Top 2 Business Analytics Courses In Gurgaon With Live Training
A resident of Gurgaon might conflate business analytics and data analytics, at first glance, however, a cursory search into the two subjects will bring forward plenty of distinctions. Business analytics is a significant field under the ambit of data analytics; dealing with massive data and characterized by the production of business insights informing decision-making. Both fields are monumental in their own right but contemporarily, business analytics has a narrower scope and an unwavering concern for the optimal decision-making that reflects high-growth businesses. To be a part of this field, business analytics courses in Gurgaon may be of use to you.
But before that, let’s gain some idea of the basics before diving into our recommended selections for great business analytics courses in Gurgaon for you…
The Concept of Business Analytics:
Have you ever wondered why analysis is performed with rigour and motivation? Far from being a magical seed exchange, the enterprise of analysis of data and trends is borne with tremendous exhilaration because the outcomes of analyses are solutions for pivotal problems, like a panacea to diseases. Business analysis and data analysis at large are hardly different from the scientific analysis we have ingrained over the years as students of any mathematical or quantitative field of study.
Technically, business analytics can be defined as a collection of sturdy normative and disciplinary practices at a nexus with apposite technologies to probe for meaningful solutions to business problems predicated on quantitative methods of research like data analysis, statistical models, etc. It is a punctilious method of sifting an organization’s data, finding statistical deficiencies in your business, and augmenting them with targeted decision-making.
Driving business campaigns in a manner that is scientific and accountable would be scarcely possible if not for the change in business outlook regarding data and its management. In the present day, businesses wish to utilise data collected from their customers and their sales, combining it with general trends and specific predictors to gain ground in their specific niches and markets. Data as an asset today is being successfully utilised by businesses across the world to leverage their strengths and shed their weaknesses by accurately using trends derived from quantitative methods of analysis to push business insights that materialise in windfall profits.
All of the aforementioned actions are moot if the pristine quality of data cannot be evolved from raw collections of data. A level-headed and skilled business analyst is a necessity to complete this task. Data quality can be ensured only when the data used in the analysis is properly cleaned of errors, inconsistencies, and missing pieces of data and figures, which requires knowledge of data cleaning that can be easily gained through business analytics courses in Gurgaon. Integrating data with the current business goal or aim and working as per guidelines to clean data and form sets of it to gain meaningful insights is not a walk in the park. Business analytics may be simple to grasp but requires hours of eye-straining work and years of experience to contribute ideally.
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The How of Business Analytics:
Before progressing to any quantitative analysis, business analytics is based on certain fundamental factors that are determined by business goals and knowledge about the intended effects a business wants to materialise. Using past data in its processed form and realising facts, trends, and patterns that can lead us to encircle the root cause of an issue at hand. After developing the basic foundational data, insights can be drawn and choices can be made about the extent of their use for the businesses.
The step-by-step methodology provided by good business analytics courses in Gurgaon is as follows:
- Acknowledging the intention and wants of a business
- Selection of a methodology for rigorous analysis
- Analysis based on supportive data from a variety of credible sources and systems
- The supportive data is properly cleaned and formed
- Analytical tools like spreadsheet functions and predictive modelling are used
- Models develop scores that help organisations make informed and pragmatic decisions
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Tools of the Trade:
Tools make efficient use of data but the data needs to be brought in first for them to be effective. The process of data collection from sales spreadsheets, devices, and social media acts as an essential pillar in the processes involved in the creation of meaningful business insights. Businesses in today’s day and age use cloud databases to streamline the process of collecting essential data.
Once data is collected and stored properly it must be processed and cleaned; filtering away all the errors and eccentricities for smooth analysis. Machine learning algorithms are used today to fulfill this monotonous process so that it leaves room in the schedules of business analysts to review business insights and their real-world applications and iron out the issues that surface subsequently. Easily repeatable actions and processes are learned and performed automatically, accelerating the process of data mining for the appropriate data. It also saves specific reliable sources to verify data quality and ensure secure figures for extrapolation.
Descriptive analytics is another important step to receiving informative data as it tries to unearth common patterns and predictable changes to establish a descriptive understanding of why and how the patterns are occurring. It is the hypothesizing phase of the field where lots of brainstorming, guesses, and theories are tested to correctly formulate some limiting factors that describe the changing patterns of business growth/sales.
Predictive analytics comes in next, coupled with the visualization and reporting of data. Given sufficient comprehension of data and the quantity of data as a whole, predictions can be delivered to business owners with extraordinary ease. Adding to that ease is the visualization of these figures and numbers after mapping them out on graphs or typing them out in simplistic reports so that they can be understood without hassle.
Business decisions can only be made in cooperation with shareholders and they are not experts in the field of data analysis, so to bridge the understanding of business analysis requires converting intricate data findings into easily digestible chunks of business insights with predictive implications and suitable and practical ways of application. The visualization not only leads to easier understanding for the business administrators but also for the experts involved in them as reviewing their work by giving clear visual representation to their findings, allows them a chance at collecting further findings as well.
