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Top 5 Business Analytics Courses In Australia with Live Training

Australia’s expertise in Business Analytics is well-known around the world. There are excellent work opportunities available in a variety of business industries. One of the fastest-growing job fields is Business Analytics. Business Analytics is all about analyzing your organization’s past performance and using that information to prepare for the best future. Every organization in the modern business environment wants to increase the effectiveness of its decision making and business analytics provides them with that advantage. To get started on the road to a business analytics career, we have covered the Top 5 Business Analytics Courses in Australia and everything you need to know about Business Analytics.

Top 5 Business Analytics Courses in Australia

What is Business Analytics?

It is the process by which businesses use statistical methods and technologies for analyzing historical data to gain new insights and improve strategic decision-making.

In other words, it is the collection of technologies, tools, and processes used to analyze the data performance of an organization to learn more and make future data-driven choices.

The statistical examination of data gathered by the company to make decisions based on facts rather than educated guesses.

A combination of business intelligence, computer programming, and data analytics, it is the study of looking for patterns in data that can be used to create strategies.

Types of Business Analytics

Descriptive Analytics:

  • It gives a clear picture of what has happened in the past and what the current scenario is.
  • It takes a critical look at your current state of business.
  • Helps to know the business’s strengths and weaknesses.
  • Based on these insights, organizations can develop strategies to improve the business.
  • There is the use of data mining and data aggregation methods.

Diagnostic Analytics:

  • It gives a more critical look into the past and present of business and helps to understand why the issues have occurred and all the reasons behind them.
  • It tells why such a thing has happened and based on the findings, an organization can strategize to improve your business.

Predictive Analytics:

  • It uses forecasting techniques and statistical models and looks at what is going to happen.
  • It helps us in predicting the future course of events and taking necessary measures for the same.
  • It needs a data scientist and machine learning experts to correctly execute the predictive analysis.
  • It also gives you detailed reports.

Prescriptive Analytics:

  • It uses optimization and simulation algorithms to find what should be done.
  • It helps to make models that will help to make accurate predictions and make real-time changes that will give the best possible results.
  • It also provides recommended actions based on the expected results from the business.
  • It kind of works as a recommended engine.

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Application of Business Analytics

To start a business

Grow your business: Decisions taken through analytics have the best chance to succeed.

Analyze Data: The best way to process this data is to get what information you need.

Create business strategies: Help businesses to make business strategies through prescriptive analysis.

Stay updated to business trends: Business analytics tools help you stay updated on the latest trends and implement them into your business,

Help to analyze mistakes and eliminate guesswork.

It can affect how well the entire organization functions, which can lead to-

  • Improves profitability of the business
  • Increase market share and revenue 
  • Make a budget and business forecast
  • Updating stakeholders on business objective progress
  • Provide better returns to a shareholder
  • Reduce overall cost
  • Sustain in competition
  • Monitor KPIs (Key Performance Indicators)

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Challenges for Business Analytics 

  • A considerable amount of high-quality data is necessary for business analytics.
  • The difficulty in ensuring data quality.
  • Data warehousing requires a lot more storage space than it did spend.
  • Business analytics is evolving into a tool that has the potential to impact the result of customer interaction.
  • Data and Business Analytics operations must be handled by technology infrastructure and tools.

More Professional Courses from IIM SKILLS

Components of Business Analytics

There are six major components in any analytics solution:

Data Mining:

  • Crete models by seeing patterns and trends in large volume of data that were previously undetected.
  • Detect insurance claim scams for instance or analyze the retail market baskets.
  • The process of data mining can be accomplished using a variety of statistical approaches.

Classification

Regression

Clustering

Association and sequencing model

Text Mining:

  • Identify and extract significant links and patterns from collections of texts.
  • E.g. understanding the sentiments of a customer on social media sites like Twitter, FaceBook. Blogs. Call Centre Script and other tools are used to access how competitors are doing, as well as to enhance the product and customer service.

Forecasting:

  • Analyze & forecast processes that take place over a while.

Predictive Analytics:

  • Create, manage, and deploy predictive scoring modes.
  • E.g.

Customer churn & retention

Credit scoring

Predicting failure in shop floor machinery

Optimization:

  • Use simulation techniques to identify scenarios that will produce the best results.
  • E.g.

Sale price optimization

Identify optimal inventory for maximum fulfillment and avoid stock-outs.

