PGDM in Data Science - Demystify Data & Strengthen Your Analytical Skills

Posted by ISBR on February 20th, 2023

Do you know that over the past few years, the usage of data science and business analytics is spreading like a fire in the forest? According to an analysis by fortune insight, "The global data analytics market size is projected to boost from 1.83 billion in 2022 to 5.53 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 13.4% in the forecast period."

The PGDM in Data Science and Business Analytics management program teaches students how to use cutting-edge programming tools and computer languages to make predictions and solve real-time complex business challenges.

The program trains students to become masters in business and management skills. It also develops strong knowledge to plan and make strategies like how to solve big and small organisation issues. It will enable students to succeed in the job market once they complete the course.

The program is an interdisciplinary field of study that has gained the status of being all-pervasive across a variety of functions and domains.

PGDM in Data Science and Business Analytics – An Overview

Post Graduate Diploma in Business Analytics & Data Science is a two-year management program that helps students to immerse themselves in technology, communication and business to build a rewarding career.

The course teaches students how to use vast amounts of data to effectively enable business and management decisions. It is a diploma program rather than a degree course, and only universities governed by the University Grants Commission (UGC) can award PGDM in Data Science degree.

Several trending technologies and tools, like Excel, Python, SQL, TensorFlow, Anaconda, Tableau, etc., are used by students to analyse data. With the help of these tools, students can pursue their dream job in their dream companies.

PGDM in Data Science Eligibility Criteria

The demand for Post Graduate Diploma in Business Analytics & Data Science is continuously increasing because it is a trendy and most pursued course by students. This is why thousands of students take admission to this degree course every year, and every university has different PGDM in Data Science eligibility criteria.

The following are some of the critical PGDM in Data Science eligibility criteria:

• Students need to clear a bachelor's degree from any recognised board.

• They need to have approx 45-55% marks in their previous education.

• Students must appear for entrance exams such as GMAT, CAT, XAT, MAT, NMAT, CMAT or institute-specific exams.

• According to some universities, applying for a course has no age limit.

In some universities, students also appear for Personal Interviews and Group Discussion rounds to complete the PGDM in Data Science eligibility criteria.

Who is a Data Science and Business Analytics Course For?

The course has been demanded by most undergraduate candidates across India. So look at the points listed below, which will explain to you who should pursue this course:

• Candidates who want to study the fundamentals of statistics.

• Non-technical business analysts.

• Mid-level data technology professionals.

• Students who are passionate about numbers and quant analysis.

• Healthcare, Marketing, Engineering or domain-based experts who wish to use analytics.

• Students interested in software engineer profiles can enter the Data Science field.

Career Opportunities After PGDM Business Analytics & Data Science

Students will also learn large-scale data manipulation knowledge and advanced applicable skills to curate, collect, encode, and store data sets. This knowledge and skills can be used, reused and repurposed to solve real-life problems and predict future business decision-making patterns.

Where will this problem-solving and decision-making skill or knowledge be used? Students can use this knowledge in jobs they are going to take according to their interests. There are endless careers students can take.

According to the KPMG report, 50% of the workforce would prepare for Post Graduate Diploma in Data Science and Business Analytics and related technologies in the next few years. Have a look at the listed below career option-

• Data Architect - The data architect's responsibility is to create procedures to ensure data accessibility and accuracy.
  
  In addition, the data architect defines, analysing, and plans the data architecture framework, including security, reference data, metadata, and master data.

• Data Scientist – Data Scientist's role is to collect vast amounts of data using programmable, statistical and analytical skills.
  
  They use machine learning tools or techniques to create unique features and optimise classifiers.

• Data Engineer – A data engineer's responsibility is to work in a variety of settings to build and design systems that manage, handle, collect and convert raw data into usable data for business analysts to interpret. In addition, data engineers professionally build and maintain data systems.

• Data Analyst – The data analyst's responsibility is to analyse data using statistical techniques, maintain databases, gather data from primary and secondary sources, and identify and interpret trends from the data.
  
  They store and collect data on market research, linguistics, sales numbers, logistics, or other behaviours.

• Data Manager – After completing Post Graduate Diploma in Business Analytics & Data Science course, students can pick a data manager profile as a career option. The data manager's responsibility is to design processes for data analysis and extract valid data and other precious information.
  
  They also understand business goals and operations and prepare and present financial and operating reports.

Conclusion

The Post Graduate Diploma in Business Analytics and Data Science course is known for its new increasing breed of experts, which are highly needed nowadays. It focuses on principles of Computer Science, Mathematics, Statistics, and Data Technology to get actionable insights from data.

After reading the write-up, you have already decided to take the PGDM Data Science course and guessed which job role is best for you. However, this course is key to an international career, so pursuing it from the best universities will land you lucrative career options.