All About Online Assessments

Is there a remedy to shorten time-to-fill a position without the negative effect on the quality of recruitment? The answer is yes. Today almost everything is online, and it’s not unexpected that online assessments have grown to be strategically very important to organizations in their search for optimum expertise in talent acquisitions.

About 86{2cedebf499f4bf5278f7874827ce93642e59089746fcbd577c0a9cd8be612387} of respondents in an Employees Today survey understood that online recruitment is less expensive than almost every other recruitment method. About 90{2cedebf499f4bf5278f7874827ce93642e59089746fcbd577c0a9cd8be612387} believed that online recruitment is straightforward and easy to utilize. Other surveys suggest that more than 80{2cedebf499f4bf5278f7874827ce93642e59089746fcbd577c0a9cd8be612387} of the future labor force prefer online assessments since they believe the assessments are reasonable, accurate and easy to complete. From a recruitment point of view, the utilization of online job fit evaluations are continuing to grow exponentially during the last couple of years. Cutting-edge enhancements have made assessment of individuals at job fairs, promotions and client office buildings a normal feature.

Benefits of Online Hiring Assessments

Hire the right level of ability:

Together with the intensifying competition for careers, selecting the ‘right’ person becomes increasingly more essential for a recruiter. Online assessments aid employers who seek to hire the best person for employment by verifying for job fit and high potential. Implementing an online talent assessment process not only weeds out sub-standard job seekers before the interview but it helps managers fill positions quicker with the right individuals.

Affordable and time conserving:

The cost of recruitment includes the following elements: write employment description, advertise, employee referral fees, travel costs incurred by employers and candidates, company recruiter costs, screening and assessment costs, interviewing time for hiring managers, administrative support and other incidental expenditures. Execution of Online Hiring Assessments cut a substantial area of the costs incurred for selecting top talent. With access to the internet, online assessments can be conducted anywhere, anytime for multiple individuals. Also, the applicant tracking dashboards that exist today make it easy to keep tabs on assessment outcomes and other important candidate data.

The Key components of a High Quality online assessment

The main consideration for a quality online assessment process is the Reliability (consistency) and Validity (accuracy) of the assessment itself. A quality talent assessment process will usually include an assessment of cognitive abilities, interests/passions, personality and interpersonal skills (e.g. EQ).

– A Cognitive Ability evaluation is included to ensure the candidate has the level of ability needed to perform the job. It is counter-productive to hire people who have too much or too little cognitive ability for a specific position. Too much ability results in boredom, or not feeling challenged enough in the position. Too little ability results in feeling overwhelmed and stressed in the position. The person feels stretched or over-challenged in the role. Both lead to turnover.

– Personality tests are designed to understand the traits and behaviors of job seekers, especially in a work framework, or job context. Increasingly more organizations have used Personality Profiling as an objective way of assessing employment suitability, training needs and developmental needs. With an increase in the embracing of assessment technology to facilitate good hiring decisions, online talent assessments will continue flourish since they to fill a critical need for employers.

Signs About Rock Stars Employee

Engagement numbers have not changed much in the years that the Gallup Organization has been keeping track. In the United States, employee engagement numbers hover around 30{2cedebf499f4bf5278f7874827ce93642e59089746fcbd577c0a9cd8be612387}. In the rest of the world, the picture is even bleaker – only about 13{2cedebf499f4bf5278f7874827ce93642e59089746fcbd577c0a9cd8be612387} of workers are engaged.

What exactly are the traits of a rock star employee? Here are seven attributes that you’ll find in most members of that elusive group.

Responsible: Top performers take ownership of whatever project they are working on and set high standards for their performance. They are only satisfied when your customers are singing your company’s praises. When they make a mistake, they admit it, and they learn the lessons so that it doesn’t happen again. When they have a success, they make sure the others that helped and supported them along the way are also recognized for their contributions. In order words, they share the credit and take the blame.

