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We Impact Stories: Infosys – JMLP ( Junior Management leadership Program)

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OVERVIEW

The Junior Management Leadership Program is designed to assist Junior Managers to move up from Junior Management positions to Mid-Management positions in Infosys BPO. The course focuses on competencies in management and equips learners with skills that are required in Junior Management fields.

SUCCESS STORY OF INFOSYS

Infosys BPO, a 100% subsidiary of Infosys Ltd is one of the largest BPO’s in the country. The current revenues of the company stand at $800 million. Weschool, Bangalore started its Management Development Centre in October 2007. Prof. AKN Prasad joined Weschool as the Head of the Centre with a mandate to build and grow the center’s activities. Prof. Prasad had garnered comprehensive operational knowledge of the challenges faced by BPO’s and their entry-level executives with his experience at Optimus – a Polaris BPO company which he headed before joining WeSchool. Prof. Prasad approached the Infosys BPO with a plan to create an Executive Program to help develop their entry-level executives, the Infosys BPO accepted the proposal and provided a contract for a 16 to 18 month, 400-hour Management Program called JMLP (Junior Management Leadership Program), based on the course structure and design provided by MDC under Prof. Prasad’s guidance. The idea behind the program is to control attrition, provide holistic management education to graduates and build a mid-level leadership pipeline in the organization. The two initial batches were launched in February 2009 at their Bangalore center. The 3rd and 4th batch were launched 6 months later at their Pune center. There have been continuous launches of JMLP programs ever since. JMLP graduates have performed very well in their assigned roles and have also moved up the corporate ladder to assume greater responsibilities. JMLP, designed and delivered by MDC WeSchool is one of the biggest success stories in the corporate executive development program.[/vc_column_text][/vc_column][/vc_row]

Top 10 applications of Artificial Intelligence

[vc_row][vc_column][vc_column_text]Artificial Intelligence or AI is being utilized in our daily life and has made a huge influence in the field of technology. Artificial Intelligence is intelligence demonstrated by machines or computer systems in a way that humans do, in terms of thinking, reasoning, learning and self-correction. AI systems are designed to intelligently trade stocks or operate an autonomous vehicle, in today’s times. The most prominent types of Artificial Intelligence that have been influencing the rise in technology are Machine Learning (ML) and Deep Learning (DL). There are numerous sectors where Artificial Intelligence is applied.

Let’s take a look at the top ten applications of AI.

  1. Retail Industry: E-commerce sites are adopting Deep Learning (DL) to help shoppers to easily find what they want to purchase. Online shopping today is a popular and easy mode of shopping for anyone who is able to access to the internet and can operate a smart phone, tablet or a computer. Online shopping websites use Artificial Intelligence (AI) to provide recommendations for the next purchase, depending on previous purchases made by the customer, through algoriothms and search patterns. With the help of AI, online shopping can be made more personal and exclusive. Amazon is planning to use this technology in its new Amazon Go grocery stores.
  2. Entertainment Industry: AI technology is applied to optimize video fluency and definition. Online media streaming or video-on-demand services have a built-in AI feature, where recommendations are given to the customer depending on the type of media that has been streamed before or the type of movies watched earlier.
  3. Automotive Industry: In recent times, Artificial Intelligence is severely being used for automotive industries across the world. The Automotive industry has developed numerous advanced features through the use of AI. Features such as self-parking, blind spot monitoring and voice recognition are aided by the use of AI. Apps like Uber, Ola and commercial flights that use autopilot are the best example of sectors where AI is being effectively implemented.
  4. Healthcare Industry: Artificial Intelligence (AI) helps to analyze data and reports from a patient’s file to help select the customized treatment. IBM Watson was developed as a question-answering computer, which has advance AI capabilities such as natural language processing, automated reasoning and others. IBM Watson’s first commercial application is its use in utilization management decisions for lung cancer treatment at Memorial Sloan-Kettering Cancer Centre.
  5. Manufacturing Industry: Big companies like GE and Siemens are majorly focused on applying Artificial Intelligence to create a comprehensive manufacturing process. The manufacturing industry may be considered as the first use case for the application of AI, using robots for assembly, packing and the likes.
  6. Online Customer Service: AI in the customer service space is currently being used to handle some of the monotonous work and is making it easier for human agents to deal with the more difficult issues. These systems are able to handle more requests without human involvement as they have ability to learn by themselves. Several websites today offer the possibility to chat with customer service representatives. Most of the times these are not human, but chat bots that are trained to respond and extract information based on the customer’s query.
  7. Home Appliances: All smart home appliances which incorporate Internet of Things (IoT) technology make use of AI. The smart home appliances learn the usage pattern of the user over a period of time and then operate themselves through simple commands. One of the examples of AI integrated home appliances is Amazon’s Alexa – the virtual assistant developed by Amazon.
  8. Smart Phones: Virtual personal assistants such as Siri, Google Now, Google Assistant and Cortana are few examples of AI implementation in smart phones. These virtual personal assistants help you dial a number, locate your favorite restaurant, etc.
  9. Banking and Finance: ICICI Bank has been experimenting with AI, through which their email bot sorts out customer and distributor emails, based on the status of transaction. Robots utilizing AI are quicker at data crunching to provide forecast using market data. Applications would include indicating change in stock trends, managing finances and recommendation of which stocks to buy or sell depending on the customer pattern of purchases or sale.
  10. Journalism: News channels and news reporting companies use AI to prepare simple reports on sports and elections which otherwise would be a time consuming exercise. Media houses like the BBC, The New York Times and The Washington Post have been integrating AI into their newsrooms.

