A career in Business Analytics - Scope & Opportunities
The management and the stakeholders are a group of people who make the decisions related to the company's performance and decide its future direction. The execution of these targets and goals lies on the employees or the teams. This interpretation of data is executed by a Business Analyst. Business analytics (BA) is building analysis models and simulations to create situations, understand the actualities and predict future trends. Business analytics includes data mining, predictive analytics, applied analytics, and statistics. Collecting and processing historical data Analysing the data to identify patterns, trends or predict future outcomes Represent the data in a visually appealing format that makes it easy to derive insights and take decisions. The techniques can be divided into 4 categories - Descriptive analytics - It involves decoding past data to identify trends or patterns. Predictive analytics - It uses data to predict future outcomes Diagnostic analytic...