India has become an absolute hub for all those foreign companies looking to find one of the best outsourcing places. The rapid developments in the field of business analytics shall change the world of businesses; as well as business models; and help them improve exponentially too.
About MIT Madras
Indian Institute of Technology Madras is one among the foremost institutes of national importance in higher technological education, basic and applied research. The Institute has sixteen academic departments and a few advanced research centers in various disciplines of engineering and pure sciences, with nearly 100 laboratories organized in a unique pattern of functioning. Foreseeing the future of analytics industry, Both BSE Institute and IIT Madras endeavor to provide world-class education to the students through collaborative programs that shall lead to opportunities of joint research and facilitate industry exposure for students of both the institutions.
Keeping up with the trends
If you want to succeed in any industry, you need to study newer trends & improvise in your processes. There is practically no sector which has remained untouched from the reach of business analytics. Data analysts, with the right set of skills and expertise; are in demand in a wide range of industries where businesses are realizing the potential of enabling analytics in their organization.
The application of Business Analytics in the world
The use of business analytics has grown exponentially in all areas, including financial services, healthcare, government, retail, e-commerce, media, manufacturing, and the service industry. This has led to an increase in the demand for employees with an analytical approach to management who can utilize data, understand statistical and quantitative models, and are able to make better data-driven business decisions.
The Business Analytics Program at MIT Madras
In association with Centre for Continuing Education – IIT Madras, Executive Program in Business Analytics enables working professionals with in depth understanding of the key technologies used in analytics, viz. data mining, machine learning, visualization techniques and statistics. The program is designed on a schedule that minimizes disruption of work and personal pursuits, spread over one year (part-time) focusing on overview of the field of analytics so that you can make informed business decisions.
The Analytics Industry in India
India’s analytics industry is currently estimated to be $2.03 billion annually in revenues & it is expected to nearly double by 2020, a study conducted by Analytics India Magazine and AnalytixLabs has found. Thus, it is set to bring equal opportunities for all – starting from fresher to experienced professionals in the space.
To enable working professionals with in depth understanding of the key technologies used in analytics, viz. data mining, machine learning, visualization techniques and statistics. This course describes how one can turn the sheer complex data into a competitive advantage with the efficient use of Business Analytics & thereby fostering / supporting the decision making.
One year duration I 2 Semesters I Alternate Weekends session