In the twenty-first century, AI techniques have experienced a revival following current advances in computer power and AI techniques have become an essential part of the technology industry to help solve numerous challenges and problems in computer science. Artificial Intelligence is also predicted to grow its influence in the coming years in technology. Because of the ever growing rise in the advancement of technology, tech companies all over the world are now hiring people who specialize in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. There is a dire requirement to fill in the gap with people who are knowledgeable and experienced in these topics. People are now opting for courses and programs that train them on Artificial Intelligence skills.

One such Business school that provides excellent courses on Artificial Intelligence is WeSchool, Bangalore. WeSchool (Welingkar Institute of Management) is one of the best B-schools in Bangalore, India that carter to a 3-day course in Artificial Intelligence, Machine Learning and Deep Learning for corporates, top level management, mid to senior level management, business owners, leaders, working professionals and entrepreneurs. WeSchool, Bangalore  is a renowned business school that provides the best PGDM and leadership courses in India. To know more about the course details and our campus at Electronic City, Bangalore, please log on to the WeSchool website https://www.welingkarexedp.com/[/vc_column_text][/vc_column][/vc_row]

How will Artificial Intelligence change the way you lead

[vc_row][vc_column][vc_column_text]In recent times, the buzzword in terms of technology is Artificial Intelligence (AI). It simply means that a machine or software can exhibit intelligence that almost simulates the cognitive functions of the human mind, in terms of problem solving and learning. Artificial Intelligence is already being implemented in different sectors of our day to day life and has impacted the current technology as well. The best examples of AI in our daily life that most people are familiar with, are personal assistants on your smart phones like Google Now, Google Assistant, Siri and Cortana. Apart from these, AI has had a huge influence on things like spam filters on emails, smart categorization of emails, detection of network intruders and preventing the data breach, apps like Uber and Ola, commercial flights that use AI autopilot, among many others.

Artificial Intelligence will also change the way we lead in ways that were unimaginable a few years ago. The image of an artificial life taking over your job can be threatening for some people. However, like everything else, it is a part of evolution in the world of technology. As new technologies and Artificial Intelligence ar implemented in the workplace framework, there are better opportunities to make the workplace more efficient. Productivity levels will automatically increase as time and energy will not be consumed over daily, mundane, sub-standard tasks. Leaders will have to decide which tasks are meant for the AI in the organization, thereby making the employees with more time available for complex jobs that require more productivity, strategy, design and implementation.

Artificial Intelligence, however, is not a replacement for human knowledge and originality of thoughts and ideas. AI is rather a supporting tool for the humans that will help us to work efficiently and productively. Since AI is proficient at processing and analyzing data far more quickly than a human brain can, we can use AI to help understand possible consequences of each action and make the decision-making process smooth. Leaders and executives from any industries need to keep on adjusting and upgrading their skills with the advancement of technology and will need to be open about the notion of incorporating Artificial Intelligence as a part of their corporate lifestyle.

