Business analytics is a hot topic in the field of business and technology. According to IMARC, the business analytics market touched $76.5 billion in 2021 and is expected to reach $122.5 billion by 2027. With data mining, predictive modeling, and machine learning techniques increasing in popularity, companies are looking for people who can help them make sense of all their new information.
An online degree in business analytics can help you learn how to do that. Suppose you’re considering pursuing an online business analytics degree or have already decided on one but need help figuring out where to start. In that case, getting your degree online will help ease your mind.
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Learn From a Flexible Curriculum
The flexibility of business analytics degrees online is a huge benefit. This type of learning allows you to study at your own pace, take breaks when needed, and fit your studies around family, work, and other commitments.
Suppose you’re interested in starting a family, building a career, or taking some time out. In that case, distance learning gives you the freedom to do so without having to give up on your education altogether.
If you love traveling, there’s no doubt that studying from anywhere in the world will be one of the biggest perks of this type of degree path. Distance learning is perfect for those who enjoy their freedom but want to further their career prospects by completing their qualification online.
Gain Industry-Relevant Knowledge and Skills
The importance of gaining industry-relevant knowledge and skills cannot be emphasized enough. If a student is going to earn a degree in business analytics, they must gain as much relevant knowledge as possible. According to Zippia, there are more than 251,404 Business Analysts in the US. And only when you have industry-relevant knowledge and skills, you’ll be able to stand out.
Before pursuing their degree, every student should learn how to use statistical software such as R or Python. These tools help give insight into data sets by analyzing large amounts of information quickly and efficiently.
This analysis can provide valuable insights into how customers interact with a companies’ products or services and what areas need improvement, so those interactions improve even more.
Improve Your Problem Solving Abilities
Problem-solving is one of the essential skills that can help you succeed in business analytics. Solving problems effectively enables you to get through complex situations at work, school, and other areas of life.
Unlike many other fields, problem-solving is closely related to critical thinking. Business analytics degree programs teach students to think critically about their data to produce the best possible solutions for any situation.
As you learn more about business analytics, you’ll learn how it relates to other areas, such as statistics and economics, while developing an understanding of how businesses function daily.
Enhance Data Visualization Skills
Business analysts are tasked with collecting and organizing data, but they also have to be able to present that information in a way that makes it easy for others to understand. It is where data visualization comes in. Data visualization is creating graphs, charts, and other visual representations of data.
By providing this information in a way that people can understand quickly and easily, analysts make it possible for others to make critical business decisions based on the information provided. By taking online business analytics degree programs, you’ll learn how to analyze big datasets using tools like Excel or Tableau Software.
Get Hired by the Top Companies
Data analytics professionals are in high demand. According to Glassdoor, the average salary of a business analyst is $80,809 per year in 2022. Additionally, they can earn up to $6,033 additional cash compensation on average.
The good news? The skills required for success as an analytics professional are both easy to learn and highly transferable. If you’re interested in working with numbers or want to make a career change, pursuing this degree could be one of the most rewarding decisions you’ll ever make.
Develop Professional Network
A business analytics degree online can help you develop your professional network. Networking is essential for your career, especially if you want to work in a competitive field like big data analytics.
The best way to build your professional network is through social media platforms such as LinkedIn or Facebook groups focusing on business analytics or related topics. You can also find opportunities to connect with other professionals through meetups and conferences.
Don’t be afraid of reaching out to people who seem unapproachable. It’s always better to ask than assume they don’t want anything from you because they probably do. Social media enables everyone with access, so it’s easy to reach out and build relationships with people all over the world without ever leaving home.
Remember traditional forms of networking too. Go out there, talk face-to-face with others about what interests them, and share some ideas about how things might work in different environments outside their comfort zone. And then follow up by sending some informative articles over email once every two weeks.
If you are looking for an online business analytics degree program, there is no better time than now. Business analytics has become one of the most sought-after skills in this era, and employers are looking for candidates with the knowledge and experience to help them succeed.
Whether you want to stand out from other candidates or get a head start on your career path, it’s worth considering how an online business analytics degree could help make that happen.