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Introduction To Business Analytics

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33 views

Introduction To Business Analytics

Uploaded by

Mihir Sansare
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Introduction to

Business Analytics

Dr. Sameer Rohadia


Data Analyst & IT Trainer
Hannover, Germany
Brief Profile Dr. Sameer Rohadia
• Bachelor of Electrical Engineering and MBA (IT specialization) from M. S. University of Baroda.
• Ph.D. in ERP implementation from Gujarat Technological University, Ahmedabad.
• Master in Data Science from Bologna Business School, University of Bologna, Italy.
• 20+ years of Corporate and Business Management teaching experience in reputed Institutes / Universities
within Germany and India.
• Last assignment as Content Manager (Training & Community) in Continental AG, Hannover,
Germany.

• Currently, working as IT Trainer & Data Analyst (Freelancer) in Hannover.


• Successfully conducted 40 Webinars / Workshops in last 6 months and trained 3,850+ professionals, faculty
members & students in the area of Big Data, MS Power BI, Tableau & MS Excel.
• Microsoft Certified Power BI Professional, Tableau Desktop Specialist, Certified Google Analytics Professional,
Professional Scrum Master & Product Owner, & Certified IT Services Management Professional.

• Visited 15 European countries till date.


• Consul of Hannover Professionals Networking Group of Internations, Hannover.
• Life Member of Baroda Management Association and Indian Society for Training & Development.
• Received 5 awards for teaching excellence from institutes of repute.
Introduction to
Business
Analytics
What is Business Analytics?

• It is the use of data, information technology, statistical


analysis, quantitative methods and mathematical or
computer-based models to help managers gain
improved insight about their business operations and
make better, fact-based decisions.
What is Business Intelligence?

• Howard Dresner of Gartner Group in 1989 coined the


term BI.
• He defined BI as “a set of concepts and
methodologies to improve decision making in
business through use of facts and fact-based
systems”.
Difference between BI and BA

Business Intelligence Business Analytics

Involves the process of collecting


Analysis of the answers provided
data from all sources and preparing
by BI.
it for BA.

Answers “Why it happened” and


Answers “What happened?”
“Whether it will happen again?”

Includes reporting, automated


Includes statistical and quantitative
monitoring and alerting,
analysis, data mining, predictive
dashboards, scorecards, and ad
modeling and multivariate testing.
hoc query.
Types of Analytics
Introduction to
Big Data
Internet of Things (IoT)
Growth of IoT
Types of Data
Big Data is….

…..defined as a term which handles the combination


or also single parts of Volume (high amount of data
which is exponentially rising), Variety (all kind of
data sources) and Velocity (fast data up to real-time
streaming) of data with cost-effective, innovative
forms of information processing to enable enhanced
insight, decision making and process automation.
Characteristics of Big Data
7 V’s of Big Data
10 V’s of Big Data
Artificial Intelligence | Machine Learning | Deep Learning
Data Sources for Big Data
Data Warehouse

According to William H. Inmon, “A data


warehouse is a subject-oriented, integrated,
time variant and non-volatile collection of data
in support of management’s decision making
process”.
Data Mining

It is a process that uses a variety of data


analysis tools to discover patterns and
relationships in data that may be used to
make valid and accurate predictions.
Big Data
Application
Areas
Big Data Applications in Retail
Big Data Applications in Retail

Source: https://techvidvan.com/tutorials/big-data-retail/
Big Data Applications in Banking and Financial Services
Big Data Applications in Insurance

Source: https://www.allerin.com/blog/4-big-data-use-cases-in-the-insurance-industry-you-should-know-about
Big Data Applications in Forensic Science
Big Data Applications in Police Department
Predictive Policing
Big Data Applications in Healthcare
 Patients Predictions for an improved Staffing

 Electronic Health Records (EHRs)

 Enhancing Patient Engagement

 Using Health Data for informed Strategic


Planning

 Predicting diseases like Cancer & Diabetes

 Telemedicine
Source: https://www.datapine.com/blog/big-data-examples-in-healthcare/
Types of Roles
Major Job Roles
Who are Data Analysts?

• They are experienced data professionals in


their organization who can query and
process data, provide reports, summarize
and visualize data.

• Tools used: MS Excel, SQL, SPSS, SAS,


MS Access, Power BI, Tableau etc.
Who are Data Engineers?

• They are data professionals who prepare the “big


data” infrastructure to be analyzed by Data
Scientists.

• They are Software Engineers who design, build,


integrate data from various resources and
manage big data.

• Tools used: Hadoop, SQL, NoSQL, Hive, Pig,


programming etc.
Who are Data Scientists?

• Someone who can turn raw data into


purified insights.

• They apply statistics, machine learning and


analytic approaches to solve critical
business problems.

• Tools used: Python, R, Scala, Apache


Spark, Hadoop, Machine Learning, Deep
Learning & Statistics.
Top Big Data tools
Top Data Visualization tools
Hello Barbie?
Dr. D. J. Patil
Dr. D. J. Patil
Indian
Analytics
Market
Overview of Indian Data Analytics Industry

• Analytics market in India currently valued at $ 3.03


Bn.

• Market growing at 26% CAGR.

• Employs 120,000 people currently.

• 600 companies, out of which 400 are startups.

• Sector benefited: Retail, Banking, Insurance,


Telecom, Healthcare, Manufacturing, Professional
Services.
Future of Data Analytics in India

• India currently among top 10 big data analytics


markets in the world. Target to be among top 3
markets in next three years.

• Analytics market expected to double by 2025.

• India will have 32% share in global market.

• Increased demand in industries such as Banking,


Financial Services, Insurance, Retail, Telecom,
Healthcare etc.
Famous Big Data Startups in India
European
Analytics
Market
Data Analytics Opportunities in Germany
E-Mail : [email protected]

Whatsapp No : +91 98257 63751

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