The advancement of technology and the realization of the significance of AI has made organizations implement it in their hiring process as well. Organizations all over the world are now hiring their employees who specialize in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. Tech companies are investing in AI financially in terms of educating and training their employees to become specialists in these subjects. As there is a dire requirement to fill the gap with people who are experts in Artificial Intelligence, Machine Learning and Deep Learning, people are now choosing courses and programs that can train them for learning this technology.

If you’re looking for a renowned business school that provides top-notch courses on Artificial Intelligence and other Leadership & Management Development Programs, one such business school is WeSchool, Bangalore. Popularly known as WeSchool, Bangalore – Prin. L.N. Welingkar Institute of Management Development & Research is one of the best business schools in Bangalore, India that caters to 3-day course in Artificial Intelligence to working professionals, leaders, corporates, entrepreneurs and business owners. WeSchool, Bangalore delivers the best PGDM, corporate leadership programs and Data Analytics courses in India.  They also provide Design Thinking & Innovation Program, Corporate Training Programs, full time and part time MBA for working professionals in Bangalore.  With WeSchool, Bangalore, the best b-school in Bangalore, India, you’ll get an opportunity to learn about Artificial Intelligence, Machine Learning, Deep learning and much more.

To know more about the course details and our Bangalore campus at Electronic City, please log on to the WeSchool website https://www.welingkarexedp.com/[/vc_column_text][/vc_column][/vc_row]

Top 4 reasons why HR Analytics is a good career choice

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HR Analytics is rapidly changing the way HR policies work in any organization. If you’re wondering why that’s important, analytics helps an HR professional to make better decisions using data, test the effectiveness of business cases created for HR interventions, become tactical and be a strategic partner. HR Analytics has become crucial over the last few years, which is why more companies are looking for skilled HR professionals who can take up responsibilities within an organization, make better and efficient decisions for the betterment of the company, report data to predict actions and suggest logical solutions to problems. There is a high demand of HR Analysts in the industry who can utilize the skills of a data scientist without losing the human touch. The profession is in a growing need of people who have the enthusiasm and knowledge in this field.  Since there is a huge demand of HR Analytics experts that can help the organizations with their knowledge, people are now opting for courses and programs that help them to be the best in this domain.Here are top 4 reasons why you should think about switching your career to an HR Analyst:

  1. You get to make improved hiring decisions

If you are thinking about taking up Human Resource as a career or if you’re already in the field as an HR professional, having knowledge about HR Analysis can take you to new heights. HR Analysts analyze the existing compiled data that the organization possesses, which makes them aware of the skills required from an employee for the specific role. With the help of analytics, HR Analysts learn more about the candidates and their background, thereby assisting them to select better candidates.

  1. You get to help employees to increase their performance

HR Analytics helps to improve the employee training programs with the use of data collected from the organization, thereby determining suitable training programs that can develop employee skills. Surveys can be conducted that help HR Analysts to gain information about the reasons why an employee leaves a company. After analyzing the information, HR Analysts use it to increase employee retention and boost the employee’s morale.

  1. You get to help the organization to grow

Training programs are essential for the development of the employees, which results in making a positive impact on the organization. However, some poor decisions and sub-standard processes of training can lead to unsuccessful outcomes and can increase the budget, thereby costing the company gravely. HR Analysts are an asset to the HR team who can make better use of the data and analytics, thereby increasing the employee’s performance and taking the company to new heights.

  1. You get an influential & secure position

The position of HR Analysts in an organization is not only a sound position but is also very influential. They have in-depth knowledge about the challenges faced by the companies and have a deep understanding about the requirements of the organization. HR Analysts make high level decisions that are strategically focused with the use of data and analytics, giving significant impact to the organization.