Optimistic: No matter what is going on, they are programmed to look for the good in people, projects, and situations. They are energetic, enthusiastic and confident about their work and how the members of their team work together. They look at obstacles as challenges to overcome as they are excited to grow and open to change. They have a positive outlook and can be counted on to lighten up the room when they’re around.

Creative: Rockstar employees have the ability to look at all sides of a problem and come up with a host of new and exciting solutions. They are not afraid of failure, as they know that part of being successful is having to fail from time to time. They have the unique ability to utilize out-of-the-box thinking to develop new methods for looking at and solving problems.

Kind: Engaged employees have excellent people skills and have an extensive network of people who know, like and trust them. They nurture their professional relationships and are more focused on giving, rather than receiving. They get to know people as individuals and abide by the “do unto others as THEY would have done unto them” rule.

Studious: Your top talent wants to be better tomorrow than they are today. Top performers invest in themselves and their skills so they can develop and grow both personally and professionally. They love to learn, and they look for any opportunity they can to gain knowledge about a variety of subjects. If they aren’t sure of something, they will do the research necessary to discover the answer.

Team players: Gallup shows that actively engaged employees have a strong network. Engaged employees focus on lifting others as they climb and enjoy sharing the spotlight of their accomplishments because they realize they did not do it alone. Although they may take the lead on projects, they have a clear connection between team activities and the team’s purpose. They allow others to enjoy the work and the journey with them.

Action-oriented: Average employees make to-do lists. Rock stars set their priorities and get the job done. They do not hesitate based on fear or indecision, they look at the situation and take action based on the information they have at the time they receive it. Because “objects in motion tend to stay in motion,” rock stars choose to “fail forward” and keep the momentum going. Their passion for what they do helps them know when to compromise with others and when to stand firm.

Risk-taker: Natural leaders are not afraid to shake up the status quo. They make the decisions necessary and push the limits of their comfort zone. They take bold action toward their goals. They feel that if they are not making mistakes, they are not learning. They love to propose new ideas and new ways of thinking, and their passion inspires others to take their lead.

Take the time to notice when your ROCK STAR employees are accomplishing great things. Ask them for their ideas and learn from them. You can then incorporate their ideas and methods into new hire training and developing the rest of your team. When you utilize the best practices learned from your actively engaged employees, you acknowledge their value to your organization and help the rest of your team move your company ahead.

Guide To Make Professional Brand

Have more than a blog and a social media account.

In case you desire to generate a significant impact as a business online, having a blog and a social media account is definitely not enough. What is crucial is to be aware that there has to be a brand behind that blog and social media account. There have to be something that make people feel is a whole, not just a bunch of posts and comments that are not tied together. Having a logo doesn’t automatically makes your site a brand. To have a real brand you have to comprehend what’s behind all the text you can write, it’s like the essence that is deep of your whole platform, it is that little something that makes it special. Once you have a brand you’ll have fans, in order to achieve that you need to create yourself and image, that image you create needs to get exposure.

When can you conclude you have a brand.

You may ask yourself, if I have my site logo, and it doesn’t is the brand, then what is it? Something is pretty obvious, a brand without a name is not a brand. When you register your company you give it a name right? That name will be your online site’s name at the same time. The big company Google, says, that brands are more successful at SEO nowadays, at the same time from the user’s perspective sites with brands can be seen as even more professional than sites with no brands defined. A good example for this: if you call your site “Sports World”, it will work much better than just calling it “Sports Articles”.

Visual language of your brand.

Something that is also very important in this concept is having “visual language” in your site. After your logo has been created, the next step is selecting the colors and also images that relate to your business brand and are the basis of your brand’s logo. At the moment you have all these elements, you have to combine them into everything else you develop to your site. For example if your logo has the colors black, brown and gray, then your website needs to use these colors, same for your social media accounts, it’s about expanding your visuals to everything that you create from now on for your business.

Your Mission Statement.

