June 4, 2014
Today, banks are finding it easier to prevent credit frauds; retailers are refashioning the way they used to predict the best location for their inventories; even sports teams have come into action to optimize their ticket prices. One thing that has revolutionized the working of business in the corporate world is the appropriate use of ‘Business Analytics’.
Business analysis is more than just statistics. It refers to application of skills and technology to investigate past and present performance. The data that is revealed can develop new insights to drive business planning and enable practical decisions. It has gained prominence over the years, as it has become the driving force for many businesses. With more clients’ acquisition, increase in operations and stellar sales figures, businesses have recognized the importance of business analyses.
Companies are deploying dedicated business analysts as they are inclined to a culture that is based on fact-based decisions. Software tools, dashboards and reports play key role in business analytics that helps a business analyst find gaps in business. With an analytical approach, companies are now able to identify their profitable prospects and customers, understand their supply chain and pricing, increase cost-efficiency to ultimately bring their business’ financial performance to a whole new level.
Analytics Certification helps in forecasting future trends, improving in business operations and strategies and eventually aids in making decisions that can improve a company’s bottom line. Effective business planning can result in taking the guess work out of business. In this digital age, it is quiet imprudent on the part of a business to not understand the importance of available data, and convert it into valuable information.
Business analysts identify drawbacks, unprofitable and poor performing operations in business, thereby, generating success. A business analyst must have expertise and hands-on knowledge in the field of business analysis, which can be provided by professional and certified institutions.
Edupristine is a leading trainer in International Certification courses like business analytics certification, having trained 18,000+ participants from 40+ countries. It has been serving a list of reputed corporate clients such as JP Morgan, Bank of America, Accenture, Mizuho Bank, E&Y and B-schools such as IIM C, IIM I, NUS Singapore, ISB Hyderabad, FMS etc. It endeavors to provide you the value for your money.