HR Analytics makes the best of data science without losing focus on the human values. As the industry is booming right now, it is the best time to consider HR Analytics as a career. If you’re looking for a renowned business school that provides top-notch courses on HR Analytics and other Leadership & Management Development Programs, one such business school is WeSchool, Bangalore. Popularly known as WeSchool, Prin. L.N. Welingkar Institute of Management Development & Research is one of the best business schools in Bangalore, India that caters to a 2 day Management Development Program on HR Analytics, which trains mid, senior and top level corporate HR professionals on how to analyze and draw insights from HR related data. Non-HR professionals can also benefit from the program as it would help them to understand and appreciate the impact of HR decisions in terms of overall business. WeSchool, Bangalore delivers the best PGDM, corporate leadership programs and Data Analytics courses in India.  They also provide Design Thinking & Innovation Program, Corporate Training Programs and part time MBA for working professionals in Bangalore.  To know more about the HR Analytics course details, please log on to the WeSchool website https://www.welingkarexedp.com/mdp-on-hr-analytics/

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How a Business Analyst can add value to your organization

[vc_row][vc_column][vc_column_text]Business Analytics (BA) is the statistical study of business data. With the advancement in technology, computer science and internet, Business Analytics has become crucial for any organization. It is not a new concept and has been used ever since the late 19th century, yet we see many small organizations functioning without Business Analysts as a part of their team. However, when a company starts to expand and grow, the company requires Business Analysts who can help the organization to make feasible changes, improve and achieve the company’s goals. The role of a Business Analysts is to make substantial use of statistical analysis, which includes fact-based management, predictive and explanatory modeling that will help to drive decision making. A Business Analyst should be able to understand business performance that is based on data and statistics. A Business Analyst is responsible for introducing, managing and promoting the necessary changes to your business model that will help implement cost-efficient solutions.

With the use of analytics, a Business Analyst can guarantee for successful projects that will benefit the organization. Having a Business Analyst in your team will help the Project Manager make sound decisions, ensuring to keep the project on the right track without the chance of failure. A Business Analyst, with the help of data analysis will be able to recognize which projects are better for the organization in terms of meeting the criteria and objectives of the organization and have least chances of being unsuccessful.

Another primary function of a Business Analyst is that they help to reduce the company’s costs by lowering the costs of the future projects. They can ensure that the company doesn’t misspend any unwanted finance on projects that can be done within a reasonable budget. With the help of Business Analytics, the company will have least number of project reworks, thereby saving the company from making financial losses. This will also save the company from wasting time and energy, which will assist the company to focus on projects that have more significance and can deliver better outcome.

Business Analysts are the people who are the prime link between the project teams and the stakeholders. They provide and communicate information between the two parties, which will make the work go smoothly without any miscommunications and delays. A Business Analyst will also ensure that complete and apt business requirements are fulfilled by the analysis of data during the initial phase of the project, which will help decide what steps are suitable and can be implemented appropriately throughout the entire process of the project. This will again ensure fewer chances of reworks and unnecessary spending on projects can be dodged.

One of the key components of a Business Analyst’s job is to ensure that Return On Investment (ROI) of the organization is met. ROI is the ratio between actual worth of the investment made by the organization and the profit that is gained from the money that is invested. With the help of data analysis, a Business Analyst will work on increasing the benefit that can be resulted by the investment and at the same time will work on decreasing the cost to implement it. A Business Analyst will find better ways to implement cost-efficient solutions by making necessary changes according to the company’s needs. This will ultimately increase the ROI of the organization.

The technology is improvising each day and organizations are opting to hire employees who specialize in the area of Business Analytics among others. Because of this, people are now looking for courses and programs that can train them in these skills. If you’re looking for a renowned business school that provides excellent courses on Business Analytics and other Leadership & Management Development Programs, one such business school is WeSchool, Bangalore. Prin. L.N. Welingkar Institute of Management Development & Research, popularly known as WeSchool, Bangalore is one of the best business schools in India that caters to 10 months (long term) and 3 days (short term) course in Business Analytics, which trains business executives, managers, corporate leaders, research scholars and entrepreneurs on how to use analytical tools & techniques in various business scenarios. WeSchool, Bangalore delivers the best PGDM, leadership courses and data analytics courses in India. They also provide Design Thinking & Innovation Program, Corporate Training Programs and part time MBA for working professionals in Bangalore. To know more about the Business Analytics course details, please log on to the WeSchool website
https://www.welingkarexedp.com/business-analytics-longterm/[/vc_column_text][/vc_column][/vc_row]