So, the work doesn’t end there. Now you need to be able to create what is called as “The Mission Statement”. This is the more important aspect of your brand. Some experts say this mission statement is what to need to be defined first. “The Mission Statement” is just a short paragraph that explains what is your business about. Basically what you do and the reason behind it. This includes the goal you have, the vision and also the commitment you put to make it works. After you define this, you’ll have a better vision of what your business is about and based on that you’ll get the inspiration you need to create the elements of your business, the logo and the name are a couple of them. At this point you made your business name and your logo stand for something, thus now people can stand behind you and your business.

Why You Need Consistent In Branding

Its becoming increasing common for your customers to evaluate, and make, buying decisions online. Just look at your own buying habits – how often have you reviewed the competition before even walking into a store (if you even go into a store and not buy online!). This is exactly why branding is more important than ever.

So, what is branding? It essentially boils down to your customers’ perception of your business and includes personality, character, and values. Branding should extend to your storefront/office, all signage/print materials, website and online presence, customer service and team interactions.

Where do you start?

  • Do your research – who are your competitors, what do their sites look, feel and sound like. Should yours stand out from the crowd or be in line with the industry. What makes you unique and stand out from your competitors? Depending on who you serve (and understanding their needs) will dictate your direction.
  • Understand who you are and who you serve (a little more research!) – what do your customers care about the most? Put your customers first – cater to their needs from your site first, start with easy to find contact information. Ask yourself if the copy is too long or is filled with jargon. Is your content arranged on the page so its easy to read, does it tell enough of the story to be helpful, do you provide testimonials to ease decision making, are your packages/pricing easy to find and understand? Will they know what they’re getting? We have a great worksheet that helps clients understand their client, if you’d like to receive a copy – please send us an email! We’d be happy to send it along.
  • Define your mission statement and vision -All actions and communication should tie back to your mission statement and vision, and your brand should reflect your future goals. Let’s take for example that your vision is to recreate an industry and stand out by turning the industry on its head, sounds radical? Now what if that’s your vision, and your website is shades of grey with very formal text, heavy with jargon. How does that speak to your vision?
  • Design and Copy – don’t underestimate the power of visual appeal. Create a logo that’s recognizable and choose a color palette that reflects your values and voice. The structure of your website should be simple to navigate, with clearly laid out text, that’s easy to digest in a clear font (not too scripty and difficult to read). Copy should be professional and demonstrate experience while speaking in a language that all can understand. Your copy should be clear of typos and grammatical errors (enlist the help of an editor, or at the very least have a trusted peer review your content).
  • Social media is an extension of your brand, this includes both look, feel, and content. Use social media to extend your reach with timely responses to reinforce your dedication to customer service, quality information that is curated and created in line with your vision.

And one bonus tip – create a style guide with standards for tone, voice, style; and includes standards for social media, website design, any graphic design going forward. Don’t forget to include team expectations! This is the perfect time to create guidelines for response time, signature lines, tone and professionalism.The key is – you are your brand, so ALWAYS be consistent!

How To Fixing Branding Errors

When it comes to personal branding, there really is no right or wrong answer. So much of it is subjective. However, that doesn’t mean that you are incapable of making mistakes or of wishing that you could have done something better/differently. If you had the chance to do it over again, of course, you would probably do those things differently. Well, even if you did make mistakes, all hope is not lost. You can still fix what needs to be fixed and move on from there.

Make fixes in a sensible manner
When it comes to fixing the errors that you made in your personal branding, you will want to approach it sensibly and methodically. There are several aspects of your personal brand that you will want to examine and, hopefully, you will be able to identify whatever needs to be corrected.

