{"id":19137,"date":"2022-08-29T11:18:32","date_gmt":"2022-08-29T11:18:32","guid":{"rendered":"https:\/\/www.soil.edu.in\/?p=19137"},"modified":"2022-08-29T11:18:32","modified_gmt":"2022-08-29T11:18:32","slug":"why-i-chose-a-business-analytics-specialisation","status":"publish","type":"post","link":"https:\/\/soil.edu.in\/blog\/why-i-chose-a-business-analytics-specialisation\/","title":{"rendered":"Why I Chose A Business Analytics Specialisation"},"content":{"rendered":"<style>\n.inner-pic {\n    display: none;\n}\n.blog-pic {\n    width: 100%;\n    float: left;\n    text-align: center;\n}\n.blog-pic img {\n    width: 70% !important;\n}\n.new_blog_section p strong {\n    font-family: 'Franklin Gothic Book', arial;\nfont-weight: 900;\n}\n.new_blog_section ul li strong {\n    font-family: 'Franklin Gothic Book', arial;\nfont-weight: 900;\n}\n.new_blog_section p a {\n    color: #008037;\n}\n.text-new {\n    width: 100%;\n    float: left;\n}\n.new_blog_section .new_blog_right_sidebar ol li {\n    background-image: none !important;\n    list-style-type: decimal;\n    display: list-item !important;\n    padding: 0px 0px 15px 10px !important;\n}\n.new_blog_section .new_blog_right_sidebar ol {\n    padding: 0px 0px 0px 40px;\n    margin: 0px 0px 0px 0px;\n}\n.blog_wrapper_full .one_column {\n    padding: 0px 0px 0px 0px;\n    margin: 0px 0px 0px 0px;\n}\n.pic-new {\n    width: 100%;\n    text-align: center;\n}\n.pic-new img {\n    width: 100% !important;\n}\n.new_blog_section h6 a {\n    color: #008037;\n}\n.text-new1 {\n    width: 100%;\n    float: left;\n    font-size: 25px !important;\n    text-align: center;\n\tmargin: 20px 0px 20px 0px !important;\n}\n.new_blog_section .one_column.pb_2 li a {\n    color: #008037;\n}\n.content-new1 {\n    padding-bottom: 0px !important;\n}\n.blog-pic1 img {\n    width: 100% !important;\n}\n.one_column.pb_2.list-new li {\n  background-image: url(https:\/\/www.soil.edu.in\/blog\/wp-content\/uploads\/images\/tick-icon.png) !important;\n  list-style-type: none;\n  padding: 0px 0px 12px 20px !important;\n  margin: 0px 0px 0px 10px !important;\n}\n.text-new2 {\n  width: 100%;\n  float: left;\n  margin: 20px 0px 0px 0px !important;\n}\n.text-new4 {\n  width: 100%;\n  float: left;\n  text-align: center;\n}\n.quo p{ text-align: center; display: block !important;}\n.p-0{ padding-bottom: 0}\n<\/style>\n<p>One of the many good reasons to choose the PGPM program from SOIL is its diversified specialization in Business Analytics, which is presently found very few in Indian B-Schools. In the present time, it is one of the most remunerative and lucrative specialisations under MBA. Business Analytics is about accessing and exploring an entity\u2019s data with a clear vision to find out about the business performance and enhance decision-making, to create effective and efficient plans. Nowadays many companies in every industry are relying more and more on data science, so they require business administration professionals to understand business analytics. Therefore, MBA graduates in Analytics must be able to interpret and use big data to make better business decisions that improve performance.<\/p>\n<div class=\"blog-pic\">\n<p><img decoding=\"async\" src=\"https:\/\/www.soil.edu.in\/blog\/wp-content\/uploads\/2022\/08\/Why-I-Chose-A-Business-Analytics-Specialisation.jpg\" alt=\"Why I Chose A Business Analytics Specialisation\" title=\"Why I Chose A Business Analytics Specialisation\"><\/p>\n<\/div>\n<p>If we dive into more detail about the definition of Business Analytics, then BA is a set of disciplines and technologies for solving business problems using data analysis, statistical models, and other quantitative methods. It involves an iterative, methodical exploration of an organisation\u2019s data, with an emphasis on statistical analysis, to drive decision-making. Data-driven companies treat their data as a business asset and actively look for ways to turn it into a competitive advantage. Success with business analytics depends on data quality, skilled analysts who understand the technologies and the business, and a commitment to using data to gain insights that inform business decisions. <\/p>\n<p>There are several good reasons to do major in Business Analytics such as:<\/p>\n<ul class=\"one_column pb_2\">\n<li><strong>You Love Numbers:<\/strong> If you want to be a Business Analytic worker, you must enjoy working with numbers.