Basics of Business Analytics

[vc_row][vc_column][vc_column_text]Business Analytics (BA) is not a new concept and has been used ever since the management exercises were started by Frederick Winslow Taylor in the late 19th century. In the simplest sense, Business Analytics is the statistical study of business data. Statistics is a collection of methods for planning experiments and obtaining data. After that comes the task to organize, summarize, present, analyze, interpret and draw conclusions to understand hidden trends. Business Analytics is related to management science. The prime goal of Business Analytic is to understand business performance that is based on data and statistics. Business Analytics makes substantial use of statistical analysis, which includes fact-based management, predictive and explanatory modeling that helps to drive decision making.

Though Business Analytics has many practical applications, the top four industries that apply the concept of Business Analytics are Finance, Technology, CRM/Marketing and Retail. Online retail giants like Amazon use Business Analytics to access a vast amount of data on its customers such as names, addresses, payments and search histories which are all filed away in the data bank. This, in turn allows Amazon to give quick and efficient customer service experience. Another big company is the fast-food giant McDonald’s, that relies on Business Analytics to customize services to diverse populations internationally. Even the farmers are opting what is termed as ‘smart farming’ in which they make use of Analytics to monitor the impact of sun, water and fertilizers on the crops and learn how they can make the harvest better. Business Analytics has also predicted the effectiveness of converting manpower to robots. Unlike Data Science, Business Analytics does not involve much coding and is more statistics oriented. As we can witness the major developments in recent times, with the use of Business Analytics, businesses can expect a drastic change in the way data is analyzed. Business Analytics offer employees a huge scope to learn and improvise themselves.

Whether it’s determining the food choices for popular food chains or helping farmers supply food for human consumption, Business Analytics is a cutting edge concept that helps major corporations plan for the consumer. Business analysts apply their knowledge and understanding of statistical analysis on a huge variety of subjects like education, public health, biology, economics, engineering, medicine, psychology and marketing. What the business analyst primarily does is, help businesses implement technology solutions in a practical and profitable way.

Business Analytics is predicted to grow its influence in the coming years in the field of technology. Business Analytics is an exciting field and a good career choice for those who are interested in shaping the direction of consumer choices. The profession is in a growing need of people who have the enthusiasm and knowledge in this field. There is a huge demand for Analysts who can make sense of data and steer the business into a constructive direction. Business analysts are high in demand as there’s a global talent shortage. The technology is improvising each day and organizations are opting to hire employees who specialize in the area of Business Analytics among others. Because of this, people are now looking for courses and programs that can train them in these skills.

One such renowned business school that provides excellent courses on Business Analytics is WeSchool, Bangalore. Welingkar Institute of Management Development & Research, popularly known as WeSchool, is one of the best business schools in India that caters to 10 months (long term) and 3 days (short term) course in Business Analytics, which trains business executives, managers, corporate leaders, research scholars and entrepreneurs on how to use analytical tools & techniques in various business scenarios. WeSchool, Bangalore delivers the best PGDM, leadership courses and data analytics courses in India. To know more about the Business Analytics course details, please log on to the WeSchool website https://www.welingkarexedp.com/business-analytics-longterm/[/vc_column_text][/vc_column][/vc_row]

How HR Analytics can add value to your organization

[vc_row][vc_column][vc_column_text]Human Resource Analytics or HR Analytics focuses on ‘whys’ and what will happen next in an organization, after analyzing the data that has been collected. The HR Analysts collect data and study the information that is related to jobs, employee issues, costs and recommending further action or providing suggestions that can affect a business or organization. In a small company, the term ‘HR Analytics’ isn’t a familiar one yet. But as a company grows and expands, the HR professionals needs to have a basic understanding of how to assign the responsibilities of the HR department within the company. This is where the role of an HR Analysts comes in. HR Analysts is responsible for hiring, building a team, evaluating the employee’s work performance and finding suitable replacements for employees that are not fit for the job. They are also responsible for implementing new and better policies for employees regularly based on numerous parameters. Many HR Analysts use a computer software package called Human Resource Information System (HRIS) which helps them to manage their data more efficiently and accurately.

