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    Data Analytics Skills For Managers

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    mayankchomal261

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    Data Analytics Skills For Managers

    Uploaded by

    mayankchomal261
    43 views10 pages

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    Data Analytics Skills for Managers

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    43 views10 pages

    Data Analytics Skills For Managers

    Uploaded by

    mayankchomal261

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 10

    NOPANY INSTITUTE OF MANAGEMENT STUDIES

    Mayank Chomal
    Roll Number :- 15005022008
    BBA 504(A)

    DATA ANALYTICS SKILLS


    FOR MANAGERS
    Topic:-

    Role of data analytics in


    business
    Summary
    Role of Data Analytics in Business
    •Introduction to data analytics and its importance
    •Overview of how data analytics is utilized in various business sectors
    •Key insights into the benefits and applications of data analytics in modern
    business operations
    INTRODUCTION
    Introduction to Data Analytics

    •Definition: Data analytics involves the process of examining raw data to draw conclusions and
    identify patterns. It uses mathematics, statistics, and machine learning

    •Historical Context: The exponential growth of business data in the 21st century has
    significantly changed data handling, leading to the evolution of big data analytics.

    •Current Landscape: With advancements in technology, data analytics has become crucial for
    business decision-making and strategy formulation.
    OBJECTIVES
    Objectives of Studying Data Analytics in Business

    •To understand the critical role data analytics plays in business decision-making

    •To explore different types of analytics and their specific business applications

    •To analyze the benefits of incorporating data analytics into business strategies
    FINDINGS
    Key Roles of Data Analytics in Business

    •Improved Efficiency and Productivity:Streamlining operations by identifying bottlenecks and optimizing


    processes.

    •Faster, More Effective Decision-Making: Using predictive analytics to forecast trends and make informed
    decisions.

    •Better Financial Performance: Enhancing financial analysis and risk management through advanced
    analytics.

    •Identification and Creation of New Revenue Streams: Discovering new business opportunities and
    customer segments through data mining.

    •Improved Customer Acquisition and Retention: Personalizing marketing efforts and improving customer
    satisfaction using CRM analytics.
    CONCLUSION

    •Recap: Data analytics is essential for modern businesses to remain


    competitive and innovative.

    •Transformative Impact: Data-driven insights lead to better decision-making,


    operational efficiency, and customer satisfaction.

    •Continuous Evolution: As technology advances, the role of data analytics will


    continue to grow, necessitating ongoing adaptation and investment in analytics
    capabilities.
    Recommendations
    •Invest in Modern Data Infrastructure: Adopt big data
    analytics platforms to handle large volumes of data efficiently.

    •Train Workforce in Data Literacy: Equip employees with skills


    in data analysis and interpretation.
    •Integrate Data Analytics with Business Strategy: Align
    analytics initiatives with strategic business goals.
    •Utilize Advanced Analytics Tools: Implement tools like
    Python, R, Tableau, and Power BI for robust data analysis and
    visualization.
    •Focus on Data Governance: Ensure data quality, privacy, and
    security through comprehensive data governance frameworks.
    Appendix

    References:

    •Gartner reports on analytics


    acceleration due to the COVID-19
    pandemic.

    • Informatica and SAP insights on


    big data, business intelligence,
    and predictive analytics.
    THANKYOU

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