That sums up the basic steps and tools of the trade used during business analysis. But even though we have helped you gain an understanding of the various steps along the way, there still exist a variety of types of business analytics.
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Types of Business Analytics:
Business analytics may be categorized into three broad classifications. These are:
- Prescriptive Analytics – Much like a doctor prescribes medicine based on your past medical history and health conditions, prescriptive analytics records sales and traffic generated as well as customer retention to develop recommendations for handling similar happenings in the future.
- Descriptive Analytics – This is the process of keeping an eye on key performance indicators of a business; indicators like revenue per client that express the success or failure of a business to reach the standards metrics of long-term growth. It focuses on customer retention rate, customer satisfaction, and other aspects that act as a non-verbal report of the health of a business and a document of its prospective health as well.
- Predictive Analytics – It is a process of thorough auditing of current performance trends combined with general industry factors and other variables to predict future outcomes and their likelihood.
Such are the various types of analytics that can be used by business analysts to report to stakeholders the potential pitfalls in current administrative or customer practices and how rectifying them will change the overall outlook of the growth in their business.
There is so much to know about business analytics and we believe that some business analytics in Gurgaon fit the bill to help a Gurgaon resident like yourself learn not only the fundamentals of business analytics but extensive knowledge about the whole affair of analytics and quantitative studies. But before we start with our recommendations for the best business analytics courses in Gurgaon, here’s a little preview of…
Gurgaon- A Nexus of Finance & Technology:
Officially called the Gurugram, unofficially known as Hidayatpur, it is a city of major importance in the state of Haryana. A close neighbor of the Indian capital, New Delhi, it is a part of the National Capital Region of India. Its prominence rose around the 1970s when a manufacturing plant was set up by Maruti Suzuki India Limited, an automobile giant in the subcontinent. It is one of the best cities in the country with an extremely high HDI score and is also a functional hub of finance and banking while it also bags one of the top spots in information technology in the entire nation.
Thus, a person living in Gurgaon could derive great benefit from enrolling in one of the many business analytics courses in Gurgaon to grab the advantageous business outsourcing that the companies are providing to foreign businesses and Fortune 500 MNCs by the horns. The following business analytics courses in Gurgaon could provide you with the necessary information that opens new doors to infinite possibilities in the field of data analysis for businesses and other high-collar professions in the field.
Business Analytics Courses in Gurgaon:
1. Business Analysis Fundamentals- 2022 by Udemy:
Among the best business analytics courses in Gurgaon offered by one of the best edutech websites in the world, this course focuses on building a firm foundation in business analytics to succeed as a professional in the field. The nominal pricing and the provision of accurate and updated industry concepts that check all the dos and don’ts of business analysis ranging from complex modeling and different work methodologies to simple tactics used in the profession that are ubiquitously performed to gain stakeholder confidence and consent for application of analytical insights.
- Certification of Completion and Provision of Lifetime Access to Resources
- Extremely Beginner-Friendly
- Availability of 30-Day-Money-Refund
- Veteran and Highly-Rated Instructor
- High Discounted Pricing
- Learn Through 8+ Hours of Video Lessons and Other Resources
- Customary Welcome to The Course:
Reasons for becoming a business analyst; connecting with the instructor and some important course resources recommended by the instructor.
- Basics of Being a Business Analyst:
All about the nature of the business analyst profession and the value they render to businesses today and a brief look into the major duties and responsibilities.
- Cycles of Software Development and Glossary:
Basic terms of business analysis and all about the various methods of software development and building prototypes.
- Starting an Actual Project:
This module constitutes the identification of business objectives, understanding all about business cases and stakeholders and their application.
- Requirements and Types:
A look into the various types of requirements of function and non-function necessitated for business analysis and focusing on SMART requirements.
- Drawing Out Requirements:
Understanding elicitation intricacies and details and putting the various techniques of the same under a magnifying glass for detailed study.
- Analyzing Requirements:
Understanding how requirements are to be analysed and different models are utilised effectively and judiciously.
- Specificity and Categorisation of Requirements:
Gaining information about the ways of delineating among different requirements and attaching appropriate attributes and levels of priorities.
- Gaining Approval:
Approving the requirements with the business and technical side so that all parties concerned are satisfied and functioning is smooth.
- Post-Project and Other Miscellaneous Aspects:
These are two different modules clubbed together and focus on actions to be taken after project completion and tips for the better application analysis.
This is a prime example of one of the best business analytics courses in Gurgaon and is comprised of 12 comprehensive modules.
- 3,499 INR (discounted price can fall as low as the nominal rate of 389 INR)
2. Apply Fundamental Data Analysis to Real Business Problems by Harvard Business School Online:
Some business analytics courses in Gurgaon might claim to be prestigious but they will fall short of this course offered by one of the best universities in the world, Harvard University. This course aims to ensconce your mind into the world of business data and helps you develop world-class skills that will foster solutions for business encumbrances and issues with ease. During the course, you’ll become accustomed to trends, relationships between business variables, and other aspects like the back of your hand and will also be acquainted with confidence intervals and quantitative methods of variable regression that will cement you as someone with a great understanding of analysis intended to produce benefits for businesses of all kind.