  • You want to make sure that your reputation is intact: If you aren’t sure what other people are going to find when they search for you (personally), you should search for yourself. The top items on the search engine should be positive about you. Additionally, those items should have value and they should help to enhance your reputation and boost your credibility. If you see that it is not the case, go back to those items and enhance them until they show you in a more positive light.
  • Entertainment versus marketing value: It is very important that you understand the balance between good value and the ability to entertain with your personal brand. You don’t want to have more of one than the other. Of course, if you don’t have enough on the entertainment side, other people may not remain interested. On the other hand, if you don’t have enough on the value/marketing side, from a business perspective, people may be entertained/amused but they may walk away feeling that they don’t have much to show for it.
  • Don’t go overboard: There is definitely value in revisiting the content that is connected to your personal brand so that it reads better. However, overediting is definitely not a good idea in general. The last thing that you want to do is to edit so much that you lose yourself and what you stand for in the process. It is important to show your vulnerable/human side but, at the same time, to demonstrate how valuable you are professionally and how your expertise can help other people.
  • Marry your personal and professional brands: The truth is that there is a strong connection between your personal and professional brands. They are two parts of you and those parts should have at least a discreet connection for other people to embrace. If you are communicating messages from both brands, they should be synchronized. You really can’t separate the two anyway. The best that you can do is to make sure that they exist in harmony.
  • Make sure that your social media profiles are current: The profiles are extremely important to your personal brand. They must be kept current. That means that you update your status periodically (at reasonable intervals), change your photo if it isn’t appropriate or is not relatively new, etc. You will want to work on all of your social media profiles. People will definitely notice if you don’t keep them current.
  • Make sure that your photo is appropriate: First of all, make sure that you have a photo which people can identify with your personal brand. Second, it should be an appropriate photo. That means that it should be a professional headshot. It shouldn’t be you with your cat, your logo instead of your face, you drinking in a bar or at a party, etc. After all, even though you are working on your personal brand, you want people to remember you in the right way because there will definitely be crossover to your professional brand and persona.
  • Make sure that your bio is what it should be: Your bio should be substantial enough so that other people are able to get a sense of who you are and what you believe in. On the other hand, you don’t want to go on and on to the point where the other person has no patience to keep reading. However, you should definitely highlight your accomplishments because not only are you proud of them but they add value to you and other people will have the understanding that you are someone with whom they should form a relationship and interact.
  • Always be yourself: Authenticity is an essential part of your personal brand. If you are not authentic, people will know it and they will not want to connect with you. You certainly don’t want that to happen. The reality is that you will not be able to have a successful relationship with everyone but you want your relationships with those people who want to be connected to you to be solid and enduring.

Conclusion
All of the elements listed above are important for your personal brand. Getting your personal brand in the shape that you want it to be will take time and work but it will be well worth it for you. You should keep in mind that your personal brand will take you very far in business. It is really important for you to understand your target audience and to do your best to give them what they want and need. If you give them your best, you will get it back in full.

Benefit Data Science

If you have a question in mind regarding the future of data science then you are definitely concerned with whether the techniques and tools such as Python, Hadoop or SAS will become outdated or whether investing in a data science course will be beneficial for your career in the long-run. But there is no need for worry. Businesses have only recently begun to realize the worth of their data and have just begun to make significant investment in these areas. So data science careers will be around for quite some time.

HISTORY OF DATA SCIENCE

The history of data as well as statistics is proof of the fact that the transformation of data into useful insights is something which has been happening for a long, long time.

The high-tech data-driven world has forced companies to develop cheaper and more reliable sources of data storage so as to store lots and lots of business data. The extraction of useful insights from this mass of data requires the skills and knowledge base of statistician and programmers. This combination of statistic skills and programming skills can be seen only in the DATA SCIENTIST. The job of data scientists is not only extracting useful insights but extends to designing new tools and techniques for processing and storage of data.

A SECURE AND LUCRATIVE CAREER AS A DATA SCIENTIST

The individuals with right mix of skills necessary for jobs as data scientists will have a challenging career. The job and salary prospects of DATA SCIENTISTS make it an even more worthwhile educational investment for new entrants and professionals in the near term. Data scientists will have a wonderful career in the future as well. The field of data science (machine learning in particular) is not going to disappear but rather outshine other fields. So the future of data science looks promising.

The market for data is regarded as highly competitive. Standing out from the crowd and having an edge over the competition are the two important traits to keep in mind when pursuing your career in the field of data science.

HOW CAN THIS BE ACHIEVED?