With the help of HR Analytics, HR professionals can make improved hiring decisions. HR professionals can now use the historical data of the organization to make better choices in terms of hiring new employees. HR Analytics helps to make predictive analysis better and prevents them from making mistakes, as it can assist the HR professionals recruit better candidates. It helps them to learn more about the candidates and their background through the available online data and social media channels. An HR professional analyzes what personality tests and skill tests and assessements are needed in order to select better candidates, according to the existing compiled data that the organization possesses.

Training programs are essential for the development of the employees, thereby making a positive impact on the organization. However, some poor decisions and sub-standard processes of training can lead to unsuccessful outcomes and can increase the budget, thereby costing the company gravely. HR Analytics helps an HR professional to improve the employee training programs after determining suitable training programs that can develop employee skills. They may conduct surveys that help them gain information about the reasons why an employee leaves a company. They then analyze the information and use it to increase employee retention and boost the company morale.

HR Analysts are an asset to the HR team who can make better use of the data and analytics, thereby increasing the employee’s performance and taking the company to new heights. HR Analytics has become crucial over the last few years, which is why more companies are looking for skilled HR professionals who can take up responsibilities within an organization, make better and efficient decisions for the betterment of the company, report data to predict actions and suggest solutions for the problems. There is a high demand of HR Analysts in the industry who can utilize the skills of a data scientist without losing the human touch.

Popularly known as WeSchool, Prin. L.N. Welingkar Institute of Management & Research is a renowned business school in Bangalore that provides top-notch courses on HR Analytics. WeSchool, Bangalore, is one of the best business schools in India that caters to a 3 days Management Development Program on HR Analytics that trains mid, senior and top level corporate HR professionals on how to analyze and draw insights from HR related data. Even the non-HR professionals can benefit from the program as it would help them to understand and appreciate the impact of HR decisions in terms of overall business. WeSchool, Bangalore delivers the best PGDM and Corporate Leadership Training Programs in Bangalore. To know more about the HR Analytics course details, please log on to the WeSchool website https://www.welingkarexedp.com/mdp-on-hr-analytics/[/vc_column_text][/vc_column][/vc_row]

HR Analytics – An Overview

[vc_row][vc_column][vc_column_text]HR Analytics (Human Resource Analytics) is the field of analytics that applies analytic processes to the HR department of an organization which helps to improve employee performance, thereby getting an improved return on investment. HR Analytics not just gathers data on employee capability, but also provides insights into each and every process by gathering facts and data, then using it to make applicable decisions about improving these processes. Human Resource Management has changed in the past years. Since then, it has moved from an operational discipline to a strategic one. Human Resource departments have always been collecting huge amounts of HR data. However, the data can sometimes remain unused. By using HR analytics, HR professionals don’t need to rely on intuition anymore. With the help of HR Analytics, HR professionals make data-driven decisions. HR Analytics also helps to test the effectiveness of HR policies and helps to delve deeper into issues that surrounds these requirements. With the use of analytic processes, the managers are guided to gain insights from information that has been collected, make decisions and take appropriate actions.

There are basically four types of HR Analytics which are Descriptive, Diagnostic, Predictive and Prescriptive. These HR Analytics answer questions such as what happened, why it happened, chances of it happening in the future again and what can be done to prevent it. Each of these data points is critical to assemble, apprehend and proceed accordingly in order to effectively manage your workforce. Since data will continue being critically important in driving workforce decisions, it is crucial to ensure that the data is accurate and properly managed. It is also vital to know the basic types of data analysis which can be applicable to workforce information that adds value to your organization.

The duties of HR professionals vary according to their job titles. The chain of HR professionals starts from an HR Assistant or an Intern, HR Specialist or Generalist or Administrator, HR Manager, HR Director, VP of HR and Chief HR Officer. The HR Assistant takes direction from all the senior HR staff. The HR Specialist takes tasks within a range of focus areas and of varying complexities. The HR Manager manages the HR department and the staff, accomplishing high level of HR activities that is reserved for senior level staff. The role of an HR Director is very similar to an HR Manager. However, in smaller companies the HR director can report directly to the CEO. It is the VP of HR who makes high level decisions that are strategically focused, giving significant impact to the organization. Finally, there’s Chief HR Officer, who is in the highest position of the entire HR department and the staff, competent to make decisions and develop new HR plans that directly affect the entire company.

