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Business Analytics

Introduction

Business analytics is the combination of skills, technologies, applications and processes used by organizations to gain insight in to their business based on data and statistics to drive business planning. Business analytics is used to evaluate organization-wide operations, and can be implemented in any department from sales to product development to customer service.

Business analytics solutions typically use use data, statistical and quantitative analysis and fact-based data to measure past performance to guide an organization's business planning.

The Business Analyst is an agent of change. Business Analysis is a disciplined approach for introducing and managing change to organizations, whether they are for-profit businesses, governments, or non-profits. As business analysts, we identify and define the solutions that will maximize the value delivered by an organization to its stakeholders. Business analysts work across all levels of an organization and may be involved in everything from defining strategy, to creating the enterprise architecture, to taking a leadership role by defining the goals and requirements for programs and projects or supporting continuous improvement in its technology and processes.

Business analytics is a fast growing field and there are many tools available in the market to serve the needs of organizations.

Here is a list of some of the popular analytic tools used in the business world:-  

Ms-Excel
Almost every business user has access to MS Office suite and Excel. Excel is an excellent reporting and dash boarding tool. For most business projects, even if you run the heavy statistical analysis on different software but you will still end up using Excel for the reporting and presentation of results.

SAS
SAS is the 5000 pound gorilla of the analytics world and claims to be the largest independent vendor in the business intelligence market. It is the most commonly used software in the Indian analytics market despite its monopolistic pricing. SAS software has wide ranging capabilities from data management to advanced analytics.

Hadoop
Hadoop is an open-source software framework for storing and processing big data in a distributed fashion on large clusters of commodity hardware. Essentially, it accomplishes two tasks: massive data storage and faster processing.
In simple terms Hadoop is a free, Java-based programming framework that supports the processing of large data sets in a distributed computing environment.
For starters, let's take a quick look at some of those terms and what they mean

  • Open-source software. Open source software differs from commercial software due to the broad and open network of developers that create and manage the programs. Traditionally, it's free to download, use and contribute to, though more and more commercial versions of Hadoop are becoming available.
  • Framework. In this case, it means everything you need to develop and run your software applications is provided – programs, tool sets, connections, etc
  • Distributed. Data is divided and stored across multiple computers, and computations can be run in parallel across multiple connected machines.
  • Massive storage. The Hadoop framework can store huge amounts of data by breaking the data into blocks and storing it on clusters of lower-cost commodity hardware.
  • Faster processing. How? Hadoop processes large amounts of data in parallel across clusters of tightly connected low-cost computers for quick results.

Under Hadoop there are two verticals, they are :-
Hadoop Development

Hadoop Developer Training provides developers to :-
  • Understand Big Data,
  • Understand various types of data that can be stored in Hadoop
  • Understand core concepts of Hadoop eco-system - HDFS & Map Reduce frameworks
  • Understand to write complex Map Reduce programs
  • Understand how to Set up a Hadoop cluster
  • Understand how to Perform Data Analytics using PIG & HIVE
  • Understanding of Zookeeper service like maintain configuration information, naming, providing distributed synchronization & group services

Hadoop Administration

This module gives a clear understanding of Hadoop Cluster setup and Hadoop Administration

Career Path of Business analyst
ERP System