04 Oct 2023
What is a BBA in Business Analytics? Let's Understand!
Data is the new Gold. Today's businesses depend majorly on analytics to reach wise decisions, acquire a competitive edge, and accelerate growth. Business analytics is an essential part of today's corporate culture because it progresses with the strength of data analysis and couples with business administration. Learners pursuing a Business Analytics Program with a Bachelor of Business Administration are more ready to deal with complexity.
As a mentor of the Manav Rachna University, I will discuss here, the power of Business Analytics with Business Administration.
In Business analytics, we process obtaining, compiling, organizing, analyzing, and interpreting vast amounts of data to have practical conclusions and support in decisions managed strategically. Comprising a broad spectrum of approaches involving statistical analysis, machine learning, predictive modeling, and data visualization. To uncover patterns, trends, and correlations, organizations use data to make data-driven decisions, optimize operations and take advantage of new business opportunities.
Three Main Classifications of Business Analytics
Analytics Analyzed Crisply
So we can say that analytics is important as this enables data-based decision-making, and performances and efficacy are improved. Analytics identifies customer behaviors to facilitate predictive capabilities, provides competitive advantage, supports risk management, and drives product development and innovation. Organizations can harness the power of data and gain valuable insights to sustain and grow in today's cut-throat competitive business scenario.
Difference between Business Intelligence and Business Analytics
The terms business intelligence' andbusiness analytics'seem connected, but there are some differences between both terms. In most cases, companies start with business intelligence before implementing business analytics. Business intelligence involves examining business operations to identify successful techniques and areas with potential for improvement using descriptive analytics. On the other hand, business analytics emphasizes predictive analytics, providing decision-makers with actionable insights. Instead of summarizing past data points, it aims to forecast patterns and trends.
Delving deeper, we should know the following details :
Eligibility
Manav Rachna Universityis offering a Bachelor's Degree in Business Administration focusing on Business Analytics. A Student gets a dual qualification: a BBA degree from MRU and a certification in Business Analytics from ISDC, UK, endorsed by the Institute of Analytics (IoA), the United Kingdom's only professional body for Analytics and Data Science all over the world.
The program's comprehensive curriculum combines statistical modeling and data analysis training with foundational business administration topics. As a result, students can develop a strong foundation in business principles while polishing their technical and analytical skills through this multidisciplinary program. Critical Components of the Program:
FAQ
Why go For BBA Business Analytics?
A Bachelor's Degree in Business Administration focusing on Business Analytics prepares students to thrive in the data-driven business landscape of today and tomorrow. Graduates have a unique skill set that is highly sought after across industries because they combine business expertise and analytical abilities. They can encourage informed decision-making, streamline corporate procedures, and unleash the organization's full potential by deriving valuable insights from data. Business analytics specialists are becoming increasingly valued assets as companies realize the relevance of data-driven strategy.
Myriad Career Opportunities
BBA in Business Analytics opens doors to various career opportunitiesin different Industries. Graduates can pursue roles such as:
In India, graduates with a BBA in Business Analytics can anticipate earning a salary of about INR 37 lakhs annually. One can make up to INR 12 lakhs annually with 510 years of expertise in this industry. The work options and appealing compensation packages that come with having a BBA in Business Analytics degree can vary depending on the candidate's experience, skill set, position, and productivity. In India, professionals with a BBA in business analytics typically earn more money than those with other degrees, allowing them to live comfortably.
Conclusion
The BBA in Business Analytics program is perfect for those who love working with numbers, embrace data analysis without hesitation, flourish in leadership roles, communicate exceptionally well, and can think both broadly and specifically. The current corporate environment, which is vibrant and full of chances for people who thrive in demanding and fast-paced workplaces, makes pursuing this program particularly advantageous.
Transcending towards a conclusion, a Business Administration Bachelor's Degree with a specialization in Business Analytics provides a doorway to opportunities. This undergraduate program transforms students into industry-ready professionals capable of handling the corporate environment by capitalizing on data's power with business administration fundamentals. As a result, individuals who graduate from the Business Analytics program are in an advantageous position to take on lucrative jobs in diverse industries. Furthermore, by correctly using the data analysis, individuals emerge as a source of creativity with strategic judgment and can contribute to long-term business progress.
READ: MBA in Business Analytics: A Ticket to Corporate Success
ADMISSIONS OPEN FOR SESSION 2023-24
Author: Ms. Vandna Zutshi Bhat, Assistant Professor, School of Management and Commerce, MRU