About "Victoria University Ahmedabad VU India"
Victoria University is an Australian university located in Melbourne, coastal capital of Victoria in Australia. It imparts quality education to students by offering many courses. It offers both undergraduate and post graduate programs. It has collaborations with many institutions of various countries. Victoria University provides opportunity to students to study Australian master’s qualification in India. Victoria University, in collaboration with Ganpat University (GNU) has brought a distinct range of internationally recognized Victoria University master’s courses to Ahmedabad, India. Victoria University (India) is located within the Ganpat University Operations Centre on the Sarkhej-Gandhinagar Highway.VU India is currently offering two master courses namely Master of Business (Enterprise Resource Planning Systems) and Master of Business Analytics (Professional).
Master of Business Analytics (Professional) course provides tools and techniques through which students learn to generate and analyze data. Analytics Professionals uses Enterprise Resource Planning (ERP) systems to make critical and crucial decisions for growth, improvement and for betterment of products and services. SAP (Systems, Applications, and Products) Software is extensively used in Business Analytics. Another Course offered by VU (India) is Master of Business in Enterprise Resource Planning Systems. Through this course an in-depth knowledge of SAP software is provided. Enterprise Resource Planning (ERP) is software whose need is growing day by day as it increases productivity by integrating all departments and functions across a business through single system.
VU India provides all the facilities required for an excellent environment for learning. It also pay due attention towards placement therefore major actions are take for placing students. Students of VU India have been successfully placed in many esteemed companies having specialized field of ERP/SAP. Some of the companies are Accenture, IBM, Linfox, British Petroleum (UK), China Air Express, Unisys etc. VU shares knowledge and experience through highly qualified faculty members and Guest lectures are also organized on regular basis. Admission to these two courses is based on marks of graduation and scores of Entrance exams like TOEFL (Test of English as a Foreign Language) / IELTS (International English Language Testing System) / PTE (Pearson Tests of English) / CAE (Certificate in Advance English).
Business Analytics refers to the combination of technologies, skills, applications and processes used by business firms to gain insight for future concerns. Business analytics can be defined as an act of driving business decision by making use of data collected and prepared for analysis by business intelligence. In other words, it refers to skills, technologies and practices used for continuous iterative exploration and investigation of past business performance to gain perception and avoid unnecessary activities for better performance of business. Business analytics focuses on developing new methods and ways for understanding the business performances based on data and statistical methods. It makes extensive use of statistical analysis and fact based management for making decisions regarding business. Business Analytics starts with analysis of data and ends with communicating the results to the concerned persons like customers, business partners etc. BA is generally based on evidence-based data. Irrelevant data is of no use here. Nowadays, Business Analytics is gaining importance as every company is moving towards data-driven decisions. BA provides more relevant and reliable bases for decision making. It makes use of Big Data to develop insight and strategic moves. Big data is a term used to describe large volume of data both structured and unstructured which a company uses on daily basis.
Business Analytics includes three steps for analysing the data
- Descriptive analysis is a foremost step in data processing. In this stage, summary of historical data is created to yield useful information and prepares the data for further analysis.
- Predictive analysis is the next stage after descriptive analysis and it is used for making predictions about unknown future events.
- Prescriptive analysis is that part of business analytics which focuses on finding the best course of action for a given situation.
These three components of Business Analytics helps a firm to find opportunities in data and predict future performance of business based on past performance of the company. Business Analytics is growing as every organisation is focusing on data-driven decision. It has also provided a platform for students to make their career in most demanding professional field. More and more students are running towards this particular specialization as it provides abundant career opportunities.
Following are some of the career opportunities available to the students after completing their MBA/PGDM in Business Analytics.
- Data scientist with emphasis on science/technology
- Data scientist with emphasis on analysis
- Quantitative Analyst/Modeler
- Business Analyst (Data)
- Business Analyst (Manager/Consultant