Visualization:

  • Exploratory data analysis is improved, and highly interactive statistical visuals are used to produce modeling findings.

What Are the Different Skills Required to Do Business Analytics Courses in Australia?

  • Analytical Problem-solving skills
  • Decision-making skills
  • Critical thinking and ability to access the situation
  • Interpersonal skills
  • Attention to detail
  • An understanding of stakeholder analysis
  • Familiarity with business analytics tools and software
  • The capacity to visualize data
  • Fundamental knowledge of IT systems, including databases

Career and Scope of Business Analytics in Australia

Being a business analyst can be challenging and demanding but your efforts will be rewarded by having a significant impact on the success of the company. 

Business Analysts have a lot of professional options. This field of study is particularly interdisciplinary and relatively new, with analysis covering a wide range of topics including sales, logistics, and many others in addition to the financial sector. 

The assistance of a capable analyst gives the business the chance to advance projects accurately and quickly, save money and implement a transparent communication style that makes work more effective and simple. 

Therefore, in the upcoming years, after doing Business Analytics Courses in Australia finding work shouldn’t be too challenging.

Banks, consulting firms, analysis offices, major manufacturers, and real estate firms are all offering the position. An analyst can work on projects for a variety of organizations, businesses, enterprises, and even governmental authorities.

Job Profiles in Business Analytics in Australia

Students with a degree or certification of Business Analytics Courses in Australia can either get placement opportunities through their respective universities or you can look for job portals.

Here we have listed some of the job profiles, you can go for after completion of Business Analytics Courses in Australia.

Job ProfilesJob DescriptionsAverage Annual Salaries (AUD)
Management AnalystThey analyze the organization’s assets and liability, conduct research, and offers a suggestion to boost output and provide solutions to assist an organization in achieving its objectives.92,416
Business Intelligence AnalystThey work with executives and other businesses to determine what data is needed to answer their questions, they gather that data, run BI queries, and create data visualization, reports, and dashboards to help their business colleagues derive insights from the data sets under analysis.90,000
Marketing Program ManagersThey plan and implement marketing programs for their company or its client. They are in charge of managing all parts of a program, from developing the overall strategy to approving all materials and deliveries before they are used in communication and media camping.100,000
Operation Research AnalystThey use mathematics and quantitative reasoning to give answers in business domains including inventory, logistics, planning, scheduling, and forecasting. They use modeling, mathematical theory, and algorithms to enhance operations and support decision-making.79,490
Operations ManagerThey are in charge of all levels of the organization’s operational activities.

They are responsible for hiring, training, and overseeing quality control activities.

They also plan process improvements to guarantee that everyone completes their work on time.

56,000
Market Research AnalystThey gather and examine information about customers, rivals, and the marketplace. They offer perspectives and suggestions to help decision-making, analyze market trends and boost competitiveness.58,877
Business AnalystThey collaborate with stakeholders to establish goals, create best practices for data gathering and assess existing processes to discover areas for improvement to reach the intended result.56,100
Corporate Strategy AnalystThey do quantitative research and collaborate with the management team to develop a strategy for moving a company toward its goals.

They also can bargain innovation solutions to issues that affect the ability of business and stick to commitments.

67,000
Business Improvement AnalystThey enhance quality, lower costs, boost productivity and shorten cycle times by cutting down on wasteful activities like rework, it is important to identify, plan and carry out critical initiatives that will improve the company’s performance and satisfy customers.55,000
Product AnalystThey analyze market data to help businesses create marketing plans for a product.

That includes conducting client interviews to understand their demands and analyzing market data to decide which items to offer.

90,000
Customer Insights AnalystThey make it easier for a company to understand its customer.

That includes doing research and gathering information on customer satisfaction and sales trends.

They also analyze the data to spot any problems.

100,000
Finance Business AnalystThey analyze the company’s finances and business strategy to increase profitability.

They also examine the finances of the organization, give suggestions and assist to improve processes and boost productivity.

91,000

Here We Have Listed the Top 5 Masters in Business Analytics Courses in Australia.

IIM SKILLS

IIM SKILLS offers one of the best Data Analytics Course that encompasses everything you need to learn to kickstart your business or meet all the challenges of your business related to analytics. The course will give you in-depth knowledge to empower you with the fundamentals and advanced elements of data analytics.

