Europe Innovation Business School (EIUBS: http://www.eiubs.eu/), Brussels provides various courses on Data Analytics and Business Management. Data Analytics and Decisions: This course is for anybody who wants to master Decision making based on data analytics. If you are heading a business with a lot of input, output or retail sales or maybe if you are an MBA, then this course in Pune is for you. Even if you are a student who wants to get a career in consulting, then this course would be a valuable addition to your resume. The teachers of this course are renowned experts in the subject and have wide-ranging experience in the field of decision theory, data mining and warehousing and data analytics. More importantly this course is delivered online so geographic location / physical presence for the course is not a mandate. The topics covered in this course include: · Use of decision making framework · Nature of data and learning to organize it for analysis · Use of Analytical techniques and Excel tools · Graphical analysis · OLAP · What-if-analysis · Statistical analysis · Probability theory and its application to business challenges · Decision Analysis · Building Predictive Analytics Models and making forecasts using such Models · Optimization techniques and their applications in different business situations · Simulation To know more about the course please visit http://www.eiubs.eu/

2. Data analytics is:
Techniques and processes used to enhance
productivity and business gain.
Data is collected and categorized to Identify
and Analyze the behaviour and patterns of
subjects

3. Data Analysis was done earlier too, but with internet in every part
of our life, data analysis is not guess work anymore, it’s science.
Data analytics is so big today because of:
 Better data collection
 Better data mining
 More processing power

4.  Airline prices changes every hour
 Facebook recommending friends
 Some customers getting more discounts from sites like
Flipkart than others
 Railways & shipping companies using sensors on every
vehicle to schedule maintenance
 Government using Aadhar card usage to build schools and
clinics

5. Most Raw Data, especially Big Data, is not
suitable for human consumption. But the
information we derive from the data is

6. The purpose of Descriptive Analytics is to
summarise – Describe - what happened.
80% of business data analytics,
notably social analytics is descriptive

7. Predictive Analytics is used to forecast – not
to tell – what will happen in future
This type of analytics is increasingly used after the
onset of Big Data
Use various techniques of statistics, data mining, modelling &
machine learning

8. Predictive Analytics is used to recommend
course of action
Doesn’t predict one future, but many –
depending upon decision maker’s action
Needs to have actionable data (data that
can be acted upon) & a feedback
mechanism

9.  As big data gets into every nook and corner, the
demand for data analytic skills is seeing no end
….. and this would remain for some time.