HR Analytics is rapidly changing the way HR policies work. HR Analytics helps an HR professional to make better decisions using data, test the effectiveness of business cases created for HR interventions, become tactical and be a strategic partner. These days, HR departments are generating more data than ever before, but at the same time struggling to turn their data into insights. The profession is in a growing need of people who have the enthusiasm and knowledge in this field. Since there is huge demand of HR Analytics experts that can help the organizations with their knowledge, people are now opting for courses and programs that help them be the best in these skills.

If you’re looking for a renowned business school that provides top-notch courses on HR Analytics, one such business school is WeSchool, Bangalore. Popularly known as WeSchool, Welingkar Institute of Management Development & Research is one of the best business schools in India that caters to 2 day workshop in HR Analytics, which trains corporate mid, senior and top level corporate HR professionals on how to analyze and draw insights from HR related data. Non-HR professionals can also benefit from the program as it would help them to understand and appreciate the impact of HR decisions in terms of overall business. WeSchool, Bangalore delivers the best PGDM, corporate leadership programs and Data Analytics courses in India. To know more about the HR Analytics course details, please log on to the WeSchool website https://www.welingkarexedp.com/mdp-on-hr-analytics/[/vc_column_text][/vc_column][/vc_row]

Upcoming Business Analytics trends for 2018

[vc_row][vc_column][vc_column_text]Business Analytics has become imperative in the last decade or so with the rise in technology, internet and computer science. Business Analytics (BA) is the practice of continuous investigation and exploration of an organization’s past data and past business performance to attain insights and steer the business planning of an organization accordingly. Business Analytics combines information technology, data and statistical analysis into one. Although Business Analytics has been in existence for a long time, it has recently evolved and improved with the rise of technology. Business Analytics not only helps recognize business opportunities through analyzing data but also helps in targeting customers better.

Each year we see how technology transforms and evolves and how Business Analytics trends changes alongside. 2018 is the year for clean, secure and high tech data that is combined with simple yet powerful presentation. Business Intelligence is bound to be highly customized this year. Artificial Intelligence, along with Multi-Cloud Strategies will boom. Here are some of the top Business Analytics trends to look out for in 2018.

Artificial Intelligence

Artificial Intelligence is a simple concept of machines being able to carry out tasks in a smart and in a way similar to humans. AI mimics cognitive functions such as learning and problem solving, that humans relate with other human minds. AI is a supporting tool for humans that will help us to work efficiently and productively. As AI is proficient at processing and analyzing data far more quickly than a human brain can, AI can be used to help understand possible consequences of each action and make the decision-making process fast and effortless. Machine Learning and Deep Learning, that are divisions of AI, have been implemented by a number of apps and corporations.

Natural Language Processing

Natural Language Processing (NLP) is one of the most important technologies of the information era. NPL is an area of Artificial Intelligence and computer science that concerns with the collaboration between computers and human languages or natural languages. NPL is particularly in terms of how to program computers to process and analyze large amounts of natural language data. The most prominent NLP application is machine translation which helps to overcome language barriers. NLP methods allow the non-programmers to communicate with the computing systems and gain vital information from it. Some of the common applications of NLP are text classification, spam filtering, voice recognition and speech to text among many others.

Data Governance

Data governance is the ability that enables an organization to be sure if high data quality is maintained throughout the whole lifecycle of the data. The main focus of data governance is usability, availability, data integrity, consistency and data security. It includes building processes, ensuring constructive data management throughout the enterprise. Data Governance also is accountable for the bad effects of poor data quality and also ensures if the data which an enterprise has can be used by the entire organization.

