Business analytics is the
combination of computer programming, business intelligence and data analytics.
It is the science of
analyzing data, in order to find out patterns that will help in developing various
business strategies. In today’s world, data
analytics is used by
almost all businesses and industries. The aim of business analytics is to filter
the useful data sets so that
they can prescribe how they can be used for
the better functioning of the company.
The most popular and well-known
tools of business analytics include open source programming languages which
provides statistical tools. R and Python are used extensively
for this purpose. Various data processing tasks have been automated by using these programming languages.
Eligibility
You must secure at least 50% marks
in aggregate or equivalent at a renowned university, to be eligible for a
post-graduate data analytics course. Besides post graduate data analytics
courses, data analytics courses are also available as training courses or
diploma courses.
Scope
of data analytics in India
All companies need to stay updated
with the huge amount of data produced every day during the business process,
and here the role of data analytics is very crucial. Thus, you can understand,
no company, be it Google or Deloitte, can survive in this competitive market
without data analytics.
The sphere of IoT or Internet of
Things is also likely to grow enormously in the future. This will result in a
collection of a huge amount of data by the IoT devices. To analyze unstructured
and structured data, data analytics will be required.
As per a study by Data Analytics
magazine, 78,000 job openings are available in India for data analysts
currently.
As examples, JPMorgan, Deloitte,
Microsoft, Adobe, Accenture, Flipkart, AIG, Wipro and Vodafone were the largest
recruiters of Data Analysts in the year 2020.
The salary of a data analyst is
proportional to his efficiency as well as his work experience. The average salary of a data
scientist is around 10,00,000 Rs per annum, while that of a data analyst with
over five years of experience is around 15,00,000 Rs per annum. A senior
data analyst with more than ten years of work experience can receive an attractive salary of around 20,00,000 Rs per
annum.
How
can you get recruited to a good company?
1. Over 50% of the recruiting companies
give more preference to B.tech graduates, preferably from the computer science
stream.
2. Interning before full-time work is
also given preference in the data analytics industry. Thus, having a few internships
in this field will give you a better advantage.
3. Professionals prefer candidates
with good skills in python and R programming. Having good knowledge of these languages
will make you eligible for a large number of positions.
Resource
Box
After becoming familiar with the
significance and power of business analytics, you might be aspiring to begin as
a data analyst. If so, then a course is very important for you, which would
provide you with the right study materials, and test your knowledge from time
to time.
Thinking which course to choose?
Where to get a good start? Excelr is now providing one of the best data analytics courses in Pune. So,
hurry up and get yourself enrolled.
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