A lot has been discussed about the use and benefits of data. But now the question arises regarding how to accomplish training in this field. Professionals can advance their skills and knowledge base by taking classes in data as it is always said that upgrading one’s skillset (by way of training, education or any other mode) is the key to a successful career and a bright future. It is always beneficial to be in sync with the latest technology and trends.

THE FUTURE OF DATA SCIENCE IS DEFINITELY GOING TO BE BRIGHTER THAN EVER

But remember, getting into this field is not easy. You will need to have an in-depth and thorough knowledge of all the techniques and methodologies utilized in the field of data science.

Build Efficient Warehouse For Your Company

If you are an owner of a business and feels that managing and storing your productions in-house is incurring you a hell amount of money, then its time you decide to outsource your warehousing service to some third-party. A warehousing service is considered praiseworthy if they have a dedicated system that provides you the best storage and depot solutions that will minimize your inventory and logistics expenses.

Here are the determinants of an ideal warehousing service:

The location and space allotted for storage

As a business owner, your first priority is your client’s satisfaction when it comes to timely delivery of your products. A poor location of a warehouse can be a major obstacle in shipping your products to your destination on time. Parallel to this, proper planning while using the space in the warehouse is extremely important. You should select a service where you see stocks are organized efficiently, the old stock has been cleared out and there is no clutter inside the storehouse.

A committed team

The staffs present in the warehouse all the time are responsible for evaluating the warehousing conditions and decide whether it needs any improvements or modifications. They are one who faces the issues that arise daily and hence give a call to the management for the betterment of the service. So whenever you choose a warehouse service please see whether the team involved in the management and storage is a dedicated team with high skills and experience.

Transparencies in the entire process

Before jumping into any decision, you need to know what are the stages and procedures involved in the warehouse service. Yes, this point is important because otherwise you cannot judge the quality of a service and determine if it’s deviating from the usual norms and regulations. With a service provider with a transparent and clear process, it is possible to trust them blindly.

Advanced technology and quality control

The warehouse agencies that maintain the quality standards – ISO 9000 (quality control) and ISO 90001 (quality management) are considered to be the efficient and high standard companies. These play a crucial part to ensure that the anticipated outcomes are due to the utilization of best processes and technology available. A service provider that uses the best software with mobile scanners and high-quality integration with distribution partners is the ideal choice for you.

Warehousing operations are costly and time-consuming, but it is the soul of your business. Poor storage and depot facilities can cause your business to drop down below par. So, why take such risk and wait for such instances to occur? Seek the best warehouse service and skyrocket your business’s profits.

Tips To Saving Your Shipping Cost

Most businesses fail to realize the excessive costs involved in shipping and that may be one reason for their lower profit margins. Higher overheads on shipping make logistics a costly affair for them, hampering the overall efficiency and profitability of the businesses. As a business maker, you might be losing out competitiveness with your peers in the market. So, the first and foremost thing you can do is minimizing the shipping costs of your products with some effective ways, benefitting yourself as well as your customers. Apparently, you can redistribute the costs saved in shipping by offering them some discounts to your customer on the final prices. This will obviously help your business win the trust and confidence of buyers and tempt them to keep coming back for your products. So, what are the major ways you can cut down your shipping costs? Find it out below.

Optimizing the packaging resources

The packaging resources or materials are the crucial part involved in distribution logistics where there are immense scopes to save costs. A major portion of the shipping costs constitutes the costs of packages. Yet, most of the times, we receive products packed in too many covers, but that may be needless for the type of the product delivered. So, if the distribution companies take an effort to consider their fragility or non-fragility to decide the type of packaging, costs will reduce.

Reducing the size of packages

Generally, all the packaging and distribution units have one moderate size of package for any product, regardless of what it is, how small or big it is. So, there may be too many fillers needed to pack small products and that raises the expenses automatically. Besides, the fillers are just wasteful materials after the products are unpacked. Appropriate size of packing is hence necessary not only for saving costs but also for reducing wastes.

