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In the world of technology and business, data and decision-making are a virtually inseparable pair.Companies of all sizes, from small to medium-sized enterprises, luck 500 companies use data to target ads, predict customer performance, identify cost-saving strategies, and more.
By next year, McKinsey predicts, data will be used to optimize nearly every aspect of work. Problems that once might have taken years to solve can now be solved in days or even hours thanks to data.
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These rapid advances in technology are causing many business professionals to re-evaluate their skill sets and look at new role opportunities, with new roles such as chief data officer and chief AI officer emerging. It is designed to face the camera. And for those just starting out, ensuring you learn the latest skills that are in high demand is paramount to staying competitive and standing out among the hundreds of others interested in this field. .
According to the International Institute of Business Analysis’s 2023 Global State of Business Analysis report, entry-level business analysis professionals earn $57,693.
Business analysts are very important and needed in every company, said Yao Molin, chief technology officer at JLL.
“I think this is a very important role,” Morin says. luck. “One of the things I always tell my business analyst team is, ‘You are the face of the data.'”
Where can I learn business analysis?
For those interested in how business and data interact, thankfully there are many ways to dig deeper and develop better skills.
To get a high-level overview, a great starting point is to start by watching videos on platforms like YouTube and LinkedIn Learning, or explore basic courses offered on Udemy and Coursera.
If the data analysis aspect is most interesting to you, luck answered some frequently asked questions about the difference between data science and data analysis, and how to learn data analysis skills.
Otherwise, organizations like IIBA and Project Management Institute offer industry-recognized certifications to help validate your skills. This may be particularly useful for those with existing experience in business analysis or those who value self-directed learning. Keep in mind that testing alone can cost hundreds of dollars.
But for those who need a little more structure in their study and study, looking more deeply into courses and certification programs may be a good idea. Many Ivy League universities, typically home to the best business schools, offer part-time online certificate opportunities that don’t cost as much as a bootcamp or degree.
It’s not uncommon for business analytics schools to partner with companies, so the curriculum may not be as rigorous, so take each program with a grain of salt when doing your research. It’s important to analyze the program’s curriculum, instructors, goals, and even price and schedule to make sure everything aligns with your mission.
Under, luck provides a list of business analytics courses/certificates out there (for more, check out our ranking of the best online master’s degrees in business analytics).
Fee: $3,900
format: online
Timeline: 3 months (3-5 hours per week)
Course example: Spreadsheet data collection. Use prescriptive analysis in Excel; create and share interactive data models
Fee: $49/month (also part of Coursera Plus)
format: Online
Timeline: 6 months (10 hours a week)
Course example: Analyze data and answer questions. Process data from dirty to clean.Ask questions to make data-driven decisions
GreenFig: Business Analytics Certification Program
partner: Various universities including Texas Tech University, UNC Charlotte, University of Arizona, and University of Virginia.
Fee: $2,750 (discounts may apply)
format: online
Timeline: 10 weeks (6-8 hours per week)
Course example: Technical introduction: Data model. Learn the basics of SQL.AI and machine learning in business analytics
Fee: $1,750
format: online
Timeline: 8 weeks (5 hours per week)
Course example: Data description and summary.Hypothesis testing; single variable linear regression
Fee: $49/month
format: online
Timeline: 4 months (10 hours a week)
Course example: Excel basics for data analysis. Data analysis with Python; data visualization with Python
Fee: $2,600 (discounts may apply)
format: online
Timeline: 9 weeks (4-6 hours per week)
Course example: Lead with analysis. Linking analysis and action.Distinguish between good and bad analysis
Fee: $2,850 (discounts may apply)
format: online
Timeline: 9 weeks (6-8 hours per week)
Course example: Descriptive analytics: Gathering insights. Predictive analytics: tools for decision making.Applying analytics to business
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