Business Analytics for Problem Solving and Decision Making

In present complex and uncertain business environment, identification of problem and its timely solution requires effective decision making. Managers usually struggle in using available information and inputs for taking appropriate decisions. This training program is designed for employees managing the business and experiencing a need for business analytics. Business analytics, an undervalued area, recently picked up its pace, and have demonstrated impact of its use in the businesses and have completely changed the way the business is done in today’s world. Organizations expect for the basic and advanced business analytical skills from their employee holding management positions in different department. The businesses look for hands on practice knowledge and experience for almost all type of profiles. This course is designed and meant to build a confidence in the managers to demonstrate the required analytical skills which can add value to the businesses, and enhance the profitability of the organizations.
Multiple international consulting companies have started a dedicated department on business analytics, and serve to the industry for multiple areas of consulting. Many industries have started operating with an in-house business analytics department, which controls the complete business data and work on it to find the additional value which can be added to their business, and achieve a competitive edge in the market place.
This training program offers hands on practice along with the analytics content. The Spreadsheet Analysis, Statistical Application Systems, Advanced Econometric models, Modeling Languages, Optimization Systems, Simulation Software Systems will be introduced during the session, and the participants are expected to work on the same rigorously. The idea is to make future industry practitioners i.e. current management charged with the practical tools and instruments which are commonly available in the field, but when they come across to these tools they find themselves handicapped to the effective use of it.

Objective

  • To acquaint the participant with the theory of analytical tools and techniques
  • To encourage the participant to practice the analytical tools using the analytical systems including Spreadsheets, SPSS, Extend SIM, Premium Solver, AMPL, CPLEX, etc.
  • To expose participants to recent business analytics and technology applications in areas like services (Healthcare, Retail, Hospitality industry, Transportation and Logistics, Mail Express, Entertainment and Media, Sports), and Manufacturing (Electronics, Automobile, Process Industries, Etc.)

Contents

Module one: Introduction to Business Analytics; Descriptive Analytics
• Introduction to Business Analytics for problem solving and decision making
• Analytics on Spreadsheets; Basic and advance Excel: Excel formula, Pivot Table, Lookup, Data analysis Tools, Solver,
• Data warehousing, visualization, exploring and descriptive statistical measures


Module Two: Predictive Analytics
• Regression analysis: simple and multiple linear. Logistics and other advance regression.
• Time-series and Pattern Data: Advance forecasting techniques –ARMA, ARIMA etc., Econometric models.


Module Three: Prescriptive Analytics.
• Linear Optimization and its business application
• Decision Analysis: single and multi-criteria; deterministic and stochastic.

Who should attend?

This program will be useful for Executives and professionals involved in different activities in their respective organization across different sectors. It will be helpful for participants in making operations more efficient and responsive to dynamic market requirements.

Venue & Duration

The programme is scheduled during October 07-09, 2025 on a residential basis at MDI Campus, Mehrauli Road, Sukhrali, Gurugram. Accommodation for participants would be available at MDI Campus from the noon of October 06, 2025, to the forenoon of October 10, 2025.

Registration & Fees

Participants should be nominated by their organizations. The enclosed nomination form should be completed and returned with all the details. The fee of the program is Rs. 42,500/- (Rupees Forty Two Thousand Five Hundred only) per participant which includes a professional fee and all charges for boarding, lodging and supply of course materials during the programme. GST as applicable will be charged extra in addition to the programme fee. Payment should be made by Cheque/NEFT/RTGS.

Discount PolicyWith a view to our long-term relationship with your esteemed organization, we are pleased to introduce the discount policy in this programme. The discount will be observed in the following conditions: (discount is applicable in NEPAL also)
• 10% Discount against 3-5 nominations
• 20% Discount against more than 5 nominations

Important Dates

The last date for receipt of nominations is September 23, 2025. The last date for withdrawal of nominations is September 24, 2025. Any withdrawal received after this date will be subject to deduction as per the Institute’s rules. However, substitution may be permitted.
Nominating organizations are advised to await confirmation of acceptance of nominations(s) before sending the participants to the programme venue.

For enquiry, please contact at [email protected] or +91-124-4560008.