<\/li>\n<li>\t<strong>You must not be scared of data:<\/strong> You need the ability to look through vast rafts of pure data and draw meaningful conclusions about the moves a business should make. <\/li>\n<li>\t<strong>You can identify patterns well:<\/strong> Business Analytics is all about using that data to identify the patterns and make the best use of them.<\/li>\n<li>\t<strong>You enjoy leadership roles:<\/strong> As a Business Analyst, many people will turn to you for insight and guidance. Therefore, it\u2019s a big responsibility telling the whole company what to do to increase the bottom line or develop new products or partner with others.<\/li>\n<li>\t<strong>You like technology:<\/strong> A business analytics professional does more than simply analyze business using written reports or instinct. They rely heavily on numbers, extracted from raw data by algorithms or programs, some of which they may get from others and some of which they may write themselves. <\/li>\n<li>\t<strong>You want to work with others:<\/strong> You can interact with people on daily basis, consulting on decisions, explaining what the data means, and making and modifying courses of action.<\/li>\n<\/ul>\n<p><strong>Different types of Business Analytics:<\/strong><\/p>\n<ul class=\"one_column pb_2\">\n<li>\t<strong>Descriptive analytics:<\/strong> which tracks key performance indicators (KPIs) to understand the present state of a business.<\/li>\n<li>\t<strong>Predictive analytics:<\/strong> which analyses trend data to assess the likelihood of future outcomes.<\/li>\n<li>\t<strong>Prescriptive analytics:<\/strong> which uses past performance to generate recommendations for handling similar situations in the future. <\/li>\n<\/ul>\n<p>Capabilities that one must have for working in the role of Business analytics are as follows:<\/p>\n<ul class=\"one_column pb_2\">\n<li>Ability to perform cost-benefit analysis <\/li>\n<li>\tFamiliarity with process modelling <\/li>\n<li>\tUnderstanding stakeholder analysis <\/li>\n<li>\tAnalytical problem solving <\/li>\n<li>\tOral and written communication skills <\/li>\n<li>\tA basic understanding of IT systems, including databases <\/li>\n<li>\tDetail oriented <\/li>\n<li>\tExperience with BA tools and softwares <\/li>\n<li>\tAbility to create visual representation of data\n<\/ul>\n<p>SOIL has a carefully designed curriculum delivered through globally renowned faculty \u2013 academicians and Industry practitioners. After you understand the basics of business &#038; management in Term 1, you\u2019ll start to specialise in Analytics. Designing your own academic schedule of analytics electives starting in the second Term gives you great flexibility. Being a Harvard publishing partner, SOIL uses the Harvard case study approach extensively in class along with a mix of pedagogy involving multiple technologies, tools and techniques in analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the many good reasons to choose the PGPM program from SOIL is its diversified specialization in Business Analytics, which is presently found very few in Indian B-Schools. In the present time, it is one of the most remunerative and lucrative specialisations under MBA. Business Analytics is about accessing and exploring an entity\u2019s data &hellip; <a href=\"https:\/\/soil.edu.in\/blog\/why-i-chose-a-business-analytics-specialisation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Why I Chose A Business Analytics Specialisation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":19138,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[94,86],"posts_by":[21],"audience":[],"industry":[],"faq":[],"class_list":["post-19137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-b-school","tag-big-data","posts_by-industry-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why I Chose A Business Analytics Specialisation - Blog - Get to know the details of SOIL&#039;s PGPM and PGDM courses<\/title>\n<meta name=\"description\" content=\"Discover the reasons behind choosing a business analytics specialization and the benefits it offers, with insights from a SOIL MBA student.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/soil.edu.in\/blog\/why-i-chose-a-business-analytics-specialisation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why I Chose A Business Analytics Specialisation - 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