It is not a new phenomenon that Data is generated in Business. People had managed Data in the past and have been managing it even now. Then what’s new that we are talking about!
Now, Data in Business is considered to be a greatest asset, which lays down a successful path to run Organizations.
Analytics is the art and science of identifying hidden patterns in Data to aid Decision making using Statistical and Mathematical techniques for creating Algorithms (to work on Data) and using Technology to work on Large sums of Data in extremely small amounts of time.
According to IBM (in 2013), 90% of the Data in the World has been produced in the last 2 years.
Mc Kinsey did a report on “Big Data Analytics” in 2011 and estimated a short fall of 1.5 million data savvy managers in US alone.
As most of the applications of Analytics are applied in the Business Decision Making, it goes without saying that a Business Manager possessing Analytics skills can take quick and more efficient decisions compared to someone who purely depends on domain knowledge and experience.
Management course with focus on Business Analytics imparts you with all the essential Skills required for a wonderful career progression in Analytics, like:
As you become Data-savvy Manager, you will be an Able Decision Maker and gradually you will start fitting into Strategy roles in your organization. Therefore, every Manager, in order to sustain, needs to acquire these skills.