- Globally Renowned Faculty and Instruction
- Updated and Esoteric Online Learning of Analytics
- Practical Business Case-Based Learning Opportunity
- Little to None Eligibility Requirements
- A Prestigious HBSO Certificate Provided on Completion
- Self-Paced Online Course Work
- Availability of Scholarships for The Financially Weaker Sections
This course subsumes 5 major modules, namely:
- Proper Description and Cleaning of Data:
Understanding the importance of data sets and a variety of variables that affect the business analysis. Exercises provided in the course aid in the representation of data through Excel and other software.
- Creation of Samples and Estimating Data:
Following a case study of Amazon, you will learn to create samples and conduct veritable estimation through exercises where you’ll calculate sample statistics and confidence intervals.
- Testing and Managing Hypothesis:
You’ll learn how to weigh the pros and cons of your hypothesis and the suggested evidence for the same with an Amazon Case study. Exercises include managing hypothesis development and testing in Excel, focusing on the estimation of changes in population, etc.
- Learning Regression – Single Variable:
Understanding the relationship between two key companies and helping in the prediction of figures with the help of a unique Walt Disney Studios case study. Exercises for this module are limited to using box office and home video sales as the two variables to understand regression of this kind and much more.
- Learning Regression – Multiple Variable:
By taking Caesars Entertainment as a central case study, learn to use this kind of regression where three or more variables are involved, reflecting real-life scenarios and thus, rendering better data forecasts. Application of this quantitative technique is done by taking the instance of challenges of hotel staffing, only further amplified by the use of a dummy and lagged variables as well.
All of these modules are not only fantastic learning opportunities encapsulated in an eight-week course but are also great testing opportunities with a quiz following each test and specific deadlines that need to be adhered to religiously for receiving the HBSO certification on completion. Thus, when available, this is an all-in-one business analytics in Gurgaon.
This course requires a proper application for enrolment.
- $1750 (1,42,878 INR)
FAQs (Business Analytics Courses in Gurgaon):
1. What is the Scope of Business Analytics?
As per business analytics courses in Gurgaon, business analytics is a method of ensuring non-price competitive advantage to businesses that invest in securing a good business analyst. It streamlines many of the business processes that required repetitive inputs for which many workers had to be hired, driving up business costs. With the introduction of artificial intelligence and machine learning into the fold, tasks have been automated reducing costs and increasing economies of scale for businesses all around. As per studies, the impact of business analytics has added close to 9.5 trillion dollars in revenue and for companies like Walmart, personal experience and foresight have led them to fully adopt business analytics, thus enhancing the scope of business analytics in the future.
2. What kind of businesses or industries hire business analytics professionals?
Business analysts are highly sought after by many companies today, thus the prominence of business analytics and the advantage of applying for business analytics courses in Gurgaon. These professionals have far-reaching job options and are not limited to any one kind of business or industry. Many top-rated companies like Accenture, Tata Services, Deloitte, and IBM are looking for business analytics talent to help them augment their financials and marketing campaigns to gain a bigger piece of the pie. So top-level services jobs are always present in this sphere and will only continue to group by leaps and bounds as this field makes greater leaps in accruing profit and value to businesses of all kinds.
3. What are the different career options one can pursue after completing the aforementioned business analytics courses in Gurgaon?
As the field has continued to show great prospects, so have job possibilities/options seen a steep rise in their numbers. Data analysis, Business analyst are obvious job options but in general, analysts of any kind are good job opportunities for people with a strong grasp of business analytics. As business analytics requires you to understand the objectives of an organization and work to augment them in ways that are considerate of the needs of all stakeholders, the job options of HR and financial analyst emerge as good opportunities to apply the statistical and business acumen you have developed in the duration of one of the aforementioned courses. Since business analytics also deals with running campaigns and studying previous sales records and trends, the job description for marketing professional and sales managers are also open to those who complete our recommended business analytics courses.
4. How to transition into the role of business analyst in India when you are already experienced as a data analyst?
Since you will already have experience in a very similar field of work, transitioning to business analytics will only require certification in business analytics, understanding of business requirements and wants, development of a business-oriented mindset, and software used in business analyst circles. Soft skills like being an excellent communicator and possessing sharp presentation and creative visual and report-building skills are also important.
5. What is the salary of a business analyst in India?
The salary of a business analytics professional can range between six to seven lakh INR per annum. Considering work experience, quality of work, and portfolio development, combined with other skills can lead to an increase in the pay of an analyst with relative ease.
We hope you gained critical knowledge regarding business analytics through this article and the courses that we recommended and will soon grow to new heights of skill by enrolling in them. We hope you enjoyed reading this article and found it helpful in initiating your journey to becoming a successful business analyst.