How You Can Make an Impact with Business Analytics

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Business analytics is impacting companies of all sizes, as they scramble to hire talented people who can analyze and communicate Big Data findings and trends. These findings can ultimately improve company processes while also maximizing positive employee and customer experiences. As you work toward your online Master of Business Administration, it’s important to understand the value of data analytics to your education and future career:

Uses of Big Data

Some of the most prevalent uses of big data include:

  • Improving the customer experience
  • Predicting demand, pricing and maintenance
  • Improving internal employee operations and HR

Business analytics can be used to improve both internal operations and external touch points with customers. Making smarter decisions starts with the analysis of Big Data.

Emerging and Evolving Employment Opportunities

According to the U.S. Bureau of Labor Statistics, there will be a 34% increase in statistician jobs from 2014 to 2024, which is 28% higher than the average. Now more than ever, companies are looking for employment candidates who are not only analytics experts but also who can communicate with other aspects of the organization. Some roles that might emerge or evolve as a result of this growing need include:

  • Citizen data scientist
  • Internet of Things Specialist
  • Data orchestrator
  • Data hygienist
  • Paraprofessionals in analytics
  • Machine teacher
  • CIO
  • CTO

To learn more about the power of analytics for both businesses and future leaders, view the infographic below:

 

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