5 Best Business Analytics Courses For Beginners
A vast progression has taken place in the field of technology. Companies have become highly competitive, everybody wants to have an edge over others. Hence, in this era where global advancement in technology is taking place, it has produced a lot of jobs in the same. Indeed, learning new concepts and tools in technology has become a must for the betterment of one’s career.
So, if you are a person who has an interest in implementing technology in business, then getting certified in Business Analytics must be a priority for you. The institutes mentioned below contain a list of Business Analytics courses for beginners.
Before heading towards the list of Business Analytics courses for beginners, let us gain a perspective on the description, importance, and dimensions of the same.
Meaning of Business Analytics
Business Analytics involves using modern technologies to analyze past or current business data in order to develop advanced models to drive future growth. It is a set of skills, technologies, and practices used for analyzing past business performance to gain insight and inform future planning.
The process of Business Analytics typically includes collecting data, mining data, identifying patterns, analyzing text, making forecasts, using predictive analytics, optimizing processes, and visualizing data. Simply stated, business analytics is the application of analytics to business-related data.
Its primary focus is on understanding the business significance of the data and determining the appropriate decisions and actions that should be taken based on this understanding. The process of handling and distributing all the data related to a business and utilizing predictive techniques and iterative strategies to convert that data into valuable business insights is referred to as Business Analytics.
Moreover, Business Analytics is a recurring process that involves the exploration of an organization’s data, with a focus on utilizing statistical analysis techniques to discover insights that can enhance both innovation and financial performance.
Companies that prioritize analytics, consider large amounts of data as a precious resource that aids in business planning and supports future strategies. Business Analytics empowers these companies to derive the greatest value from this essential source of insights.
Importance of Business Analytics
Some of the advantages or use cases of Business Analytics are mentioned below in order to understand how the implementation of the tools and strategies of Business Analytics can be useful to the company.
- Business Analytics can turn raw data into more valuable inputs that can help in decision-making. Using Business Analytics tools can provide businesses with a better understanding of primary and secondary data that arise from their operations, leading to refined processes and increased productivity. To remain competitive, companies must be ahead of their peers and use the latest toolsets to enhance decision-making, ultimately resulting in improved efficiency and greater profits
- In present times, the adoption of business analytics software can be the determining factor that sets successful companies, apart from those that fail in their respective industries. High-performing companies use analytics to constantly monitor and optimize all aspects of their operations, ranging from marketing to supply chain, in real-time.
- Companies depend on analytics to make quick, data-driven decisions, increase revenue, create new business models, deliver top-notch customer experiences, empower their employees, gain a competitive edge, and achieve a variety of other goals. In contrast, companies that lack the capability for analytics, or those with inadequate analytics, must rely exclusively on intuition and experience to make business decisions.
Types of Business Analytics
The following are some types of Business Analytics incorporated by business analysts in their companies in order to acquire the best results.
- Descriptive Analytics involves examining historical data to understand how a business unit responds to given variables. This includes identifying relevant business metrics, collecting and preparing data, analyzing data for patterns, and presenting the information in an understandable format for non-analytics experts. Examples include summarising past events and reporting general trends.
- Diagnostic Analytics helps to understand why certain events occurred in the past by using data mining, correlations, and drill-downs. It is often used before descriptive analytics to find the driving factors behind certain results in areas like finance, marketing, and cybersecurity. Examples include examining market demand, identifying technical issues, and explaining customer behavior.
- Predictive Analytics uses historical data trends to forecast the probability of future outcomes. It utilizes techniques like data mining, machine learning algorithms, and statistical modeling to predict events. It helps improve business areas like customer service, efficiency, fraud detection and prevention, and risk management. Examples include predicting customer preferences, detecting employee intentions, and recommending products.
- Prescriptive Analytics generates recommendations based on past performances to handle similar future situations. It uses tools like statistics and machine learning algorithms on both internal and external data to provide insights into what may happen, when, and why. Examples include tracking fluctuating manufacturing prices, improving equipment management, and identifying testing.
Now, Let’s Have a Look at Some of the Institutes Providing Business Analytics Courses for Beginners.
Rank #1. Business Analytics Courses for Beginners
The Udemy course on Business Analytics is designed to be a good introductory course in any business analysis curriculum. The course covers various topics including the attributes of good requirements, types of requirements, and requirement sources. It also provides an in-depth understanding of transforming requirements through different types of analysis, such as stakeholder needs analysis, decomposition analysis, and gap analysis.
The 2.5 hours on-demand video course covers various diagrams, including flowcharts, swim lane flowcharts, entity-relationship diagrams, and use case modeling, among others. It also explains how to present requirements effectively, prioritize requirements, and socialize requirements for gaining acceptance.
Change control, requirements tools, and scenario analysis are also covered in the course. No technical background is required to enroll in the course, but a strong desire to learn business analysis is necessary. The course is taught by experienced Business Analysts who use real-world examples, case studies, and lessons learned on the job to provide a practical approach to learning business analysis.
