The rise of growing concern among users regarding privacy has led governments from different countries to devise regulations to check the misuse of users’ information. While the European Union introduced the General Data Protection Regulation (GDPR), India tabled Personal Data Protection Bill (PDP) 2019 on 11 December last year in the Lok Sabha. The idea behind such bills is to fortify the exploitation of critical information of citizens at the same time allowing Analytics professionals to make solutions leveraging data for simplifying the life of users.
However, to ensure organizations do not misuse users’ data, the Indian government has included laws that will penalize the solution providers in case of data privacy breaches. Consequently, data-driven firms are getting critical of the ways information is being used at every step of the development cycle. This has led the firms to hire business analyst professionals who can ensure compliance while making business strategies using users’ information.
The datasets, if provided by them, can be used by city planners to devise a healthy flow of traffic in the Indian cities. Other facets of implementation can be seen in other Indian sectors like health care. So, organizations must focus on the developing requirements – this also where Business Analysts enter the stage.
Now, the question of “what is business analytics?” is shifting towards the scopes it offers. The anticipated growth of BA as a niche in the Indian context also leaves aspirants to look for rewarding business analytics certification courses. Here are some of the trendiest job profiles one can come across after a BA course:
Driving Insights With Data To Make Public Schemes
PDP will act as a foundation for the government and companies alike in building products while abiding by the rules. This will bring trust among users about how the data is being used. Such a framework will enable organizations in collaboration with governments to derive insights into non-personal data to provide various public services. For instance, the healthcare industry can use data from electronic health records (EHRs) to find insights and determine trends, which can then be used for assisting the government in making public health schemes based on rising health issues.
Today, to deliver such insights and trends, companies need to ensure that data is being used in a way that doesn’t breach the privacy of users. Therefore, organizations are looking for proficient business analytics professionals to streamline their workflows and generate meaningful insights from the data available.
India is slowly becoming the repository for the analytics discipline. With a market pool that makes India the second-biggest analytics hubs followed by the US, it is clear that this figure will double to 2 lakhs from 97,000 in 2020. India also accounts for one in 10 advanced business analytics job profiles across the globe.
Analytics discipline is garnering its much-needed traction with the dominant adulation of business analytics in India’s core industries – triggering a hiring spree in IT, Finance, and Start-Ups. As the tech wind grows exponentially, more scope of business analytics is generated. With the onset of a diversified portfolio, IT giants are strutting into the PaaS and SaaS arena, which specifically require analytics-ready professionals.
When there is any undeterred growth and mobilization in the analytics department, several colleges and institutes are offering some of the best business analytics courses in India. About $36 Billion in revenues is generated in India’s Data Analytics industry and it is growing at the healthy rate of about 20%.
Depending on the percentage of analytics adoption in India, the business analytics salary will differ. For instance, in 2020, Bangalore and Delhi NCR constituting about 55% of the overall Indian analytics market. So, a fresher business analyst starting at Delhi NCR would have a tentative business analytics salary package of 4.5 LPA.
Organizations Can Make Use Of Data Held By Governments
Every second, a colossal amount of data is being created, and it is envisioned that information will only grow in the coming years. Organizations are moulding users’ data for gaining insights and providing bespoke solutions to diverse customers’ needs. Thus, data has become the driving force for businesses right from finance to retail and healthcare sectors.
Organizations can today make use of government data for creating effective strategies and public schemes around data. For one, tech companies can use transportation data available with governments to optimize the schedule of public buses and reduce traffic congestion in cities. Besides, financial data from public banks can be used with machine learning models to quickly open up the line of credit for users by analysing customers’ historical data, thereby eliminating the need for dated pen and paper approach.
According to the World Economic Forum, it is estimated that every day 463 exabytes of information will be generated globally by 2025. To handle and analyse a plethora of data, governments and organizations will have to work in tandem to gain insights and making informed decisions. Consequently, organizations are seeking business analysts who can assist them in making new strategies that would bring value to users at the same time help in business growth. Therefore, obtaining business intelligence knowledge is of paramount importance for aspirants to receive desired job offers.
