Business Analytics Training

Business Analytics is a programme to transform and analyse data to give Management inputs tools such as: Data management, data visualization, data mining, forecasting, predictive modelling, forecasting simulation and optimization, for managing their businesses more efficiently.

Business Analytics is a programme to transform and analyse data to give Management inputs tools such as: Data management, data visualization, data mining, forecasting, predictive modelling, forecasting simulation and optimization, for managing their businesses more efficiently.

Total customer satisfaction is the goal of every business and Business Analytics has many advantages in achieving that goal.

Some of the advantages are:

• It helps a business understand how much of its ‘Mission Statement’ it has achieved – If the business has achieved 100% of the goals stated in its Mission Statement, Customer Satisfaction will be very high. If there is some more way to go, by using Business Analytics, the Management can get to know the areas which need improvement and attention.
• Business Analytics help make smart business decisions – When the Management has accessibility to critical data, they can use it to leverage their business. Business decisions can now be made faster and more efficiently. It encourages collective analysis to arrive at the best possible decisions.
• Business Analytics gives clearer insights due to Data Visualization – It takes care of getting crucial data on which the analytics team can base their decisions. The Management will be able to extract only relevant data. This will give crucial insights, as to how the business is functioning, in a clear, visually appealing and organised way.
• Analytics keeps you updated on the current Customer preferences – Customers are fickle by nature and what they prefer today may change at short notice. By using Business Analytics, Managers can know target Customer’s preferences and act accordingly. This will be a very useful tool in Industries where changes to market trends can occur at a very rapid pace.
• Business Analytics increases efficiency – Ever since Business Analytics has been used by businesses, it has helped them to become more efficient. It gives Managers the ability to gather large amounts of crucial data and presents it in a visually appealing way. This will help the analytics team to analyse the data and take decisions on the way forward.