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Business analytics (BA) helps improve the operational efficiency of organizations for better business decisions by transforming data into significant insights. Artificial Intelligence (AI) plays a crucial role in modern business analytics as it helps businesses identify trends and disparities within data to forecast patterns or risks. Businesses, including banks and financial services, use AI to optimize their financial operations and investment strategies.
Incorporating AI into business analytics has increased the requirement for BA professionals to combine advanced technology with businesses to help them thrive in the industry. An MSc in Business Analytics is a program designed for students and professionals to gain the knowledge and skills required to excel in data-focused business decisions.
The post further explores AI’s importance in advanced business analytics and the way AI is reshaping business analytics career paths.
Business analytics (BA) is the process of refining data to gain insights from them and use that understanding to make better business decisions. BA uses data analysis, data visualization, machine learning (ML) methods, and other technical business skills to transform data to help with business verdicts. The integration of AI into business analytics supports businesses in using ML algorithms to recognize complex patterns of data and gain insights from them across varied data sources.
Using AI analytics allows an in-depth understanding of data and compares irregularities in them to generate helpful insights into business operations. By combining AI with business analytics, professionals can learn and familiarize themselves with varying metrics patterns to detect exact deviations. This helps reduce incidents of false alerts bringing only the critical ones to the surface through real-time business incident detection. In other words, business analytics powered by AI helps find solutions faster to let businesses grab the best opportunities.
AI is transforming business analytics by automating data-driven decision-making, providing predictive insights, and improving overall efficiency. AI’s influence on business analytics jobs enhances roles like data collection, pattern recognition, predictive modeling, and reporting. It also helps business analysts share improved solutions from available alternatives. Powered by AI, BAs can assess scenarios to choose the best one for businesses to make better decisions and foster success.
AI has a huge positive influence on the job roles of business analysts for effective performance and fruitful results. Tableau, Qlik, BlazeSQL, Knime, Akkio, Spotfire, Power BI with Azure AI, and Julius.AI are some worthwhile AI tools to explore.
Generative Artificial Intelligence is reshaping tech jobs and increasing their requirement across industries with India’s workforce predicted to rise to 457.62 million by 2028. Sectors like retail, manufacturing, and healthcare where business analysts are in high demand are among the leading ones.
Here are some emerging positions to look forward to for AI and Business Analytics career impact:
As per a report by Ernst & Young (EY) India, Artificial Intelligence is set to reshape 38 million jobs in India by 2030. This prediction is strong enough to ensure business analytics roles changing with AI and to emphasize the importance of Generative AI (GenAI) to transform the economy and workforce.
Having good knowledge of AI is becoming all the more important for BAs to help them use AI tools to gain data-focused results for better business decisions. The integration of AI into Business Analytics programs is reshaping career paths for graduates and professionals, allowing them to stay competitive. Those with expertise in AI and business strategies are in demand across sectors like healthcare, retail, logistics, manufacturing, pharmaceuticals, sports, media, consulting, and real estate.
Also, with AI gaining prominence among businesses, the roles of business analysts are changing. The emphasis has now shifted more to strategies for results than to numbers. This changing scenario is likely to continue, which is expected to change the roles of BA professionals in the future.
Emerging opportunities to explore for business analytics professionals include Business Intelligence Analyst, Supply Chain Analyst, Data Analyst, Financial Analyst, HR Analyst, Market Research Analyst, and Operations Analyst, among others. With experience, these professionals can also apply for leadership positions like project manager, product manager, consultant, and more.
BAs need several skills to stay relevant with business analytics roles changing with AI. These skills ensure easy handling of tasks and efficient problem-solving. Some of these skills, which are a mix of technical and non-technical expertise, are mentioned below:
Training and upskilling are crucial for business analysts to stay relevant and updated with the current requirements. Upskilling through certifications and programs allows students and professionals to gain new and advanced know-how to face challenges in their new roles and responsibilities.
The online Master of Science in Business Analytics (MSc-BA) from Manipal Academy of Higher Education (MAHE) is a professional program to build expertise among learners in data analysis, visualization, ML, and several other key tools to enhance business performance. The curriculum covers varied topics to impart business analytics skills for AI-driven markets and boost expertise in in-demand tools to keep up with industry trends. The program is designed to prepare candidates to make data-driven decisions for a successful career across industries. They also gain the prestigious MAHE alumni status.
An online MSc in Business Analytics (MSc-BA) from Manipal Academy of Higher Education available on the Online Manipal portal is gaining immense recognition among professionals as a specialized program to establish successful AI reshaping business analytics career paths. The MSc-BA program helps candidates acquire in-depth knowledge of machine learning methods, data analysis, data visualization, and other business analytics skills for AI-driven markets to elevate careers in today’s job market.
Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.
Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.
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