Leveraging Analytics in Business
“Every business is an analytics business, every business process is an analytics process and every person is an analytics user” – GartnerIntelligent decision making & algorithms drive business excellence. Companies are experiencing a sensational transformation in their businesses by drawing insights from data in solving business problems & in optimizing various processes. Artificial Intelligence has brought phenomenal changes in almost all areas of business & society, including predicting crime in metropolitan cities, efficient & effective operations in logistics & transportation, detecting fraud while handling customers, managing risk in insurance, managing inventory, predicting patients’ illness, improving customer relationship, creating brand through social media, managing demand in energy sector and so on. Disruptive data-driven models & competences are reshaping the organizational performance in a phenomenal way.
Business Analytics is the combination of skills, technologies, applications and processes used by organizations to gain insight into their business based on data and statistics and use it for business planning. Business analytics can be implemented in any department from HR and Finance to product development; to sales and customer service. Business analytics solutions typically use fact-based data to measure past performance to guide an organization’s business planning. In this age of technology, companies gather massive amount of data. Analytics helps the organization to address, explore and a number of questions regarding their business which in-turn help them to take business decisions. It also brings in a lot of improvements in the organization like improved profits, increased growth, reduced overheads, increased customer loyalty, better return on investment, predict employee attrition, improve employee performance, detect fraud, predict risk etc.
On a day-to-day basis, data is generated everywhere like buyer preferences in ecommerce sites, customer ratings of products, user reviews of hotels etc. Companies will have a competitive advantage if they efficiently use the data to predict customer behavior, customize offers and rates of products and services and much more.
The IBM ICE Digital Badges are a new online standard to recognize and verify skills acquired throughout the learning process. Each badge contains verified metadata describing your qualifications and the rigorous process necessary to earn them. A Digital Badge can be posted on Social and Professional Networking sites as well as in one’s digital signature.The badge earner has good Critical Thinking, Visual modelling and Analytical skills and therefore can apply Predictive, Social, Web & Mobile analytics to business situations to define business Solutions. The individual has a good knowledge of Data Warehouse, Multidimensional modelling, Big Data and Hadoop and also the usage of several Analytical Tools.
The entire 16 months journey has completely transformed our people. The Convocation Ceremony was the icing on the cake and our folks appreciated it. Most importantly our employees were very happy. We need to continue the program.
I would sincerely thank you all for a wonderful session, and our 1st association with WeSchool has been wonderful. I am sure participants have learnt a lot from this. I have personally enjoyed every bit of it.
The GLP-2 Program was another success and my hearty congratulations and thanks to you and your wonderful team, for such a lovely experience. It will interest you to know, that since returning, we have already had confirmation from the Australian Department of Employment that they would like to send couple of Participants to the 2017 GLP India. Here’s to a successful 2017!
We have been associated with WeSchool for the last couple of years and its very heartening to see this association grow rich every year. We started the Management Programs for the Biocon executives, with an objective of nurturing our star performers and to groom them into future leaders. We strongly believe that 80% of our senior leadership should be from within the organisation and I am very pleased to see that 45% of the last batch of FCM students has got promoted to Managerial roles. I am really thankful to WeSchool team for this transformation. It’s a great motivation for the future batches
Prof. Dr. Uday Salunkhe
Group Director, WeSchool Eisenhower Fellow
Dr. Anil Rao Paila
Senior Dean & Director, Bangalore
Prof. Dr. Madhavi Lokhande
Dean – Bengaluru Campus
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