Business Analyst

Business Analytics is a combination of data analytics and business intelligence. It is a process that enables the business analyst to make data-driven decisions to improve business performance. Business analytics helps a company make better decisions by a clear understanding of reality.

Organizations use business data analytics  to 

• Reduce costs,
• Getting into a new market,
• Tapping a different demographic,
• Gauging the effectiveness of a marketing campaign,
• Launching a new product or service etc

What are the roles and responsibilities for Business Data Analyst?

• Business analytics helps organizations harness and use data to plan business strategies, improve operational efficiency, identify new opportunities and generate higher profits.
• Identify and analyze industry or geographic trends with business strategy implications.
• Analyze technology trends to identify markets for future product development or to improve sales of existing products.
• Adapt statistical methods to solve business problems.
• Develop software applications or programming to use for statistical modelling and visual analysis.
• Develop and test experimental designs, sampling techniques, and analytical methods.
• Prepare data for processing by organizing information, checking for inaccuracies, and adjusting and weighting the raw data.
• Business analysts process large amounts of data for statistical modelling and visual analysis, using computers.
• Evaluate the statistical methods and procedures used to obtain data to ensure validity, applicability, efficiency, and accuracy.

How to Become a Business Data Analyst

• Bachelor of Commerce, Statistics
• Diploma in Business Studies

What are the key skills required for Business Data Analytics?

• Analytic problem solving
• Understanding of statistical methods
• Data Analysis
• Problem Solving

What are the career opportunities in Business Data Analytics?

• Budget Analyst
• Business Analyst
• Data Analyst
• Data Scientist
• Data analyst
• Management Analyst
• Marketing Research Executive
• Marketing analyst
• Operations Research Analysts
• Project Manager
• Sustainability Specialist