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What is Predictive Analysis?

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Presentation on theme: "What is Predictive Analysis?"— Presentation transcript:

1 What is Predictive Analysis?
Predictive analytics is a collection of various statistical techniques from Data Mining, Statistics, Predictive modeling, machine learning, and Data Visualization that analyze current and historical facts to make predictions about future or otherwise unknown events. In business, predictive models uses patterns and trends found from historical and transactional data to point out risks and opportunities. Models capture relationships among different elements in the system to gauge potential associated with a particular set of conditions, guiding decision makers

2 Predictive Analysis is the basic requirement for any BA
Predictive Analysis is used by Business Analyst & Data Scientist – who in turn are needed by Marketing Experts, Sales Experts, Digital Social Media Managers, Customer Sales & Service oriented organizations, BPO, KPO, for Strength & Weakness Vs. Competitor Analysis, Project Manager, Quality Analyst, WFM – RTA, Mid Managers and People leaders.

3 35% longer time needed to achieved their business objectives
Business Analyst Prospectus 74% of companies have a low level of requirements management maturity, resulting in missed deadlines, budget overruns and wasted resources 54% of Business Objective Met in Companies with poor business analysis processes 35% longer time needed to achieved their business objectives Business Analysis is one of the Fastest Growing

4 Business Analyst – A Role Name
Many Names: Business Analyst is basically a Role Name representing various task, techniques and knowledge. The roles could be combined into one position like business requirement analyst and process analyst. Another example: A Systems Analyst may be part of a software development project and Project Analyst Canadian employers will need 171,000 business analysis related professionals by (Source: Information and Communications Technology Council, 2011) American employers will need 876,000 business analysis related professionals by (Source: U.S. Bureau of Labor Statistics, Employment Projections Program) Business Analysis is one of the Most Rewarding Career Option American employers will need 876,000 business analysis related professionals by 2020.

5 Top Institutes provide training for Predictive Analysis & Business Analysis to keep up with the demand Illinois Institute of Technology University of California California Institute of Technology Northwest School of Professional Studies Ursera – University of Washington Stanford University Harvard Extension School ISB Canadian employers will need 171,000 business analysis related professionals by (Source: Information and Communications Technology Council, 2011) American employers will need 876,000 business analysis related professionals by (Source: U.S. Bureau of Labor Statistics, Employment Projections Program)

6 Domains & Example of Analysis Needed
82% use of analytics in their current project(s). 85% of the organization plan to expand the analytics function. Domains : Consumer Product, Sales & Service Demand Analysis & Customer Transaction Analysis Business Process Outsourcing Financial & overall Business Analysis – Gap to Goal Risk assessment & Credit Scoring - Risk Assessment & Mitigation Information Technology Project Management Canadian employers will need 171,000 business analysis related professionals by (Source: Information and Communications Technology Council, 2011) American employers will need 876,000 business analysis related professionals by (Source: U.S. Bureau of Labor Statistics, Employment Projections Program)

7 Business Analyst Road Map – Fresher's
Canadian employers will need 171,000 business analysis related professionals by (Source: Information and Communications Technology Council, 2011) American employers will need 876,000 business analysis related professionals by (Source: U.S. Bureau of Labor Statistics, Employment Projections Program)

8 Business Analyst Road Map – Senior Level
The role names listed in the Career Road Map from International Institute of Business Analysis (IIBA) are not job titles but rather a representation of the various tasks, techniques and knowledge needed by an individual to be successful in the role. The roles could be combined into one position; for example, a business requirements analyst could also have deep expertise in process and therefore the business requirements analyst and process analyst roles can be considered as a career path. Another example: a Systems Analyst may be part of a software development project that utilizes the Agile method. Therefore the Systems Analyst has Agile expertise, and he/she could hold an Intermediate Systems Analyst and Intermediate Agile Analyst role but his/her title could be Intermediate Systems Analyst. The Director, Vice President (VP) and C level roles will not be discussed in this document.

9 Courses Offered & Learner’s Profile
Freshers, Mid level and Experienced who want to enter Data Analytics/Data Scientist Types of Jobs: MIS, HR co-ordinator, Reporting, Business Analyst Analytics in Excel Mid Management – AM onwards, Aspirants to be Data Scientist, Project Managers, Financial Analyst, Aspirants to enter Quality Domain, Green Belt, Black Belt Aspirants Types of Jobs: Advanced MIS Reporting, Business Analytics, Internal Control, Quality Analyst, Quality Leaders Introduction to Predictive Analytics Mid Management – AM onwards, Aspirants to be Data Scientist, Project Managers, Financial Analyst, Aspirants to enter Quality Domain, Green Belt, Black Belt Aspirants Types of Jobs: Advanced MIS Reporting, Business Analytics, Internal Control, Quality Analyst, Quality Leaders Analytics in R & Minitab (Introduction - TBA Soon) Corporate Business Analyst, Sales Analyst, Aspirants to be Data Scientist, Project Managers, Financial Analyst, Aspirants to enter Quality Domain, Green Belt, Black Belt Aspirants Types of Jobs: Sales & Marketing Analyst, Business Analytics, Internal Control, Quality Analyst, Quality Leaders Introduction to Forecasting & Capacity Planning (TBA Soon) Canadian employers will need 171,000 business analysis related professionals by (Source: Information and Communications Technology Council, 2011) American employers will need 876,000 business analysis related professionals by (Source: U.S. Bureau of Labor Statistics, Employment Projections Program)

10 Profiles that Lead to a Business Analyst Job
Business Analyst (Finance/Sales/Consumer) Operations Analyst Sales Analyst  Marketing Analyst  Admin to a CIO, CTO or Other Tech Executive Project Coordinator/Analyst Test Analyst Business Analyst Software Developer Project Manager Subject Matter Expert Customer Service or Technical Support Reporting Analyst  Business Analyst – (IT) Technical Writer Quality Assurance Engineer Business/Functional Manager Systems Analyst

11 Get Started with the Courses…
Being a BA Gives You … Get Started with the Courses… Amazing Career Job Stability & Success Money We will be adding more to the list

12 Naseha Sameen Get in Touch with Me, Your Trainer
Website: Professional: hyperurl.co/9x2h1d LinkedIn: SlideShare: Facebook (Personal Profile): Twitter: Mobile: ||


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