Implement advanced strategies for gathering, reviewing and analyzing data requirements
“The value of an idea lies in the using of it.” – Thomas A. Edison
Success in business increasingly depends on mastery of statistical analysis of very large amounts of data. High stakes decision making requires understanding of such tools as data analytics software and advanced analytics techniques, include predictive analytics, text analytics and text mining, customer analytics and data mining.
Business Analytics related professions (Logisticians, Operations Research Analysts , and Management Analysts) will see between a 17% increase to over 30% with some of the highest rates of growth in the Quincy, Ill. area.
According to the Bureau of Labor Statistics, demand in this field is predicted to grow much faster than the average for all occupations. As technology advances and companies seek efficiency, optimization, and cost savings, opportunities for employment in such positions as Supply Chain Analyst, Productivity Analyst, and Market Research Analyst will only increase.
The Title III-funded ESA/STEM program will support creation of a major in Business Analytics, including the technological supports such a program requires.
The curriculum will include such courses as:
- Introduction to Business Analytics
- Modeling Methods
- Advanced Modeling Methods
- Analytics Communication and Management
- Marketing Analysis
- Risk Analytics
- Advanced Predictive Analysis Modeling
A new Business Analytics Lab will be constructed to provide students learning opportunities with the types of analytics software used by major corporations.
The first courses in the Business Analytics degree program will be offered in Fall 2021.