HE INDUSTRY: Business Analytics
Most industry segments clearly recognize the value that Business Analytics can provide in not only driving compelling business solutions, but also in helping them to differentiate themselves to customers, investors and regulators.
The global Business Analytics is a USD 105 billion market, growing at a CAGR of 8%. India, with its surfeit of talent, has become the Analytics hub for organizations across the world. Large corporate like Walmart, Target, Citibank, ICICI Bank, Airtel, Vodafoneare increasingly adopting analytics in their processes. Consulting giants like PwC, IBM, Accenture, Infosys have large teams offering Analytics solutions to their clients. All of this translates into a huge global and domestic demand for Business Analytics professionals.
USINESS ANALYTICS: OPPORTUNITIES
According to market research firm International Data Corporation (IDC), the business analytics software market grew by 14.1 percent in 2011 and will continue to grow at a 9.8 percent annual rate, to reach $50.7 billion in 2016, driven by the focus on big data and so will be the need for Business Analytics professionals.
From a salary survey it is evident that Business Analytics is one of the highly paid Jobs available in market today. The median salary for these Jobs are as high as रू 5,59,746.
The use of Business Analytics is now not limited to only specifically Information Technology function/ Industry but widespread across all industries and functions namely E-commerce, Healthcare, Banking and Insurance, Biotechnology, Pharmaceutical, Fraud Management, Human Resource Management, Logistic-Inventory Management etc. In turn this has led to a tremendous pick to a number of jobs in the similar segments having a Business Analysis expertise. This has brought those who are in search of jobs into segments other then boring IT roles in advantage.
BUSINESS ANALYTICS: Roles