Business analytics and data science both are the emerging technologies and anticipated to grow at a pace that is ‘way beyond imagination’ – this is what most of the prominent surveys and reports suggest. In such a scenario, a course that perfectly amalgamates the modules of business analytics and data science is no less than a boon to students aspiring for a fast-track and future-proof career.
A big ‘YES’ is what strikes the mind of an industry-expert immediately when he comes across the question, “can a course in Business Analytics and Data Science carve the right career path for you”. Indeed, both data science and business analytics open up multiple career avenues and pave the way to promising growth in career. This is an age of fierce competition, and students who want to stay ahead in the race will definitely land a desirable career after pursuing such an exclusive program that comprises learning of both data science and business analytics.
Let’s understand with some real statistics testifying the growth aspects in both these fields.
Business Analytics – Growth Prospects
In 2019, the global business analytics market size was USD 67.92 billion, which is anticipated to reach USD 103.65 billion from 2020 to 2025. It means merely a whopping Compound Annual Growth Rate (CAGR) of 7.3% just in five years, which is no less than tremendous. The giant conglomerates like Microsoft, Oracle, IBM, SAP, and sas are seen as the major contributors to the growth of business analytics.
Business Analytics – Job Market
A buzzworthy survey by Forbes unveiled that by 2025, the organisations will need analysts to analyse over 150 trillion gigabytes of data. As stated earlier, the global market revenue size is forecast to reach over USD 100 billion. This whole mathematics loudly says that the job market for business analysts is going to expand drastically in the coming times.
Data Science – Growth Prospects
Clive Humby, the man behind the first mass customisation loyalty program, i.e. Clubcard once quoted “Data is the new oil for all industries”. His words proved right when 89% of businesses from different domains reported they would have gained an edge over competitors if they could use data appropriately. In 2018, the companies across the globe used a data of 33 zettabytes which is estimated to touch 133 zettabytes by 2025. It shows the sea of opportunities data science is going to create.
Data Science – Job Market
The Harvard Business Review termed data science as ‘the sexiest job of the 21st century’ back in 2012. As per speculations by the U.S. Bureau of Labor Statistics, the data science job market will grow by 28% through 2026. Indeed – a renowned job portal revealed that the number of job postings grew by 256% from 2013 to 2018. Need for expertly analysed data amid organisations is the most determining factor why data science job opportunities are growing like gangbusters.
Below image helps you get a sneak peek into salary insights of data science experts in the U.S.:
How do Data Science and Business Analytics complement each other?
Students seeking jobs in data science or business analytics must be thinking that pursuing either of courses will unlock their way to growth. But these fields complement each other in different ways. An analytics-enabled data science job is much more rewarding than the profile of a data analyst. On the other hand, since 2018, businesses have exposed to the need for smart data recovery and interpretation of useful data from humongous piles. Hence, the role of business analysts now demands analysing and interpreting massive volumes of data. Earlier the traditional methods Business Intelligence (BI) would leave 80% of data underutilised.
Have a look at the below image how blending data science and business analytics helps in growth:
The image shared above clearly says that analytics-enabled job market is expanding in giant strides in comparison with regular data science-related jobs.
What should be the ideal take of wanna-be data science experts?
Students aspiring to become data analyst should go for one course, which helps them learn the ABC of Data Science and Business Analytics altogether – right from fundamentals to the advanced level concepts. Pursuing both the courses is not only a time-consuming affair but also confuses the students with unorganised learning. Hence, students should focus on imbibing the skills of data science and business analytics in one course.
How ISBR, Bangalore shows you the way to growth?
ISBR, Bangalore offers PGDM in Business Analytics and Data Science which is a 2-year programme aligned with the modern industry practices. A pool of faculty from industry and academia focuses on nurturing the students with industry-specific skills. This program is accredited by NBA (National Board of Accreditation) and has gained immense industry recognition.
Are you fit for PGDM in Business Analytics and Data Science?
You don’t need to have a technical background to pursue this program. Just a simple graduation degree in any stream with 50% marks (45% in case of SC/ST) is good to go for this growth-oriented program. Also, you should obtain a good score in any of the ISBR aptitude test / GMAT/CAT/XAT/MAT/CMAT/ NMAT/ATMA/KMAT/PGCET to prove your competency and fit-ability for this program.
Career avenues after PGDM in Business Analytics and Data Science
This course unlocks numerous career options for students aspiring to make a stable place in the world of data analysis. You will be acquiring positions like:
- Solutions Architects
- Information Security Analyst
- Management Analyst
- Quantitative Analyst
- Data Scientist
- IT Business Scientist
- Data Analysts and many more
Now you know very well how a course that blends the learning of data science and business analysis can transform your career miracul
About ISBR
ISBR Business School, Bangalore based, Top Class B School for PGDM or MBA, Consistently ranked as best B School in India, AICTE-CII Platinum Catagory , with multiple specializations.
ously. If you find yourself fit for this program, then gateway of growth is waiting for you at ISBR.