• Start Date
    Aug 24, 2022
  • Duration
    3 Days
  • Applications Closed
  • Fees
    37,500/-
  • Download
    Brochure

Business Analytics for Problem Solving and Decision Making

In the present complex business environment, identification of a problem and its timely solution requires effective decision making. Managers usually struggle in using available information and inputs for taking appropriate decisions. This training programme is designed for employees managing a business and experiencing a need for business analytics. Business analytics, an undervalued area, recently picked up its pace, and have demonstrated the impact of its use in businesses and have completely changed the way business is done in today’s world. Organisations expect basic and advanced business analytical skills from their employees holding management positions in different departments. The businesses look for hands-on practice knowledge and experience for almost all type of profiles. This course is designed and meant to build confidence in managers to demonstrate the required analytical skills which can add value to businesses, and enhance the profitability of organisations.

Objectives

  1. To acquaint the participant with the theory of analytical tools and techniques
  2. To encourage the participant to practice the analytical tools using analytical systems including Spreadsheets, SPSS, Extend SIM, Premium Solver, AMPL, CPLEX etc.
  3. To expose the 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 & Modeling
  • Analytics on Spreadsheets; basic and advanced Excel: Excel formula, Pivot Table, Lookup, data analysis tools, Solver 
  • Data warehousing, visualisation, exploring and descriptive statistical measures 

Module Two: Predictive Analytics

  • Regression analysis: simple and multiple linear; logistics and other advanced regression
  • Time-series and Pattern Data: Advance forecasting techniques - ARMA, ARIMA etc., Econometric models

Module Three: Prescriptive Analytics

  • Linear optimisation and its business application 
  • Decision Analysis: single and multi-criteria; deterministic and stochastic

Who can participate

This programme 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.

Registration and Fees

Participants should be nominated by their organisations. The enclosed nomination form should be completed and returned with all the details. The fee of the programme is Rs. 37,500 (rupees thirty-seven thousand five hundred only) per participant which includes a professional fee and all charges for lodging and boarding and supply of course materials. GST as applicable will be charged extra in addition to the programme fee. Payment should be made by cheque/NEFT/RTGS.