Pooja Patel

What kind of field is analytics? what kind of subject it contains?

In my career report I got analytics so I want to know when an analytic person is used in business and would I b financially be independent if I choose analytics and to be an analytic person what should I select BBA or B.com

by Pooja Patel
1 answer
| Share :

1 answer

RE: What kind of field is analytics? what kind of subject it contains?

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD
Verified Career Expert
Founder & CEO: Discovering Careers India
  • pune

Hi,

Appreciate that you appeared for psychometric test and would like to follow it.

Business analytics (BA) refers to the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods.

Business analytics makes extensive use of statistical analysis, including explanatory and predictive modeling, and fact-based management to drive decision making. It is therefore closely related to management science.

 

Consequent to decades of information technology deployment, organizations today have more information at hand about their business environment than ever before. But in many cases the information is not being utilized to out-think the rivals. Thus organizations are missing out on a potent competitive tool. Business Analytics is all about sophisticated quantitative and statistical analysis and predictive modeling used towards building competitive strategies around data-driven insights that in turn generate impressive business results. Exemplars of analytics are using new tools to identify their most profitable customers and offer them the right price; accelerate product innovation; optimize supply chains; and identify the true drivers of financial performance. A wealth of examples--from organizations as diverse as HSBC, PepsiCo, Amazon, Barclay's, Capital One, Procter & Gamble, Wachovia, and the Boston Red Sox--illuminate how to leverage the power of analytics.

Subjects in a Business Analytics course are:

Business Analytics for Competitive Advantage
Business Data Mining and Business Intelligence
Economics
Marketing Analytics
Financial Analytics
Operations and Supply Chain Analytics
Mathematics for Business Analytics
Statistics for Business Analytics
Spreadsheet Modeling
Time Series Models in Business

Actually an under graduation will be fine, however I would suggest BCom, since it is more close to business practices.

Rgds,
Dr. Anand Wadadekar

In order to post replies to the question: "What kind of field is analytics? what kind of subject it contains?"

Post Reply

Latest ANSWERS

Students feel burdened taking the exam so seriously. How to be cool and face the exam playfully?

Hello Rohit,  Interesting question asked. Please note these are all mind games. The more you are able to control it, the more you are relaxed. It .. read more

Procedure to join Navy after completion of B.Tech being a girl?

Hello Myronmiranda, Thanks for writing to CareerGuide. Your question reflects that you are a B.Tech and interested to join the Indian Navy. Congrats f .. read more

Why you need to have alternative career option while preparing for Competitive Exams

Hi We come across about the references to the exams such as UPSC-CSE/IAS, UGC-NET/JRF, SSB, etc. These are all Competitive Exams and we are here to kn .. read more

Post Graduate Diploma in Accommodation Operations & Management from pusa institute of hotel management, new delhi

Hello Jay,   What exactly is your question? The website states that the eligibility is any graduate, with an English Background. It is a 1 year c .. read more
Most Popular

What are the books that every Mechanical Engineer must read?

Probably it would be difficult to prepare down a complete and comprehensive list of books to follow by every mechanical engineer,as the different spec .. read more

Do 12th board marks have any importance in jee mains

Hello,  Yes there is importance of class 12 marks in jee main 2017 bcoz the rank will be decided by the percentile formula in which there is a we .. read more

What to do after finishing Diploma in EEE.

Dear V Aravindan,  The EEE branches of engineering both at Diploma and Undergraduate (B.E./B.Tech.) level offers unlimited career opportunities i .. read more

I want to be a career guide. What should I study for become a career counselor

Hi Uttam, Thank you for writing and sharing your concerns. to become a career counselor first you need to identify your target audience who do you wan .. read more