RAMAKRISHNA N NITTE SCHOOL OF MANAGEMENT , BANGALORE .

• The worldwide business

analytics software market is 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

• The average pay for an Entry-Level Business Analyst, is Rs 493,348 per year

Source: http://www.payscale.com/research/IN/Job=Business_Analyst%2c_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-analytics/• http://www.naukrihub.com/salary-in-india/analyst.html• http://analyticsindiamag.com/analytics-india-salary-study-201

5-by-aim-great-lakes-institute-of-management/

Terms

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

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.

• 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

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

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.

• 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.

• Data science : is an interdisciplinary field about processes and systems to

extract knowledge or insights from data in various forms, either structured or unstructured or semi structured .

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.

• 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.

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.

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.

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

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.

What are the skills required to be a Business Analyst?

• Business Analysts don’t need to be expert programmers. They don’t 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.

• 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.

BA Roles/Titles

Business Analyst

Business Process Analyst

IT Business Analyst

Requirements Engineer

Business Systems Analyst

Systems Analyst

Data Analyst

Functional Architect

Usability/UX Analyst

Equity Analyst

Credit Analyst

Technical Analyst

Risk Analyst

Insurance Analyst

Financial Analyst

Credit Risk Analyst

Statistical Analyst

To become Business analyst what you

have to do ?

What is the process ?

Which softwares/tools required ?

Fundamentals of statistics and Probability

Excel

MY SQL

DBMS

R

Python

SAS

Big Data

Machine Learning

In Further presentations Above mentioned softwares/tools content will available .

• For any queries related Ppt please contact : RAMAKRISHNA NGmail : Ramakrishna.pgdm@gmail.comFacebook : Ramakrishna BE PGDMLinkedin : Ramakrishna BE PGDMQuora.com : Ramakrishna BE PGDM

Thank you My initial attempt on Business analytics to give awareness