Professor & Director,
N. L. Dalmia Educational
Society
Dr. M A Khan
Professor & Director,
N. L. Dalmia Educational
Society
Interesting Career Prospects after completing PDGM or MBA in HR
Human Resources (HR) is increasingly becoming one of the most critical departments of a company. With the proliferation of digital technologies and the services sector in India, human capital has become the most important asset of a company.
5 Must-Read Books for a Business Analyst
A business analyst is one of the most sought-after roles in the industry today. A business analyst is a solution-oriented person who is responsible for enhancing operational efficiency, reducing costs, and augmenting the company’s top-line.
5 Tips to translate MBA Learnings into Corporate Success
Ever wondered why the first year of an MBA or a PDGM course teaches you about all the departments of an organization.
Faculty
NLDIMSR has a diverse and experienced faculty team with expertise in various domains of management education. They are well-qualified with several years of experience in industry and academia. The faculty members are passionate about teaching and provide a stimulating learning environment that encourages critical thinking, innovation, and creativity.
Placements
NLDIMSR has an excellent track record when it comes to placements. The institute has a dedicated placement cell that works closely with leading companies from various industries to facilitate placements for its students. Some of the top recruiters include Deloitte, KPMG, Amazon, HUL, Tata Capital, and many more. The institute has consistently achieved 100% placement for its students, with competitive salary packages and diverse job profiles.
Events
NLDIMSR regularly hosts a variety of events, including guest lectures, seminars, workshops, and conferences. These events provide students with opportunities to interact with industry experts, enhance their knowledge and skills, and stay updated on the latest trends in the business world. The institute also organizes cultural and sports events to promote extracurricular activities and overall development of the students.
Bloomberg
NLDIMSR boasts South Asia’s largest Bloomberg Lab, equipped with 24 terminals. The Bloomberg Lab offers students hands-on training and access to real-time financial data, news, and analysis, providing them with an immersive learning experience. The institute’s collaboration with Bloomberg helps students develop practical skills and gain exposure to the latest trends in the financial industry, preparing them for rewarding careers.
Exciting Careers in Business Analytics: How Top Companies Use Data to Drive Success
Data is the lifeblood of today’s digital economy, offering a wealth of insights and opportunities for strategic decision-making. As a prospective business analytics student, understanding how world-class companies harness the power of data can help you envision your future in this dynamic field.
Business analytics, a blend of data analytics, artificial intelligence (AI), and machine learning (ML), empowers organizations to understand, predict, and act on data in real-time. Companies employing these technologies gain a competitive edge and often emerge as industry leaders.
For instance, consider how companies manage vast quantities of data within their systems. By eliminating data silos and centralizing information access, these organizations accelerate decision-making and growth.
Leading Companies Embracing Business Analytics.
Let’s explore how some of the world’s top companies use business analytics to stay ahead:
Netflix, the global streaming giant, relies heavily on AI and ML to drive customer engagement. Their recommendation engine, which uses ML to suggest personalized content, influences 80% of the content consumed on their platform. By analyzing user behaviour and viewing patterns, Netflix creates and promotes content that resonates with its audience, resulting in a significant market share in the OTT platform industry.
Procter & Gamble (P&G), a multinational consumer goods corporation, utilizes data analytics to optimize their supply chain operations. By leveraging analytics, they reduced inventory costs by 15% while maintaining an impressive 98% service level.
Google, the tech titan, maximizes data analytics to drive targeted advertising based on user search patterns. This strategy led to a 21% increase in their advertising revenue in 2019.
Zara, a leading fashion retailer, utilizes data analytics to optimize its operations and customer experience. Their use of sales forecasting and supply chain optimization has led to significant cost reduction and a responsive supply chain.
Amazon, the world’s largest e-commerce platform, leverages business analytics to optimize their supply chain, thereby minimizing delivery times and costs. Their personalized product recommendations enhance customer loyalty and retention.
Airbnb, the global online marketplace for homestays, uses business analytics to optimize pricing strategy and user experience. Their data-driven decisions on pricing, discounts, and customer communications enhance conversion rates and customer retention.
Conclusion: The Future of Business Analytics
For businesses today, ignoring the power of analytics is not an option. Any company that does so risks losing its competitive edge and market share. For aspiring business analytics students, the landscape offers abundant opportunities to make a significant impact.
We invite you to share your favourite data analytics success stories in the comments below. Your insights can inspire others to explore the transformative power of business analytics.”
Copyright N. L. Dalmia. Institute of Management Studies and Reseach All Rights Reserved
N. L. Dalmia has shaped my personality in many ways. I learnt the best of HR subjects from amazing faculty members and the overall ecosystem helped me in becoming a better person.
When I entered the industry to start working, I already had a head start in HR concepts, thanks to the specialized HR batch. Additionally, we were provided with well-rounded development through assessment centres, IR case laws, personality development camps, college festivals, national level paper presentations and multiple sessions by industry stalwarts. I feel proud and grateful to have been associated with this institute. The conceptual and life learnings have shaped my career and more importantly my personality.