Business Analysis is a rapidly growing area in the world. Due to the drastic improvements, it can have on organisations. This brings a huge demand for Business Analysts in all industries and sectors.
Course Benefits: This course on Business Analysis will show you the role and responsibilities of a Business Analyst along with details on the Business Change Lifecycle and the Business System.
This course is an introduction to the Business Analyst role and how it fits into the bigger picture of Business Analysis and the business change lifecycle.
Basic Business Analytics with Spreadsheets (Microsoft Excel & Google Sheets) teaches students the basics of business analytics, its importance in the present-day global digitalized economy, and how it could be applied in the real world to solve business problems. It introduces students to the world of data, types of data, and how business data could be analysed to propel data-driven decisions.
The second aspect of the course focuses on the fundamental tools of business analytics, the spreadsheets– Microsoft Excel and Google Sheets. Spreadsheets are foundational to business analytics, as bricks and mortals are foundational to building and construction. Thus, the course teaches students how to enter data into spreadsheets, format them, sort data to get data ready for analysis. You will also learn how to perform calculations, create insightful charts and visualizations with data using spreadsheets.
This course is foundational to a later course, where students will learn the fundamentals of databases. How vital they are to the roles of business analytics. Students will learn the programming language of databases-SQL (Structural Query Language). SQL is the most popular programming language for databases used to query, retrieve and manipulate information from databases.
The Business change life cycle
The Business system
The responsibilities of a Business Analyst
Investigating business situations
Identifying and evaluating options for improvement
- Anyone who wishes to learn about Business Analysis
- Anyone who wishes to learn about the role of a Business Analyst
What I will learn?
- The global economy is fast migrating from spatial to digital at an unprecedented rate. The key beauties of the digital economy are: borderless, the internet, and ICT (Internet Communication Technology)-driven and knowledge-based. To remain in business, competitive or relevant businesses- and even individuals- have to embrace digitalization. Businesses–––as well as individuals––– are interacting with their environments and stakeholders, such as customers, investors, and associates using social media and other ICT interfaces. In consequence, as businesses and people continue to embrace digitalization, enormous data—giving rise to big data– is generated. On the other hand, experiences from big tech global firms such as the Facebook (Meta), Google, even successful brands such as Coca-Cola showcased how data could be skillfully analyzed and employed to promote profitable data-driven decisions.
- Several publicly available facts have reinforced the usefulness of data in business decision-making and business intelligence. Data has been successfully used to provide a forecast for future growth opportunities for businesses. Armed with these facts, businesses embrace service optimization to achieve the best possible of their potential. Data are used to successfully predict weather changes in meteorology. The use of data seems to know no end. Thus, there is an ever-increasing demand for skilled data experts and business analysts; as the world has appreciated and accepted the magic solutions in data. The demands for data analysts increase faster than the rate at which the world consumes data.
- Global data consumption rate––a metric for the total volume of data/information created, captures, copied, and consumed worldwide–– was 41, 64.2, and 79 Zettabytes for 2019, 2020, and 2021 respectively (Statista, 2022). While subject matter experts in data analytics say only less than 5 % of the global data are subjected to data analytics. Meaning, there are increasing demands for experts or entry-level professionals who could turn the vast resources of data available into insights for profitable decision making.
- A recent study established that 59 percent of firms globally engage in big data analytics. Digital, and especially data, technology has grown beyond the supply of qualified individuals. Accordingly, a McKinsey study predicts that the number of business analytics jobs in the US alone will go beyond 490,000 but there will be fewer than 200,000 available data analytics professionals to fill these positions. It is projected that the number of data analysts' roles will continue to increase by 26% a year in year out through 2026.