Time to consider warehousing and storage services

Sometimes entrusting the role of warehousing and storage to a third-party service provider can help businesses in reducing the overall expenses involved in shipping products to the customers. They have the best or optimized ways of storing the products, being specialized in the service. Besides, it provides stock notifications, products that are close to expiry and other crucial information, which helps manufacturers to prevent stock overruns.

Join hands with a distribution company

If your prevailing shipping costs seem too high for your business, it’s better you talk to any of the professional distribution partners. They offer the best value to small enterprises by catering to all of their specific shipping needs. However, it’s always suggested to go for some market research before choosing a partner service provider to get one whose prices will enable you to cut down your costs considerably from what you have been spending earlier.

If your business is truly feeling the sting of higher shipping costs and you wish to streamline it and reduce it, then follow one of the above credible ways.

Guide About Leadership Role

According to a report published on Deloitte Insights, 86{2cedebf499f4bf5278f7874827ce93642e59089746fcbd577c0a9cd8be612387} of companies interviewed in a survey say that developing new leaders is an urgent or important need. This means that the majority of organizations would prefer to groom a number of their employees who have the potential to handle higher positions than to hire externally.

Taking up leadership training courses is a great way to boost your confidence and gain the additional skills and knowledge you need to be an effective leader. Once you think you’re ready to take on a leadership role, you can demonstrate your readiness and competency through these strategic actions:

1. Bring extra value to the table

When you were still applying for your job, during the interview, you were probably asked the question, “What can you bring to the table?” You probably answered this all-important question by enumerating a list of your accomplishments, skills, experiences, etc. But once you’re ready to take on a higher position, you’ll need to bring more to the table.

This means taking on more work that you’re sure you can do competently and complete. If you have a set of tasks you need to do daily, go beyond the norm and put in more effort in your output.

For instance, if you’re in retail, don’t just aim to close the required or minimum number of sales every day. Work on getting more sales and giving patrons better customer experiences. By going beyond what you and your boss are used to, you are showing that you’re ready for more responsibilities.

2. Solve a big or recurring problem

Problem-solving is one crucial skill that all leaders should have. You can demonstrate that you have this highly prized ability by actually solving a huge problem or one that never seems to go away in the workplace.

Take the time to study certain processes or the office overall. Find out what causes delays in operations, dissatisfaction among customers, and discontent among your co-employees.

Do some research and recommend research-backed strategies or solutions to solve these problems. Work with the HR team, manager or business owner, and your co-workers to know if these are feasible fixes.

Once the new processes will be implemented, make sure you take a proactive stand and take the lead in accepting and following these changes.

3. Take ownership of your work

Humility is another trait people look for in leaders, and it is something that you should have as well. However, you should also own your contribution to success.

When others (especially your boss) notice and praise your accomplishments, accept and thank them. If you took the lead in a successful project, acknowledge your teammates’ efforts, but make sure you are aware of the important role you played in its realization.

4. Generously give credit to those who deserve it

Unless you took on a project yourself, always recognize and call out the efforts of your teammates. This is a crucial element in demonstrating and cultivating great teamwork. Appreciating the work of your colleagues shows your boss that you are paying attention to other people’s input and that you understand how everyone’s work contributes to the success of the company.

Recognition is one of the biggest things employees want to get from their bosses for inspiration. Even if you’re not a boss yet, acknowledge your colleagues’ efforts; they (and your superior) will appreciate you for it.

5. Inspire others

Genuinely acknowledging the hard work of others is a wonderful way to get the respect and admiration of your co-workers. However, take your appreciation a step further by motivating them to be better and to perform at a higher capacity as well.

Aside from leading by example, find different ways to inspire your colleagues. If some of them are experiencing burnout, offer tips on how they can overcome this. In case you’ve already experienced the same thing before, share some things about what you went through and how you successfully managed it.

If some of your co-workers want to become better employees, or are also aspiring for a higher position as well, encourage them to join you in team coaching sessions. All of you will learn something valuable from these programs. It is also an amazing way to let others know you are thinking of their welfare and success too; this, in turn, will encourage them to strive for more.

