN/JobBu
  siness_Analyst2c_IT/Salary
• A Senior business analyst with 3 to 5 years of
  experience would get anywhere ... Be commanding
  a salary in the range of
• Rs. 12 to 20 lacks per annum.
• http//analyticstraining.com/2011/salaries-in-ana
  lytics/
• http//www.naukrihub.com/salary-in-india/analyst.h
  tml
• http//analyticsindiamag.com/analytics-india-salar
  y-study-2015-by-aim-great-lakes-institute-of-manag
  ement/

5
Terms

• Business analytics
• Data analyst
• Business Intelligence Artificial Intelligence
  
• Big data
• Data Science
• Data Scientist
• Data mining
• Machine Learning

6

• Business analytics (BA) is the practice of
  iterative, methodical exploration of an
  organization's data with emphasis on statistical
  analysis. 
• Business analytics is used by companies committed
  to data-driven decision making.

7

• Data analytics (DA) is the science of examining
  raw data with the purpose of drawing conclusions
  about that information.
•  Data analytics is used in many industries to
  allow companies and organization to make better
  business decisions and in the sciences to verify
  or disprove existing models or theories

8
Difference between BA DA

• BA Tasks assigned to business analysts include
  assessing the requirements of the organization
  with respect to its operations and functions. The
  analysts then translate the requirements to
  physical and financial aspects, such as software
  and hardware specifications, and often help find
  the best financing options
• DA The main tasks of data analysts are to
  collect, manipulate and analyze data. They
  prepare reports, which may be in the form of
  visualizations such as graphs, charts and
  dashboards, detailing the significant results
  they deduced

9

• Business intelligence ( BI ) is an umbrella
  term that refers to a variety of software
  applications used to analyze an organization's
  raw data.
• BI as a discipline is made up of several related
  activities, including
• data mining
• online analytical processing
• querying and
• reporting.

10

• Big data Extremely large data sets that may be
  analysed computationally to reveal patterns,
  trends, and associations, especially relating to
  human behavior and interactions.
• big data, the voluminous amount of
  structured, unstructured and semi-structured data
  that a large enterprise produces. 

11

• Data science  is an interdisciplinary field
  about processes and systems to extract knowledge o
  r insights from data in various forms, either
  structured or unstructured or semi structured .

12

• Data scientist is a job title for an employee
  , who excels at analyzing data, particularly
  large amounts of data, to help a business gain a
  competitive edge. 
• A data scientist possesses a combination of
  analytic, machine learning, data mining and
  statistical skills as well as experience with
  algorithms and coding.

13

• Artificial Intelligence the theory and
  development of computer systems able to perform
  tasks normally requiring human intelligence, such
  as visual perception, speech recognition,
  decision-making, and translation between
  languages.

14

• Data mining is the process of
  analyzing data from different perspectives and
  summarizing it into useful information.
• The practice of examining large pre-existing
  databases in order to generate new information.

15

• Machine learning  provides computers with the
  ability to learn without being explicitly
  programmed. 
• Machine learning focuses on the development of
  computer programs that can teach themselves to
  grow and change when exposed to new data.

16
BENEFITS Business Analytics

• Analytics helps you measure how much of your
  mission statement is accomplished
• Analytics Encourages Smart Decision-Making
• Analytics Provides Clearer Insights Through Data
  Visualization
• Analytics Keep You Updated
• Analytics Offer Efficiency

17
Who is a Business Analyst?

• A Business Analyst is someone
• Who combines analytics knowledge with strong
  domain expertise.
• Focus on the business problem or an opportunity.
• At the same time, they have enough analytics
  knowledge to be able to drive most kinds of
  analyses on their own.

18
What are the skills required to be a Business
Analyst?

• Business Analysts dont need to be expert
  programmers. They dont need to know very
  advanced statistical modeling. However, they need
  to know a little bit of everything.
• Business analysts need to have a good
  understanding of the business and/or domain they
  are in.
• They need to understand basic statistics and have
  knowledge of simple analytics techniques
  including basic predictive modeling.

19

• They are expected to, of course, know Excel.
  Knowledge of more specialized analytics tools
  like SAS or R is an added bonus.
• Business analysts are hired not for how well they
  know a tool, but rather how well they can
  understand a business problem or opportunity and
  use data to come up with a decision.

20
BA Roles/Titles

•  Usability/UX Analyst
• Equity Analyst
• Credit Analyst
• Technical Analyst
• Risk Analyst
• Insurance Analyst
• Financial Analyst
• Credit Risk Analyst
• Statistical Analyst

• Business Analyst Business Process
  Analyst IT Business Analyst Requirements
  Engineer  Business Systems Analyst  Systems
  Analyst  Data Analyst
• Functional Architect

21
(No Transcript)
22

• To become Business analyst what you have to do
  ?
• What is the process ?
• Which softwares/tools required ?

23
(No Transcript)
24

• In Further presentations Above mentioned
  softwares/tools content will available .
• For any queries related Ppt please contact
• RAMAKRISHNA N
• Gmail Ramakrishna.pgdm_at_gmail.com
  
• Facebook Ramakrishna BE PGDM
• Linkedin Ramakrishna BE PGDM
• Quora.com Ramakrishna BE PGDM

Thank you
My initial attempt on Business analytics to give
awareness
25
(No Transcript)