Myths About Business Analytics

4 Myths about Business Analytics

In India, business analytics is really a booming industry, and this has become possible for the recent rise of big data. Day by day companies are amalgamating more statistical data than ever and utilizing them to interpret many things about the company, and all with the help of business analytics.

So, you can see that this is the high time to ​ learn business analytics​ and shine in your career.

Being associated with a leading ​ business analytics training institute in Kolkata​ , I have come across various queries, comments and emails through which I have come to know that there are some myths about career in business analytics in people’s mind. That’s why I am here today.

If you go through this article, you will come to know about some common myths about business analytics and the truth behind them.

Engineering degree is needed for starting a career in business analytics

The truth is that it is not mandatory. You should have the capability to think structurally and perform back of the envelope calculations. However, companies prefer quantitative background of the candidates. But quantitative background does not only come from engineering degree.

Economics, statistics, mathematics, physics or MBA with graduation in these fields are equally useful.

Analytics is all about working with large datasets

In reality, most of the times the team of business analysts in a company work on particular problems that may or may not involve large datasets.

The requirement of the role is to be capable of putting structure across unstructured issues and using numbers to understand the business and the changes needed in strategy.

You need to be a programmer

It is not actually true. Wide experience in programming profession is not mandatory for becoming a business analyst. You need to have profound understanding about the tools, used for analysis, like ​ SAS, R, SQL etc. moreover most of these tools have Graphical User Interface (GUI) that you can use without having much knowledge about programming.

It is difficult to establish a career in business analytics field

It is also a complete misconception. The leading companies are in search of real talent and skill of business analytics. So learn business analytics from a prestigious institute and become an expert. When you have the right skills, there will be nothing that can stop you to get a high­salaried job.

Hope now all the myths about business analytics are clarified. Is there any other myth that you are aware of? If you do and feel unsure whether it is a misconception or a fact, share with me. I am here to help you.

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