Take a Course in Business Analytics Online
Data is vital for businesses to make informed business decisions. The world of business is rapidly changing, and they need to be able take these decisions based on reliable data. Business analytics tools like forecasting and predictive modeling allow organizations to discover opportunities for growth, improve operational efficiency and much more.
Business analytics is a discipline that is focused on the analysis, and interpretation of historical and current data to predict the future trends. This helps inform decision-making. It involves the use of tools such as predictive modeling as well as data mining and forecasting simulations, as well as developing visualizations of data to present the results in a simple digest format. Business analysts also rely on their communication skills to effectively communicate their results and findings to employees and managers.
A report for 2020 by NewVantage Partners found that a firm’s ability to implement business analysis techniques was the most important element in their success and future competitiveness. Many companies aren’t certain how to use data-driven approaches to increase business performance and profit margins.
Business analytics professionals can aid companies streamline their processes and improve efficiency by identifying bottlenecks, inefficiencies and areas to improve. They can also use analytics-driven information to develop marketing strategies to increase sales.
You’ll develop the knowledge you need to be a data-driven leader by taking an online course in business analysis. This online course will show how to analyze, extract, and visualize data through interactive classes, real-world projects and case studies. You’ll also learn how to use the essential tools of the trade, such as SQL, Python and Tableau, and develop your skills in key areas such as visualization of data. You’ll be able to interact with Harvard faculty members and classmates through live classes, virtual office hours, and networking events.