Modules Covered

Module NameImportant Topic
Module 1: Basic and Advance Excel
Introduction to Data Handling
Data Manipulation Using Functions
Data Analysis and Reporting
Data Visualization in Excel
Overview of Dashboards
Module 2: Visual Basic Application
Introducing VBA
How VBA Works with Excel
Key Components of Programming Language
Programming Constructs in VBA
Functions & Procedures in VBA
Objects & Memory Management in VBA
Error Handling
Controlling Accessibility of Your Code
Communicating with Your Users
Module 3: SQL
Basics RDBMS Concepts
Utilizing the Object Explorer
Data Based Objects Creation (DDL Commands)
Data Manipulation (DML Commands)
Accessing Data from Multiple Tables Using SELECT
Optimizing Your Work
Module 3.1: SQL Server Reporting Services
Basics of SSRS
Creating Parameters
Understanding Visualization
Creating Visualization Using SSRS
Module 3.2: SQL Server Integration Services
Understanding Basics of SSIS
Understanding Packages
Creating Packages to Integrate
Creating Project Using SSIS
Module 4: Power BI
Introduction
Data Preparation and Modeling
Data Analysis Expressions (DAX)
Reports Development (Visuals in Power BI)
Module 5: Data Analytics Using Python
Introduction to Basic Statistics
Introduction to Mathematical Foundations
Introduction to Analytics & Data Science
Python Essentials (Core)
Operations with NumPy (Numerical Python)
Overview of Pandas
Cleansing Data with Python
Data Analysis Using Python
Data Visualization with Python
Statistical Methods & Hypothesis Testing
Module 6: Tableau
Getting Started
Data Handling & Summaries
Reports Development (Visuals in Tableau)
Module 7: R For Data Science
Data Importing/Exporting
Data Manipulation
Data Analysis
Using R with Databases
Data Visualization with R
Introduction to Statistics
Linear Regression: Solving Regression Problems
Module 8: Alteryx
Overview of the Alteryx Course and Fundamental Concepts
Using the Select Tool to Rename Fields, Change the Data Type
Understanding the User Environment and Alteryx Settings
Filtering Data/Data Processing
Blending/Joining Data from Different Sources
Data Cleansing
Impute Values
Random Sample
  • Course Name – Data Analytics Master Course
  • Course Duration – 6 months of Training + 2 Months  Internship (Non-Paid)
  • Course Fee – INR 49900 + Taxes

Tools in the Curriculum
Excel
Python
Power BI
Tableau
SQL
Alteryx
R

What are the skills you develop?
  • Dispersion, Regression Central Tendency
  • Python concepts that include that includes branching, dictionaries, objects, classes list, and sets
  • Python Libraries
  • Loops And Functions
  • Regression Models
  • DBSca, Clustering etc
  • Visualisation tools
  • Microsoft Analytics
  • Tableau Model
  • Interactive Dashboards
  • Pareto, Heat-map, Tree-map, and more

Professional Courses from IIM SKILLS

Contact: +919580740740, [email protected]

Business Analytics Courses in Australia: The University of Melbourne

About:

You may develop the skills and expertise necessary to stand out among data scientists by enrolling in the Melbourne Business School Full-Time Master of Business Analytics program.

This program will teach you not only the mathematics and information systems necessary to succeed but also how to approach analytics from a strategic business perspective.

Focusing on quantitative techniques and the use of statistics in decision-making, this advanced, full-time degree takes one year to complete. You will receive instruction from subject matter experts in computer science, statistics, mathematics, and business management. And also help you develop your skills using tools like R, Python, Tableau, SAS, and other programs.

Your capacity of convincing the business value of your analytics insights to decision-making will also improve as a result of this personal effective program.

Course Name:Master of Business Analytics
Level of Study:Post Graduate
Duration of the Course:1 year
Mode of the Course:On Campus
Total Fees:AUD 70,400 (INR 39.01 lakh) per year
Academic Requirements:3 year undergraduate degree with WAM:70% in related field

GMAT required

IELTS Score:7.0 or above
TOFL Score:102
Course Syllabus:Module 1: Introduction to Business Problems

Module 2: Business Analytics Foundation

Module 3: Advanced Business Analytics

Module 4: Analytics Lab

Module 5: Business Analytics Applications

Scholarship Provided:BP Australia Scholarship

AUD 25,000 (INR 13.55 lakh)

Contact Information
Phone Number:+61 3 9035 5511

Business Analytics Courses in Australia: Victoria University

About:

Their Master of Business Analytics program and Graduate Certificate in Business Analytics program teaches skills you can use every day to solve, business challenges, develop new possibilities, and manage the market in a period where information and data are essential to business.