The Multi-Cloud Strategy

Multi-cloud is the use of multiple cloud computing and storage services in a single diverse structure. The Multi-Cloud Strategy is the use of numerous cloud computing services. The Multi-Cloud is a way to prevent data loss caused by a localized component failure in the cloud. Some organizations also use Multi-Cloud Strategies for data independence reasons. With the help of Multi-Cloud Strategy there is now the ability to avoid vendor lock-in, and the scope to find the optimal cloud service for a particular business or technical need.

Business Intelligence

Business Intelligence is a technology that gives past, present and future views of business operations. Business Analytics incorporates the strategies that are used by enterprises for data analysis of business information. Business Intelligence is used by organizations to support a huge range of business decisions, from operational to strategy. The potential use for Business Analytics extends beyond the usual business performance of better sales and decreased costs.

Business Analytics is predicted to grow its influence in the coming years in the field of technology. Since the technology is improvising each day and organizations are opting to hire employees who specialize in the area of Business Analytics among others, there is a dire need to fill the slots with people who can use their talents and knowledge in this subject. People are now looking for courses and programs that can train them in these skills. One such business school that provides excellent courses on Business Analytics is WeSchool, Bangalore. WeSchool (Welingkar Education) is one of the best business schools in India that cater a 10-weeks course in Business Analytics and much more, to graduates in any discipline. WeSchool provides the best data analytics courses in Bangalore. The program trains students how to use analytical tools & techniques in various business scenarios. To know more about the course details, please log on to the WeSchool website https://www.welingkarexedp.com/business-analytics-longterm/

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The importance of Business Analytics

[vc_row][vc_column][vc_column_text]Business Analytics is a discipline wherein unstructured business data is assimilated and organized before being precisely analyzed through a wide variety of statistical methods. Business analytics combines the study of information sciences and statistics to ensure that business decisions are made through a data driven approach. Today, organizations consider data as a prized asset and leverage the power of data and insights obtained from the data to their competitive advantage. While, the data used for analysis can be derived from a wide variety of sources, the challenge is to ensure how the data is used to formulate strategies for business success.

To understand the importance of the business analytics, it is also important to understand the scope of business analytics in terms its applications and usage. Business analytics as a discipline can be used to arrive at an analysis which may either one of the three viz. descriptive analysis, predictive analysis and prescriptive analysis. A descriptive analysis can help a company assess its market position which has resulted in decision made and implemented in the past. Thus, a descriptive analysis provides an insight into the past and present situation of a company. A predictive analysis helps a company assess past data and to draw a pattern which helps to identify risks and opportunities using the relationship of the data and various parameters. A prescriptive or decision analysis provides a data driven decision which also includes the possible outcome of the decision being taken.

With the understanding that business analytics helps decision makers in an organization to make an informed decision, the following points are the reasons why business analytics as a discipline is gaining so much importance.

  1. Cost Consciousness:

Insights received from business analytics related statistical analytics can provide a good overview of the financial position of the organization in terms of base working capital, cash flows and the like. While the concept of fail fast, fail cheap is well known, business analytics can quantify for an organization the definition of fast and cheap.

  1. Efficient decision making:

The data driven decision making ability provided by business analytics enables an organization to make decisions rationally and swiftly. Critical business operations of an organization can be monitored using the factual insights, thereby ensuring strategic and timely decision making.

  1. Customer Centricity:

Business Analytics insights allow organizations to use customer analytics to identify target customers, quantify customer acquisition cost and customer conversion costs, customer likes and dislikes, and many such customer driven parameters. This allow organizations to drive decision relating to providing hyper personalized products based on customer preferences.

  1. Competition Insights:

There is a high possibility that a highly personalized product may fail if an organization has ignored insights on the competition in the market. The data driven approach of business analytics helps organizations to identify and categorize competitors based on their strengths and weakness and further define risks and opportunities.

In today’s age of the digital and data driven economy, the importance of Business Analytics cannot be stressed enough. Business Analytics as a discipline is driving change in a large number of organization around the globe and changing decision making in an organization with a view on the inside as well as on the outside.

Weschool, Bangalore (Welingkar Insittute of Management) conducts a highly popular program on Business Analytics. To know about the details of the Business Analytics courses at Weschool – the best PGDM Institute in India, you can visit the website: https://www.welingkarexedp.com/business-analytics-longterm/[/vc_column_text][/vc_column][/vc_row]

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