The course is suitable for both novice and intermediate Business Analysts as well as professionals looking to transition into a Business Analyst role. The instructors have experienced Business Analysts who offer insights into how analysis is performed in the real world.
The course also covers stakeholder management, including who they are, why they matter, and how to handle stakeholder conflicts. Additionally, the course provides an overview of business analysis, requirements, and the role of a Business Analyst in the development lifecycle of a project or product.
The course offers lessons learned from actual Business Analysts on the job, providing students with practical and valuable knowledge to start or enhance their career in business analysis. Some knowledge of business strategy can be helpful, but it is not a requirement for enrolling in the course, making it one of the good choices among business analytics courses for beginners.
The course is self-paced, allowing students to study at their own speed and convenience. Upon completing the course, students will receive a certificate of completion that they can add to their resume.
Rank #2. Business Analytics Courses for Beginners
Learnbay is a well-respected institution that delivers high-quality business analytics courses for beginners to cater to the needs of students and professionals seeking to enhance their skills or acquire new ones. The 5-month program is carefully designed to equip learners with the essential knowledge and practical abilities to analyze data and generate meaningful insights.
The course curriculum encompasses a variety of analytics techniques, including SQL, Advanced Excel, Power BI, data description, data visualization, and statistical inference. Moreover, the program provides specialized programming classes in Python and R for individuals without a technical background.
The institute also provides interview preparation sessions, soft skills training, and project management skills to equip students with the necessary skills for lucrative career opportunities as business analytics consultants, senior business analysts, and database administrators.
The program fee is Rs. 75,000/- plus 18% GST, totaling Rs. 88,500/-. The course includes five industry-oriented projects, and learners can access a premium cloud lab feature to collaborate on ongoing business analytics projects at startups and multinational companies.
The course is delivered by highly qualified industry experts, who provide both theoretical and practical training. The modules are structured to provide learners with a thorough understanding of various analytical techniques, their application scenarios, and how they can be effectively integrated into daily work practices.
The training program also includes one-on-one mentoring sessions to assist learners with any questions or issues they may have. In addition, the program’s project-based learning approach enables students to gain hands-on experience by working on industry-oriented projects. The five projects are designed to help learners develop practical skills and apply the knowledge acquired during the training program.
Upon completion of the program, learners will be qualified to apply for various positions such as business analytics consultant, senior business analyst, and database administrator, among others. The program’s focus on practical training, real-world projects, and industry mentorship ensures that learners are well-prepared to enter the job market with the skills and knowledge needed to succeed.
Overall, Learnbay is an excellent choice for individuals looking for Business Analytics courses for beginners and for enhancing their skills and pursuing a career in business analytics. The program’s comprehensive curriculum, practical training approach, and industry mentorship provide learners with a solid foundation to excel in their careers.
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Rank #3. Business Analytics Courses for Beginners
UpGrad’s business analytics certification program is highly popular among professionals who have an MBA or are working in various roles such as engineering, marketing, sales, IT, and other fields but want to develop their skills in data science and pursue business analytics roles.
However, the program is open to anyone with a bachelor’s degree who is interested in analytics. The program is a comprehensive three-month course that focuses on teaching core business analytical skills, including problem-solving, exploratory data analysis, statistics, optimization, and predictive analytics.
The certification program has gained recognition in the industry for providing hands-on experience in real-life industry projects, which enriches the candidates’ data analytics skills. During the program, students receive training from industry experts and are exposed to various analytical tools such as Excel, SQL, and Tableau.
The program is designed to provide students with a holistic understanding of business analytics, including data collection, processing, analysis, and visualization. The business analytics certification program from UpGrad has been developed in collaboration with leading industry experts and is regularly updated to ensure that students are equipped with the latest skills and knowledge required in the field.
The curriculum is structured in a way that students can balance their work commitments and studies, making it an ideal option for working professionals. Upon completion of the program, students receive a business analytics certification from UpGrad, which is highly valued in the industry.
The certification opens up a plethora of career opportunities for the students, such as business analyst, data analyst, data scientist, and business intelligence analyst, among others. In conclusion, UpGrad’s business analytics certification program is an excellent option for professionals and students who want to develop their skills in the field of analytics and pursue a career in the same.
With its industry recognition and comprehensive curriculum, the program can be considered a fair category under Business Analytics courses for beginners. Moreover, it provides the students with a solid foundation and practical experience in the field, enabling them to succeed in their careers.
Rank #4. Business Analytics Courses for Beginners
4) IMS Proschool
IMS Proschool has partnered with NSE India to offer a business analytics classroom course in Mumbai, Pune, Bangalore, Chennai, Delhi, Hyderabad, Kochi, and online globally. Upon successful completion of the course, candidates will receive an exam certificate from NSE India (NCFM).
The joint certification from NSE India, IMS Proschool, and NSDC is a three-month weekend classroom course that covers Big Data, Hadoop, Web Analytics, and Mobile BI. The course has three study options: Comprehensive Classroom, Live Virtual Classes, and Distance Learning, with fees ranging from Rs. 20,000 to Rs. 36,000. If you are new to the technical field and looking for Business Analytics courses for beginners, then you may go through this option if suited individually.