The fundamentals of data science, data visualization, machine learning, and artificial intelligence will be introduced to you. You will learn useful, applicable skills through using open-source software such as Python and R, Cloud computing resources like Github and AWS, and their international connection with SAP. More, importantly you will discover how to use these ideas and abilities to make money for your company.

Their Master’s course will give you practical experience and a meaningful sense of using data to address real-world challenges by building excellent relationships with local businesses and international partners.

Based on their ongoing analysis of the most demanded recent job opportunities, you will create a portfolio of projects to include in job applications. Additionally, you will have many opportunities to work with business leaders and gain mentoring experience thanks to their Business Analytics course.

Course Name:Master of Business AnalyticsGraduate Certificate in Business Analytics
Level of Study:Post GraduateGraduate Certification
Duration of the Course:2 years0.5 years
Mode of the Course:On-CampusOn-Campus
Total Fees:AUD 16,400 (INR 9.08 lakh) per semesterAUD 15,500 (INR 8.58lakh) per semester
Academic Requirements:Bachelor’s degree in relevant field with at least 50%

Academic score ELP scores

Australian Bachelor’s degree in relevant field
IELTS Score:6.5 or above6.5 or above
TOFL Score:Above 79Above 79
Course Syllabus:College Core UnitsAccounting for Management

Data Analysis for Business

Business Economics

Work and Organization Systems

Predictive Analytics

Business Analytics and Visualization

Coding for Business Analytics

Artificial Intelligence and Machine Learning for Business

Professional Core UnitsPredictive Analytics

Business Analytics and Visualization

Experience management

Analytics project management

Business Data Mining and Warehousing

Data Security and Governance

Coding for Business Analytics

Artificial Intelligence and Machine learning for business

Core UnitsBusiness Ethics and Sustainability

Applied Business Project

Scholarship Provided:VU International Excellence Scholarship

AUD 3000 for two periods (INR 16,260)  and

AUD 6000 (INR 32,52) in tuition fees

Contact Information
Phone Number:+61 3 9919 1164

Business Analytics Courses in Australia:  Deakin University

About:

The Deakin University’s Business Analytics program was created in collaboration with market demands. These came from the companies that have partnered with the course, such as Microsoft, Deloitte, SAS, IBM, PBT group, Altis Consulting, Ernst and Young, and PwC.

A variety of widely used business intelligence and analytics tools are covered in this course, which has a strong practical approach. You’ll discover how current modeling and solution methodologies might be used to address decision-making issues in business.

The curriculum incorporates big data concerns and concepts, and you’ll gain access to advanced business analytics tools including SAS Enterprise Miner, Microsoft Excel, Tableau, IBM Cognos, IBM Watson, and IBM SPSS Modeler.

Course Name:Master in Business Analytics
Level of Study:Post Graduates and Doctorates
Duration of the Course:1 to 2 years
Mode of the Course:On-Campus
Total Fees:AUD 29,400 (INR 15.43 Lakh) per year
Academic Requirements:Bachelor’s degree in relevant field with at least 60-75%

Bachelor’s work experience level

IELTS Score:6.5 or above
TOFL Score:Band A-D
Course Syllabus:CoreFoundation Skills in Data Analysis

Business Intelligence and Database

Value of Information

Descriptive Analytics and Visualization

Predictive Analytics

Decision Modeling for Business Analytics

Machine Learning in Business

Real World Analytics

Advanced Artificial Intelligence for Business

Cyber Security Strategies

Decision Analytics in Practice

ElectivePeople Analytics

Marketing Analytics

Scholarship Provided:Deakin Alumni Postgraduate bursary

10% reduction per unit for tuition fees

Contact Information
Phone Number:+61 3 9034 6205

Business Analytics Courses in Australia: The University of Western Australia

About:

The University of Western Australia offers a Master of Business Analytics program that gives students the analytical skills necessary to handle challenging data sets.

Additionally, they will learn how to interact with technical professionals, like computer scientists, and present them with insightful data insights.

