2nd National Businesses Analytics Konclave

Financial Empowerment
National Webinar on ‘Financial Empowerment’ at KIIT School of Management
August 1, 2021
Dr. Manav Mishra, Chief Data and Analytics Officer, Regions Bank, USA
KIIT Organizes its 2nd National Business Analytics Konclave on the theme: Demystifying Analytics
August 7, 2021

2nd National Businesses Analytics Konclave

2nd National Businesses Analytics Konclave

Theme: Demystifying Analytics

August 07, 2021


Introduction:

“Information is the oil of the 21st century, and analytics is the combustion engine.” — Peter Sondergard

Business intelligence and analytics area is one of the fastest growing markets in the software landscape. Organizations are generating large amounts of data in real-time, and subsequently looking for professionals who can understand, visualize, and assess these. Deriving insights from the data drives the organizations and help them chalk the path ahead with efficient strategies and financial performances. The process of business analytics involves use of tools and methods to obtain meaning from data. Organizations use business analytics in order to

• Analyze data from multiple sources
• Use advanced analytics and statistics to find hidden patterns in large datasets
• Disseminate information to relevant stakeholders through interactive dashboards and reports
• Monitor KPIs and react to changing trends in real-time
• Justify and revise decisions based on up-to-date information

There are three primary methods of business analysis:
• Descriptive: The interpretation of historical data to identify trends and patterns
• Predictive: The use of statistics to forecast future outcomes
• Prescriptive: The application of testing and other techniques to determine which outcome will yield the best result in a given scenario

The 2nd National Business Analytics Konclave at KIIT Deemed to be University shall provide a forum to discuss the present and future of business analytics; understand the needs of data-driven organizations and scope for data-minded individuals, and debate on burning questions in an increasingly data-dependent enterprise scenario. The Konclave will host panel discussions and an array of workshops on various topics related to the theme.