About Data Panacea India Pvt. Ltd. in Y-A Block, APMC, Near RTO, Sector 19B, Vash, Navi Mumbai (New Mumbai)

Business Analytics refers to skills, practices and techniques used in converting data into knowledge that aid business decision making. This discipline consists of an understanding of:

The storage and retrieval of data
Statistical & quantitative analysis techniques
The use of the above analysis to aid decision making
It was the role of the Systems Analyst that has evolved into that of a Business Analyst. This role encompasses beyond document processing to an ability to apply technological expertise. While the Systems Analyst belonged to the IT department, Business Analysts can now be found in a number of places in organisation structures:

Within the IT department acting as a conduit to and from the business
Within individual business units with responsibility for identifying business needs
Within a change management department managing change across the business.
Hence, Business Analysts not only have to understand retrival of information and anlysis but must also must understand business, be great communicators, problem solvers, thinkers and analysers – with the ability to understand and respond to user needs in rapidly changing business environments.

THE INDUSTRY

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.

BUSINESS ANALYTICS OPPORTUNITY

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 Rs. 5,59,746.