Course Name:Master of Business Analytics
Level of Study:Post Graduate
Duration of the Course:18 to 24 Months
Mode of the Course:On-Campus
Total Fees:AUD 66,200 (INR 35.19 lakh) 
Academic Requirements:Bachelor’s degree in relevant field with at least 50%

Two years of work experience UG score

GMAT required with at least 550 score.

IELTS Score:6.5 or above
TOFL Score:230
Course Syllabus:CoreFundamentals of Business Analytics

Data Storytelling

Business Analytics Industry Project

Programming for Business

Group ABlock chain and Distributed Ledger Technologies in Business

Economic Research and Evaluation method

People Analytics

Business Intelligence

Applied Project Management

Big Data in Marketing

Group BIntroductory Financial Accounting

Applied Professional Business Communications

Open Source Tools and scripting

Cloud computing

Machine learning

Applied advanced econometrics

Text to data applications and novel data sources

Economics for business: applications and policy

Health analytics

Enterprise information systems

Supply chain analytics

Management and organization

Digital marketing

Scholarship Provided:Global Excellence Scholarship

AUD 24,000 (INR 13.18 lakh)

Contact Information
E-mail ID:[email protected]
Phone Number:+618 6488 6000

Business Analytics Courses in Australia: Simplilearn

About:

The special business analyst certification in Melbourne, Australia, was developed in partnership with IBM. The program will assist you in advancing your career as a business analyst.

Through, Simplilearn’s Business Analyst course, you will get a knowledge and skills set of Agile Scrum Master, CBAP, SQL, CCBA, Excel, Tableau, and Agile Scrum Foundation.

They have different courses in this Master’s program, and every course consists of comprehensive modules, where you will learn how to deal with SQL Databases, develop abilities for creating interactive dashboards, and gain a lot of knowledge about business analysis.

Program Name:Certified Business Analysis Professional
Level of StudyMaster’s Program
Duration of the Course:1 year
Mode of the Course:Online
Total Fees:AUD 1999 (INR 1.09 lakh)
Eligibility CriteriaNo requirements
Courses IncludesCertified Business Analysis Professional

Tableau Training

Data Analysis and Visualization with Python

Mathematical Optimization for Business Problems by IBM

Business Analyst Capstone

Case Studies for Business Analysis from Harvard Business Publishing

Electives:

Business Analyst Industry Master Class

CCBA

Agile Scrum Master

SQL Training

Data Science with R Course

Business Analytics with Excel

Statistics Essential for Data Science

Program Offering:75+ instructor led online training

Master’s Certification

E-learning Content

Contact Information
Phone Number:1-800-982-536

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Business Analytics Courses in Australia: Frequently Asked Questions

Q. Difference between business analytics and business analysis?

Answer: Although the phrase “business analytics” and “business analysis” are sometimes used together, they have significantly different definitions. Business analytics seeks to analyze and report data to estimate future business success and analyze previous business performance. The business analysis, on the other hand, concentrates on operations and processes, identifying business requirements, and making recommendations.

Q. Is Australia Good for Business Analytics Course?

Answer: Master’s in business Analytics Courses in Australia and associated degrees are growing more popular there, with recent news reporting that it is one of the high-demand careers in Australia.

Q. What are the various industry roles available for business analysts?

Answer: Business analyst manager, quantitative analyst, information security analyst, management analyst, and IT business analyst are some of the roles that business analysts can explore.

Q. What is the future of Business analysts in Australia?

Answer: With digital information happening rapidly and technologies like artificial intelligence and machine learning disrupting the market, the need for business analysts has become more important than ever. Organizations are relying on qualified Business Analysts to get advice on best practices and to stay competitive in the future. 

Business Analytics Courses in Australia: Conclusion

That’s all. If you want to shape your niche in business analytics, it is important to expand your skill set to put your foot forward. Unquestionably, business analytics have so many career option. And such a profession is high in demand in Australia. I hope this article will help you to achieve more in the field of business analytics.

Author:
Swati Varli is an intern at IIM SKILLS as a Content Writer. Always being the happy kid whenever it comes to nature, she holds a Master’s degree in wildlife. She is a weeb and passionate about arts and crafts, reading, journaling, dancing and solo travel. For her interest she is always ready to explore new things against her better judgment. At the same time also being the person who will meow back to stray cats just to get their attention.

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