Analytics : Need of the Hour

by Rohit Kumar education consultant - MBA,BBA,PGDM and Executive

In the age of Industrial Revolution 4.0 which is characterized by innovation, technology and compution for gen next Analytics is like the oxygen for survival.

Analytics is not just about analysis of data it is about “way of life” in today’s context. Being able to rationalise your decision on data available in history and current variations of environment to be able to make a optimal decision. Analytics is all about changing the way we think . Rather than sub optimal decision processes it is better to derive data driven , analytical decision making which will cost less damages to organizations.

Thus for data driven analysis the basic point is data needs to be collected and at the right sources. Data base management forms the foundation of analytics. If the data is robust and high in quality it can turn fortunes for businesses.

Lloyd Business School in its visionary step forward towards the next gen millennial, has started a flagship course which orients students to analytics in the PGDM course.

The course provides inlet to analytics areas like Python, R, SAS, Design thinking and Modelling to enhance analytics to implementable businesses.

Analytics is not just the need of the hour but “must” for today.