Rank #5. Business Analytics Courses for Beginners
5. Henry Harvin
Henry Harvin’s Business Analytics course is highly regarded in India and can help individuals with business strategies and analytics-based financial decision-making. The course is part of Henry Harvin’s Data Science and Analytics Academy and provides essential analytical skills and toolkits for becoming a business analyst.
The syllabus is industry-adapted and includes hands-on training, projects, and placements. The course includes 32 hours of training sessions and 50 hours of E-learning with assistance from advanced qualified professionals. Participants who apply for the business analyst training certification will receive a CBAP certification.
The course covers topics such as problem-solving, data measurement, and analysis, customer data access and integration, data-driven decisions, and transactional data and ETF trends analysis. The course offers various career benefits, including CV and LinkedIn profile improvement, job opportunities, a rewarding certification, and the opportunity to network with over 23,000 distinguished alumni worldwide.
The course also includes hands-on practical experience through 5+ projects covering various domains such as HR, sales, marketing, and finance. The course is available in two versions, the Certified Business Analyst Professional (CBAP) and the Certified Python Business Analyst (CPBA), with a duration of 32 hours on four weekends and a fee of INR 15,000 payable online.
The course is open to beginners, with no specific eligibility criteria. Candidates with a mathematics or statistics background may have an advantage. People looking for Business Analytics courses for beginners must consider this institute and its offering in the business analytics field for once,
Frequently Asked Questions
1. Is business analytics and data analytics the same?
Data analytics is the practice of analyzing and classifying data using statistical techniques, big data processing, and technology, including sorting, storing, cleansing, identifying patterns, and interpreting insights. Its significance lies in enhancing organizational or operational efficiencies and creating strategies to leverage new business opportunities.
Business Analytics, on the other hand, concentrates on the larger scheme of how data can be utilized to address weak areas in current procedures or to generate value and cost optimization in a specific business process. This field strives to offer solutions and tackle pre-existing obstacles unique to the business and usually takes the lead in the data pipeline, unlike data analytics, which typically centers on the backend.
2. What are the eligibility criteria to become a data analyst?
To enter the field of business analytics, having a relevant undergraduate degree in business or information technology is helpful but not required. Pursuing a master’s degree in business analytics can provide essential knowledge and skills to bridge the gap between business strategies and IT practices. In addition to formal education, you can enhance your position in the job market by taking additional courses and obtaining relevant certifications.
Internships can provide valuable real-world experience and insight into industry practices and digital transformation trends. Keeping up with the latest software and programming languages is also important. Business analysts need to possess soft skills such as agility, resilience, leadership, communication, and teamwork. Networking at industry events and conferences is crucial to expanding knowledge and meeting professionals in the field.
3. What does a business analyst do?
The role of a business analyst involves understanding a company’s processes, evaluating them for efficiency, cost-effectiveness, and outcomes, and providing recommendations for improvement. This includes researching, designing, and implementing new technologies or processes where necessary. The analyst is also responsible for project management, monitoring performance, and ensuring that deliverables are completed on time.
They share changes and procedures with business teams and collaborate with management to ensure that modifications are consistent with the organization’s objectives. In summary, business analysts bridge the divide between management and technical systems by utilizing their expertise to improve processes and decision-making. In the modern data and technology-dependent world, businesses prize analysts who can offer this type of assistance.
4. What skill set does a business analyst must have?
To be a successful business analyst, there are several key skills that are necessary regardless of the field. These skills include the ability to solve problems and develop effective solutions by identifying issues with current practices or procedures. Business analysts must also be adept at improving processes and identifying inconsistencies or inefficiencies in business practices, and suggesting actionable steps to address them.
Communication skills are crucial, as analysts need to be able to present complex data and findings in a way that stakeholders can understand. Strong critical thinking skills are also important given the need to process large amounts of complex information. Finally, effective project management is essential for business analysts to plan and implement change, which involves coordinating with various teams and stakeholders, ensuring everyone is working towards the same objectives and managing timelines, budgets, and priorities.
5. Does business analytics have scope in India?
Business analytics is a rapidly growing field in India, with a bright future ahead. There are several factors contributing to this growth, such as the increasing use of data-driven decision-making in businesses, the growth in the number of businesses in the country due to its growing economy, the digital transformation of various sectors, and the Indian government’s promotion of analytics and various initiatives to develop the analytics ecosystem in the country. These factors are driving the adoption of business analytics tools and the hiring of professionals with the necessary skills to analyze and interpret data in India.
Businesses in different industries have a strong need for business analysts who possess the skills to examine data, recognize trends, and take action based on their insights, with a particular emphasis on the IT field. Nevertheless, companies can still enhance their performance and productivity by applying methods and tools of business analytics, regardless of whether they belong to the IT sector or not.
Having the necessary skill set and a commitment to ongoing learning can help boost your career as a Business Analyst. In other words, remaining updated and continuing to up-skill is essential for sustained career growth in these professions. Hence, check out the list of institutes offering Business Analytics courses for beginners as mentioned above, and choose as per your requirements and skills.