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The MBA In Big Data & Opportunity In Business Analytics

April 13, 2014 2:38 pm0 commentsViews: 1270

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Data is something that every company produces, and it allows these professionals to analyze their workings in the most objective manner possible. As the experts say, the numbers don’t lie, and because of this, businesses are on the lookout for professionals who have the knowledge and experience necessary to work with these numbers.

Job Prospects

One of the main reasons professionals opt to obtain an MBA in a field is to improve their job prospects, their expected salaries and their experience within the field of their choice. Because of this, it is important for prospective students to ensure that there are work opportunities available within the field of their choice. But when it comes to big data, this will not likely be a problem. The experts of Data Clear Group state; “With vast growth in the area of business analytics, jobs in Big Data are the next big thing for MBAs.”

This basically means that professionals within this field should expect a steady rise in opportunities available within the field and this is convincing many more to join the ranks of those who are already involved.

Understanding Big Data

Those who are looking to establish a career for themselves in this industry will most likely want to ensure that they understand what it involves. According to the experts, big data is the process of analyzing such large stores of data that they require specialized methods for collection and analysis.

These techniques are being utilized in various industries, including science. The contributors of TOP MBA explain; “It’s something that is being seen and used more and more within certain industries.

Some of the clearest examples of the sheer sizes involved in big data can be seen in ‘big science’, where the large Hadron Collider at CERN sources data from a mind-boggling 600 million particle collisions a second.”

Most people will find it difficult to grasp such big figures, which is why specialized techniques are put to use to allow them to do just that.

The fact that big data analysis techniques are used in such a diverse range of industries means that those who choose to obtain an MBA will usually have a very varied range of job descriptions to choose from. This diversity is extremely appealing to many people, particularly those who are unsure about the specific field they want to enter into. This diversity also increases the number of job opportunities available to those within this field.

Shortage of Talent

At this point in time, the industry is in need of professionals with qualifications in this field and it is believed that by 2015, there will be a total of 4.4 million jobs that need to be filled within the industry. While the industry might be expanding, there aren’t enough people who are sufficiently qualified to fill these positions and this means that students considering an MBA in big data will most likely be rewarded to many more job-related prospects.

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Automation In Business

Automation is providing professionals in big data with opportunities to restructure businesses in a way that simply wasn’t possible before. As the experts of Forbes.com explain; “Software automation can’t improve without reorganizing a company around its data. Consider it organizational self-reflection, learning from every interaction humans have with work-related machines.”

While automation might reduce a company’s reliance on human resources, in order for a business to be able to accomplish this, they will first need to find out where their strengths and weaknesses lie. What is more, they will need to analyze the efficiency of their automation in case further restructuring needs to be done further down the line.

More and more companies are looking for ways to use data to improve the way that they function, but in order for it to be able to accomplish this the data will need to be accessible and visually interactive. The insight gained from data analysis needs to be able to provide decision makers with the opportunity to utilize it in a real-world context.

While automation might seem to mark the end of human resources, this is actually not the case at all. Data is useless without human analysis in many instances. This process might work with regards to the storage, maintenance and the running of data. It is up to humans to actually find out what the results mean.

A Snowball Effect

As many more individuals choose to enter into the field of big data and make improvements that will end up making the technology more accessible to others, this will only cause even more people to end up venturing into the same field. Ultimately, this will very likely cause a snowball effect, opening up many more positions for individuals within the field.

Companies that find success because of big data will, and have already started to, make other businesses think twice about ignoring this technology. Companies who do not end up jumping onto the proverbial bandwagon will very likely end up failing to compete within the industry of their choice, and this could convince many businesses to change the way they operate. Innovation drives business and those who are unable to keep up will be the ones that suffer because of it.

The MBA in Big Data

An MBA in big data not only teaches professionals to work with the data, but these courses might also focus on other integral characteristics, such as leadership skills, among many others. For this reason, the MBA is so much more than just a data-focused qualification. Since it is much more comprehensive, those who obtain this sort of qualification will find that they can apply for a much more diverse range of positions within the companies of their choice and this is appealing to those who have a passion for data, as well as those who have varied interests.

Big data will very likely change the way many people run their businesses and this is turning this field into a very lucrative one. Those who are considering obtaining their MBA in big data might want to keep this in mind while making the decision.