MANAGING in the

NEW WORLD

Date: 1st Feb 2012 Seminar on “Scope of Business Analyst in the Modern World” :sm
Location: Skyline Business School-Gurgaon Campus
Speaker: Mr.Saurabh Jain-Senior Consultant

The speaker for the seminar was Mr. Saurabh Jain, on the topic- Business Analytics. Mr.Saurabh is a B.com graduate from Bhagat Singh college and holds a degree in M.B.A (Finance) from FMS . He has a valued work experience and is also a faculty at FMS. Mr.Jain has started his own venture called “The concepts tree” which aims at applying the managerial concepts, terms and jargons on the basis of experience gained by an individual.

Business analytics (BA) refers to the skills, technologies, applications and practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using a consistent set of metrics to both measure past performance and guide business planning, which is also based on data and statistical methods.

Business analytics makes extensive use of data, statistical and quantitative analysis, explanatory and predictive modeling, and fact-based management to drive decision making. Analytics may be used as input for human decisions or may drive fully automated decisions. Business intelligence is querying, reporting, OLAP, and “alerts”.

In other words, querying, reporting, and alert tools can answer questions such as what happened, how many, how often, where the problem is, and what actions are needed. Business analytics can answer questions like why is this happening, what if these trends continue, what will happen next.
In India, there is a wide scope for the job of business analysts and the seminar helped us know the requirements and the profile required to be one. All in the entire seminar was highly informative.
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Compiled by- Nandini Prasad (MBA- First Year Student Student)

 

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