There is no oracle that can peep into the future and predict the future of any field, including business analytics. Like all other things, the fate of business analytics will be determined by the people working in it and the way technology manages to revamp the field.
The future of business analytics is intriguing.
For many, business analytics is a relatively new field that has gained popularity recently. This line of thinking is not accurate.
Ever since businesses have existed, the profit motive has also existed and so has there been a presence of professionals who can study a business and figure out how to improve its performance.
Business analytics is by no means a new field. However, the question here is over the future of business analytics. Moving forward, we discuss the same.
Assimilation with AI
The future of business analytics is largely hinged upon its assimilation with AI. Artificial Intelligence promises to be the final technological advancement that would transcend all previous progress and intelligence.
How would business analytics be affected by AI?
It is important to remember that business analytics at its heart is the practice of analyzing data and coming up with conclusions based on the recorded information. If an AI is able to replicate the working process of a typical analyst, the future of business analytics as a professional will come into jeopardy.
It is thus vital to constantly go beyond the field and add new skills and traits when we speak of business analytics. Technology is not something to be feared, but an adage to be embraced. Assimilating with AI will be crucial for the future of business analysts.
In Conclusion
The future of business analytics is a question relevant to all those connected to the field, from those learning and in the field to the businesses who hire analysts every other week. In this article, we covered what the future of business analytics holds. If the future of the field intrigues and makes you want to start a career as a data analyst, Kapil Heera Academy is a great place to start a business analytics course in Delhi and get a good head start into a stable career.
About the Author – Kumar Ranjan is a writer and blogger who has written several posts on the impact of business analytics on modern-day businesses. His field of specialty is data science and analytics.