MBA in Business Analytics - Career in strategic business management using analytics & data science



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Business Analytics refers to skills, technologies, and practices for continuous exploration of past business performance to gain insight for strategic business planning.

Business analytics focuses on understanding business performance based on data and statistical methods.

Analytics is the systematic computational analysis of data or statistics.

Analytics is helpful for the discovery, interpretation, and communication of meaningful patterns in data.

Analytics relies on statistics, computer programming, and operations research to improve business performance.

Big Data refers to data sets that are too large or complex for traditional data processing application software.

Data with many fields offer greater statistical power, while higher complexity may lead to a false discovery rate.

Data Analysis is a subset of data analytics that focuses on understanding data, data preparation, modeling, evaluation, and deployment for analytics.

The Big data analysis challenges include capturing data, storage, processing, visualization, etc.

Business Analytics comprises strategies and technologies used by enterprises for data analysis and management of business information to identify and create new business opportunities.

Business intelligence functions include interpretation of big data, reporting, online analytical processing, dashboard development, data mining, business performance management, and predictive analytics.

Organizations gain competitive market advantage and long-term stability by implementing effective strategies using business analytics.

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