Business Analytics For Problem Solving And Decision Making

In present complex and uncertain business environment, identification of problem and its timely solution requires effective decision making. Managers usually struggle in using available information and inputs for taking appropriate decisions. This training program is designed for employees managing the business and experiencing a need for business analytics. Business analytics, an undervalued area, recently picked up its pace, and have demonstrated impact of its use in the businesses and have completely changed the way the business is done in todays world. Organizations expect for the basic and advanced business analytical skills from their employee holding management positions in different department. The businesses look for hands on practice knowledge and experience for almost all type of profiles. This course is designed and meant to build a confidence in the managers to demonstrate the required analytical skills which can add value to the businesses, and enhance the profitability of the organizations.

Multiple international consulting companies have started a dedicated department on business analytics, and serve to the industry for multiple areas of consulting. Many industries have started operating with an in-house business analytics department, which controls the complete business data and work on it to find the additional value which can be added to their business, and achieve a competitive edge in the market place.

This training program offers hands on practice along with the analytics content. The Spreadsheet Analysis, Statistical Application Systems, Advanced Econometric models, Modeling Languages, Optimization Systems, Simulation Software Systems will be introduced during the session, and the participants are expected to work on the same rigorously. The idea is to make future industry practitioners i.e. current management charged with the practical tools and instruments which are commonly available in the field, but when they come across to these tools they find themselves handicapped to the effective use of it.

Module one: Introduction to Business Analytics; Descriptive Analytics

Introduction to Business Analytics for problem solving and decision making

Analytics on Spreadsheets; Basic and advance Excel: Excel formula, Pivot Table, Lookup, Data analysis Tools, Solver,

Data warehousing, visualization, exploring and descriptive statistical measures