The business world is rapidly changing, and companies must to be able and able to make well-informed decisions based on data. Business analytics tools such as forecasting and predictive modeling can help companies to identify opportunities for growth, improve efficiency of operations, and much more.
Business analytics is a discipline that focuses on the analysis and interpretation of historical and current data to predict future trends. This can help inform decision-making. It involves using tools such as predictive modeling, data mining, and forecasting simulations as well as developing data visualizations to present the results of research findings in a simple format. Business analysts employ powerful communication skills to communicate their insights and results to managers.
NewVantage Partners’ 2020 report revealed that the ability of a company to implement business analytics was the most significant aspect of its success and future competitiveness. However, many businesses are still unsure of how to use the analytics-driven strategies to improve their the efficiency of their operations and increase profit margins.
Business analytics professionals are able to assist organizations in streamlining their operations and optimize their processes by identifying bottlenecks and inefficiencies. They can also use data-driven marketing strategies to boost sales.
You’ll learn the knowledge you need to become a successful manager based on data by taking an online course in business analysis. Through interactive lectures, hands-on projects, and real-world case studies, this online program will instruct you to extract, analyze and visualize data to uncover patterns that are not obvious and to develop more effective business strategies. You’ll also be taught the most essential tools that are used in business, such as SQL, Python and Tableau and build your expertise in crucial areas like data visualization. You’ll have the chance to connect with Harvard faculty members and classmates through live classes, virtual office hours and networking events.