Business Analysts Course in Malaysia : A Perfect Career Option

Business analysts help in unearthing the market demands by decoding patterns and trends in the industry out of gigantic piles of data. This is achieved by using the business intelligence, data analytical skills and expertise in handling technology. They help in finding patterns in customer behavior that guides in developing strategy for the future. Their insights can help big corporate houses, Government agencies, entrepreneurs, and startups in understanding the needs of the time.

According to a research by Interactive Data Corporation, the unstructured data will reach to 40 zettabyte by 2020 and 163 zettabyte by 2025. These figures are sufficient in themselves to understand the need of experts to handle this data and reveal valuable outputs. Even political parties are heavily relying on data scientists to plan their election campaigns in order to cajole maximum people.

What is business analytics all about?

Understanding the nature and needs of a business: Before starting your analysis, it is most important to understand the business completely and what it wants to achieve. This helps in formulating the real problems a business is facing in order to find solutions to them.

Understanding the relationship among different factors: In this part, you again analyze the problem in reference with various factors playing their role. You figure out those factors and their implication on output. This helps in defining the metrics of success rate of your proposed model to solve the problem. 

Handling data in the right way: You select the right sources of data and analyze them. At the same time, you keep on doing the cleaning part of the messy data for making things simpler for the future and once done with that, you study the relationships between your data and document them.

Selecting methodology and building multiple models: Next, you select the method to analyze your data (we have discussed the different methods of analysis in the later part of this article) depending on which you formulate different models and test their success in solving the problem.

Deploy the models for their validation: Validating the model for examining their accuracy is very important. After validation, you can deploy the model on the system of company and perform analysis of all new data coming. You need to monitor the model constantly to keep an eye on its accuracy.

Different methods of analytics

Descriptive analytics: As the name suggests, descriptive analytics involves describing and summarizing the raw data in order to make it comprehendible by a normal human. This can roughly be described as finding the past trends.

Prescriptive analytics: this part answers the question, “what must be done now?” It suggests various possible solutions for a problem and helps in deciding the best course of action. It is a relatively new field in analytics that uses simulation and optimization algorithms to find different course of actions. 

Predictive analytics: It is all about forecasting the outcomes of different strategies and helps in taking necessary precautions to minimize the loss, if any. It helps in judicious use of resources and avoids wastage.

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Collaborate with the business analytics online course to transform your career in the market. Our cutting-edge technology, experienced teaching team, alumni base, partnership with leading global companies, outstanding placement records has made us stand way ahead of others. 

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