Business Analyst plays a vital role in all organization. Business Analyst is a person who understanding business change needs by capturing, analyzing, researching and documenting requirements and supporting the communication of a specific business to improve the productivity of a business and provide the solutions to the client and to different companies.
The future growth of a career as a business analyst its role and responsibilities
1. The Future Growth of a career as a
Business Analyst :
Its roles & responsibilities
Presented By
Abhipsa Pani
2. What is Analytics?
The meticulous process of mutating data into insight
for forming effective decisions and presenting new
opportunities for a ambitious benefit.
3. Business Analytics
Business analytics (BA) is the custom of redo,
systematic survey of an Corporation's data,
with an prominence on statistical anatomy.
Business analytics is worn by Organizations
engaged to data-driven resolution.
The Business Analytics is a key coordinator
within an enterprise, who acts as a connector
between the clients, shareholders and the
service-providers team.
4. Growing Need for Business Analytics
Now-a-days the business environ is more
complicated than before.
The line of businesses are presumed to be
heedfully responsive to the growing demands of
clients, regulators and stakeholders.
The creation of Large volume of data from business
affairs and pact.
5. Its Purpose
The main objective of an organization that hunt for
analytics is:
Revenue boom
Optimize expenses
6. Role of the Business Analyst
Typically allocated to a project after it has commenced.
BA is accountable for linking the space between the Business and
Information Technology.
Research the line of work in-depth.
Basically focus onto the architect of productive business solution.
To review the inconsistent job definition and responsibilities across
the industry.
Technology
Business
Technology
7. Types of Business Analytics:
Prescriptive Analytics
Predictive Analytics
Descriptive Analytics
8. Types of Analytics
Prescriptive
Analytics
Guidance on feasible outcomes
Predictive
Analytics
Know-how the prospects
Descriptive
Analytics
Intuition into the prior
Why do airway terms alter
every hour?
How do market place
grocers know to assist you
vouchers you might
literally use?
How does Netflix
constantly endorse just the
upright movie?
Source: imarticus.org
9. KNOW-HOW
Profound Communication Skills.
Knowledge of the SDLC(System Development life
cycle).
Conciliation and solidarity building.
Impressive interpersonal and customer
management capability.
Mathematics and engineering is a must
background.
10. Actionable
Detail-oriented and Analytical skills.
Listens to Client (Organization).
Assists SMEs to describe the method as well
as the purpose to perform job.
Certify the product is fabricated right according
to the demand.
Fix the business complications.
Directs requisites change call.
Carry-out requirements-related job in the work
breakdown structure.
11. Big Data Analytics?
Big data analytics aids business enterprises to exploit their data
and hold it to pick out new chance for employment or promotion.
This leads to percipient business headway, further productive
operations, high-earned profits and contented customers.
Source: Crossing Technologies
13. Command for Analytics Hotshot in India
$ 1
Billion
Jan, 2014
$ 2.3
Billion
Projected for
2018
Analytics Market
$ 163
Million
Jan, 2014
$ 375
Million
Projected for
2018
Domestic Market
31,500
Jan, 2014
2,50,000
Projected for
2018
Job Vacancies
Source: NASSCOM
14. There are many certification courses available on long-term
and short-term basis in India for freshers and working
professionals.
We can also skill-up by learning different open-source and
commercial tools of business analytics.
There are many institutes that facilitates different certification
courses for choosing a career in BA such as certification in R,
python, SAS, etc.
16. Certificate Programmes for BA:
CBA Programme (Certified Programme in Business Analytics)
CAP (Certified Analytics Professional)
EMCDSA (EMC Data Science Associate)
SAS predictive modeler
CCP-DS (Cloudera Certified Professional: Data Science)
PGPBA (Post Graduation in Big Data analytics)
CPBAE (Certificate Program in Business Analytics for Executives)
EPBA (Executive program in Business Analytics)
BAI (Business Analytics and Intelligence)
17. Business Analytics Jobs in India
Communication Technology: 1%
Oil and Gas:- 3%
Banking:- 11%
Insurance:- 7%
Pharma:- 24%
Analytics Services:- 54%
Analytics Services and Pharma Industries head the group in the high-rise
percentage of Business Analytics jobs being created in India.
Total number of job employment created is approximately 32000 in
numbers.
18. Career Options in Business Analytics
FIELDS IN
ANALYTICS
TARGET
AUDIENCE
• Data management
• Data Exploration
• MIS and report
creation
• Automation of
reports
• Segmentation
• Customer profiling
• Portfolio Analysis
• Trend Analysis
• Forecasting
• Probability models
• Classification and
regression trees
• Time series
models
• Neural networks
• Multi-layer
Perceptron
• Geospatial models
• Associative rule
learning
• Inductive logic
programming
INDICATIVE
JOB ROLES
KEY
FEATURES
MIS
REPORTING
NON-PREDICTIVE
ANALYTICS
PREDICTIVE
ANALYTICS
MACHINE
LEARNING
• B.Com
• B.E
• B.Tech
MIS Analyst
Data Analyst
Strategy Analyst
Cost Analyst
Data Scientist
Statistician
Advanced Analytics – Team Manager
Market / Global Research Analyst
Analytics Manager
• B.Com
• B.E
• B.Tech
• MBAs
• B.E
• B.Tech
• MSc (Statistics)
• MBAs
• MCA
• B.E
• B.Tech
• MSc (Statistics)
• MBAs
• MCA
Source: imarticus.org
20. Salary Study:
Average analytics pay in India for the year-end 2016
was 11.7 Lacs among the experienced staffs.
Increase in 22% i.e. highest average salary for analytics
professionals.
Percent of Analytics professionals salary more than INR 15
Lacs has extended from 33% in 2016 to 37% in 2017.
21. Business Analytics versus Other domain
The salary comparison between BA and other sectors such as
IT, Financial Research :-
Analytics earn 30% high salaries as compared to IT
professionals.
The salary bracket for Business Analytics is 10-25lacs, which
is much higher than other sectors.
The average salary bar for Analytics is ranked highest
among all.
22. Conclusion
From large scale Industries to confined analytics merchandising, the
market for standard data analysts is fulfilled with a bankable pay.
With data analytics navigating all the integrant of an enterprise, the
ventures are accessible to offer more salaries to these type of
professionals.
The payment have perceived a favorable route where skills are
supported by experience.
It is the best period, primarily when data analytics office worker take
30% high pay than IT professionals in India.
In recent times, R, Storm, Hadoop, Spark and Python endure the most
search for tools by the managers, with a desirable package.
Finally, Analytics study is an approach in the right inclination and will
stimulate desires of making a career in analytics discipline.