6. Know how to listen

Listening to another person with an open mind is a highly admired quality. It is essential to building and sustaining quality relationships.

If you know how to listen with an empathetic ear and open mind, you can develop a culture of passion and energetic teamworks. This is a clear indication that you have what it takes to be a leader. These are also traits that employers and managers look for and value in their next leaders.

7. See the big picture

Developing the ability to see and think big now will help you become an effective employee and leader. This refers to the capacity to keep an eye on the bigger vision of successful leadership without getting affected or caught up in various obstacles or issues at work.

Big picture thinking will also enable you to act proactively instead of reactively. When you already have this trait, your boss will know you are ready for a leadership role. This is because this quality is highly helpful in effectively managing people and time, and with turning challenges into opportunities.

8. Find, define and strengthen your voice

Building your personal brand is a by-word in the corporate world today. This is something that job-seekers are encouraged to focus on.

Finding and building up your brand’s voice and standing out from the crowd in a positive way will also help others see you as a potential leader. This can also spill over to your convictions; staying true to what you believe in is a good sign of a remarkable leader.

There is nothing wrong with pulling out all the stops if you’re keen on taking a leadership role. After all, aiming for a higher position is a goal worth working hard for. It is rewarding in many aspects and it is a clear sign that you’re on the right track to achieving greater success.

All About Business Analytics Training

WHAT IS BUSINESS ANALYTICS?

Business analytics refers to a practice of repetitive, systematic evaluation of an organization’s data, with emphasis on statistical techniques and tools associated with analytics such as SAS, R, Python, Hadoop etc. Business analytics has become the lifeblood of every organization. It has now been adopted by organizations that practice data-driven decision making, whether by human beings or machines that make fully automated decisions.

Business analytics is used by skilled professionals to extract useful insights from the enormous amount of data generated on a day-to-day basis. This data is treated as an asset by big corporations as it can help them to gain a competitive edge over others. It helps to identify the sources of problems, the reasons for them and gives you information on future trends regarding these issues. It can also help to predict and influence outcomes in customer behavior. With the advent of computers, storing and interpreting large volumes of data has become easier.

Skilled professionals serve as an aid in this endeavor, as they have the expertise and skills to infer meaningful information out of raw facts and figures.

SPECIFIC AREAS COVERED BY BUSINESS ANALYTICS

Two specific areas are covered by business analytics:

1) Business Intelligence

2) Statistical Techniques

BUSINESS INTELLIGENCE: If the organization has to predict future performance, it is vital to collect and interpret historical data relating to the various departments and members of the organization. Business Intelligence involves examining historical data associated with the performance of the departments and the team members working in the organization.

STATISTICAL TECHNIQUES: This area involves the use of statistical tools like descriptive analysis, predictive analysis and prescriptive analysis.

a) Descriptive Analysis involves understanding the current position of the organization by tracking key performance indicators.

b) Predictive Analysis involves assessing the likelihood of future outcomes by analyzing the trend data.

c) Prescriptive Analysis involves using historical data generated in the area of business intelligence and using it to produce suggestions on how to deal with parallel circumstances in the near future.

IMPORTANCE OF BUSINESS ANALYTICS TRAINING

The growing demand for talent in the field of analytics can be fulfilled by becoming proficient in the relevant skills and gaining the knowledge required for performing business analytics. This can be achieved by acquiring business analytics training. This training is essential to succeed in today’s highly data-driven and tech-driven world.

1) Training enables smart decision making

Business training will help you to access good and valid data. It inculcates the skills and expertise required for collecting, organizing, analyzing and interpreting data generated on a daily basis. These skills and knowledge bases can assist you to take smart, logical, and strategic decisions.

2) Training shifts your career to a promising field

Business Training helps existing employees as well as newcomers to advance their career and to reach greater heights. The job of a business analyst is now regarded as one that commands the industry’s best salary. The unparalleled demand for skilled professionals i.e. business analysts, has led to an upward trend in their pay packages and laid the foundation for a fulfilling, rewarding and exciting career.