Top analytics techniques MBA students must know

-
Analytics skills have emerged as essential skills for excelling in a role in management.
The data availability is ensuring an increasing interest in analytics throughout the business
world. And hence, it has become mandatory for MBA students to gain an extensive
knowledge in analytics techniques.
Below listed are the top 5 analytic techniques an MBA students should possess.


·   Descriptive analytics – It is the MBA student’s first and foremost step towards
a journey of analysis. This will help them learn displaying the data in a meaningful
way and also to help make informed statements.
·   Predictive analysis – Predictive tools help use data to predict what happens next.
MBA students must learn predictive analytics to help build a framework that they
can apply to solve problems in the future.
·   Optimization for resource allocation – Analytics tools are believed to be beneficial in
determining the optimal resource allocation for an organization.
·   Risk management – Uncertainty and risk constitute this part of analytics.
This help in visualising how each technique can be used in real world scenarios to
solve any consequences.
·   Big data – Big data defines the abundance of information and is characterized by
volume, variety and velocity. MBA students who understands the difference in
various techniques that is used to analyse big data will have an upper hand over
his team members in an organization.
To know more, visit : https://rcbs.rajagiri.edu/  
                                           


Comments

Post a Comment

Popular posts from this blog

UNDERSTANDING THE DIFFERENCE PGDM VS MBA IN KERALA

-
Image
With the increasing number of job opportunities and rise of corporate culture as well as encouragement to startups, entrepreneurship in India, more and more individuals are opting for management studies. And coming to India, there is no shortage of institutes and universities offering postgraduate management programs. In fact, Kerala have close to 100+ management institutes offering a wide range of post graduation courses like PGDM, IMBA, MHRM etc. all under the same academic bracket – MBA in Kerala . However, the students often find themselves are opting two such courses, namely PGDM and MBA . But among these candidates, most of them are unsure about the difference in titles as well as content, leads to confusion regarding which course is better for career and why.  So let’s take look on this guide to get an idea, difference between the PGDM and MBA courses in Kerala India   Decoding the Terminology Even named as two, both these courses essentially train you m...
Read more

THE MOST IMPORTANT LESSONS FOR AN MBA GRADUATE

-
Image
Every MBA graduate realizes how much they have been able to change in the two years of course time. The most important thing that one can acquire are the abilities to adapt, interpret and learn. Furthermore one valued the skill of learning the simple recipe for learning. Here are the top most important lesson one can get: 1.    Increased level of confidence in decision making at critical points with even less information. 2.    To take the risk as a challenge 3.    Being able to execute the plans in a better manner 4.    Learning from mistakes and growing from every lesson learnt 5.    To be effective as a leader and a supporter 6.    Never to underestimate the power of networking at official or personal level 7.    Making use of every single opportunity and never taking things for granted Rajagiri Center for Business Studies Kerala  is o...
Read more

Credit Crunch

-
Image
An economic condition where investment capital is hard to secure is referred to as a credit crunch. Investors and banks become wary of lending funds to corporations and individuals which drives up the price of debt products for borrowers. It is often an extension of a recession and a credit crunch makes it almost impossible for companies to borrow as lenders are scared about instances like bankruptcies or defaults which could lead to high rates. It is also known as a credit squeeze or credit crisis and occurs independently of a sudden change in the rates of interest. Individuals and businesses that could earlier obtain loans to expand operations or to finance major purchases suddenly end up unable to acquire such funds. This effect can be felt throughout the entire economy because of a drop in homeownership rates and businesses being forced to cut back because of capital shortage. The credit crunch is often followed by a period where lenders are too lenient in offering c...
Read more