The accompanying question post-PDP era should not fixate on “what is business analytics?” but more on what’s in it. As the government aims to use private data to shape public policy, the private sectors are going to play a key role in this reformation. Companies like Uber, Ola, Google are storehouses of immense data sets that reflect on the literal landscape of Indian cities.
Consumers will always look for the next-big-think when they have options to choose from. Such an instance leaves a void which can be compensated by BA with their tools and statistics to decode key insights. So, Business Analysts are the key players in keeping the concerned companies retain a competitive edge across industries.
Importance Of Business Analytics Course
Understanding the requirements of various organizations, AnalytixLabs offers a broad spectrum of courses to empower professionals/aspirants in managing and analysing data to get actionable insights. The curriculum is designed by experts who come with deep industry experience to ensuring the training is comprehensive and easy to understand.
For instance, AnalytixLabs’ Business Analytics 360 Course helps beginners to learn the ropes of analysis through Excel, SQL, and Tableau, before moving on to advanced tools and techniques like statistical analysis and machine learning with Python & R.
The Business Analytics Course also includes real-world projects that test the skills of students. This helps aspirants to showcase their capabilities in solving complex problems to recruiters; organizations seek candidates who can differentiate themselves by doing complicated projects. This list covers some of the best business analytics courses in India with business analytics certification for freshers and professionals alike.
- AnalytixLabs – Offers classroom bootcamps and fully interactive online business analytics courses in India with business analytics certification for aspirants looking to prosper as a business analyst. The training duration of this course is 450 hours (At least 150 hours live training + 48 hours e-learning module + around 10 hrs of weekly self-study and practice).
- Indian School of Business (ISB), Hyderabad – This program is handy for freshers and working professionals alike. The course is structured around alternate month classes with online sessions. This course will bag aspirants’ hands-on experience with a 3-6 month project post-completion.
- Indian Institute of Management (IIM), Bangalore – They offer a wide coverage of all the essential analytics tools and pedagogies, offering one of the top business analytics courses in India. This is a year-long course that includes SPSS, R, SAS, EMiner, and Qlikview.
- Indian Institute of Technology (IIT), Kharagpur – They offer a 2-year business analytics certification course taught over three campuses – IIM, IIT, and ISI. The program is jointly operated by the top three Indian institutions – IIT Kharagpur, IIM Calcutta, and ISI Kolkata. This course manages to hit the sweet spot for aspirants looking to launch a lucrative career as a business analyst.
- Praxis Business School, Mumbai – They offer a 9 months course on business analytics and data science. This is a full time course that introduces candidates to various analytics techniques using R, SAS and MongoDB, making it stand amongst the popular Business Analytics courses in India.
Unlike most of the business analytics courses in India, AnalytixLabs offers 150 hours of classroom and fully interactive online training, which makes learning more experiential for students. Besides, aspirants get to learn some of the most in-demand data science techniques like supervised learning, unsupervised learning, natural language processing, text mining, and more. Especially when the world is witnessing an increase in unstructured data, such techniques have become vital for aspirants to differentiate themselves from others.
The demand for a competent Business analytics course online is increasing due to the more and more organizations seeking services of business analysts professionals. However, aspirants should assimilate the difference between available programs in terms of the techniques taught and the quality of projects. Most of the courses available in the market use e-learning platforms only, offering lessons on Excel, dashboards, among others, but do not teach machine learning techniques. AnalytixLabs goes a step ahead and covers a wide range of tools and techniques for aspirants.
With the PDP bill, organizations are becoming extra cautious and hiring business analysts who are proficient with many data science techniques and not just visualizations. As a result, aspirants should be critical of the business analytic courses and enroll in the one, which can enable them to manage the entire data lifecycle within organizations, including data privacy.
To respond to the rising demands of employees in this spectrum, ed-tech companies and institutes alike are offering programs to fulfil critical career competencies like ML, AI, Business Analysis, Data Science, et al. The vast range of business analytics course online offers a better scope of business analytics jobs, addressing all levels of requirement and skills. From short business analytics courses online for managers to some of the best business analytics courses in India, the aspirants are getting a comprehensive understanding of analytics and data science. All you need to do is visit AnalytixLabs, and find the most suitable Business Analyst course for yourself to engage and grow in.