Stability leads to economic growth

People no matter which community they belong to need to stop giving kneejerk reaction

According to the recently released report, Indian economy would be worth $6 trillion in the next  decade. Given the recent improvements in market situation it is going to be a steady growth from now. Although, insiders are cautioning that it may fluctuate before getting to the predicted result.But, there are a few issues that need to be dealt with first.

It is said to be a good time, toinvest in the share market now for future gains. The upbeat morale of the government to tackle crippling issues of the economy has led to investors getting excited towards the near future.

Although, steps are being taken in the right direction, it is still not enough. Political and social stability make or break an economy. Analysis of previous data has revealed that it is one of the most significant contributing factors towards growth in the economy. As long as there is stability, there will be investors flocking to invest.

E.g. American companies began investing heavily in Nazi Germany and Italy under Benito Mussolini before the World War 2. Due to the stable political and social climate (at least for the investors) these countries attracted investment that helped them become one of the strongest economies.

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Leaving the negative connotation ofthe example, it is interesting to see that investors would not mind putting their money in the hands of a Dictator, if there was a chance for profit! Hence, when it comes to India, atmosphere is far better.It has a democratically elected government, chosen through well conducted elections (praised around the globe for legitimate conduct). The only thing that stands in the way is social issues. It is very easy for issues to quickly escalate. Majority of media in the country has been accused of adding fuel to the fire disrupting stability.

Whatever the issues are, they need to be solved. People no matter which community they belong toneed to stop giving kneejerk reaction because many a times issues turn out to be opposite of what they were speculated to be. Only then will the world open up to do business with India!

Business Analytics…

With the corporate world augmenting at a very high rate, there are companies that die at the very

initial stage and there are companies that manage to shine in the market for a long period of time. Where does this difference lie? It’s effective and efficient management. One of the many characteristics of business is the ‘Risk’ factor. Yes, there is a lot of risk involved in business and one has to be trained to avoid and minimize the chances for any failure. This requires rigorous study of the past in order to create a better future.

              

  Business Analytics refers to the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Analysis of the raw data is a very important aspect that defines the future of the company. It can help the related people from the company to set their goals according to the information collected in order to improve the efficiency of the company. In the past years business analytics have exploded with the introduction to computers. This change has brought analytics to a whole new level and has made the possibilities endless. As far as analytics has come in history, and what the current field of analytics is today many people would never think that analytics started in the early 1900s.

              

 

‘AnalyticalFinishing School’ brings to you a chance to fulfill your dream to enter the corporate world with a 4 months long course which will include both theoretical and practical class to enhance your skills and carve a complete business man out of you. This is a very well organized course with different programs offered for the students to choose from.  Traditional methods are good to learn for knowledge but the latest level of analytics is what we are going to focus on so that the student once finished the course can benefit the firm he or she is going to work, in a very good manner. The world is changing everyday and we have to change with the world to cope up with the competitive world.

About Business Analytics…

Business analytics has been in existence for a very long time and has evolved with availability of

newer and better technologies. It has its roots in operations research, which was extensively used during World War II. Operations research was an analytical way to look at data to conduct military operations.

Over a period of time, this technique started getting utilized for business. Here operation’s research evolved into management science. Again, basis for management science remained same as operation research in data, decision making models, etc. As the economies started developing and companies became more and more competitive, management science evolved into business intelligence, decision support systems and into PC software.

Business analytics is a methodology or tool to make a sound commercial decision. Hence it impacts functioning of the whole organization. It is how this information is utilized makes the company competitive. Business analytics combines available data with various well thought models to improve business decisions. It converts available data into valuable information. 

Therefore, business analytics can help improve profitability of the business, increase market share and revenue and provide better return to a shareholder. This information can be presented in any required format, comfortable to the decision maker. It facilitates better understanding of available primary and secondary data, which again affect operational efficiency of several departments. It also provides a competitive advantage to companies. In this digital age flow of information is almost equal to all the players.

Business analytics has a wide range of application and usages. It can be used for descriptive analysis in which data is utilized to understand past and present situation. Business analytics uses data from three sources for construction of the business model. Business analytics is also used for prescriptive analysis, which is utilized to formulate optimization techniques for stronger business performance. 

It is used for predictive analysis, which is typical used to asses’ previous business performance. For example, business analytics is used to determine pricing of various products in a departmental store based past and present set of information. This kind of descriptive analysis is used to asses’ current market position of the company and effectiveness of previous business decision.