Overview
The latest statistics suggest that the global numbers for business analytics as a service are likely to reach $132.9 billion by 2032. What is best is that in 2023 alone, 91.9% of organisations reported benefitting from investments in data and analytics. With 1.4 million new jobs expected to be created in this field between 2023 and 2027, business analytics is surely emerging as a crucial skill for professionals in the modern workforce.
Business Analytics basically revolves around tapping on the power of data to ensure effective decision-making, improved efficiency, and first-class customer experiences. No wonder business analytics is being highly valued across different industry verticals, be it banking, healthcare, or any other. This is why we at the Indian School of Business and Finance (ISBF), positioned among the top 10 private colleges in Delhi, have crafted a highly industry-centric B.Sc. (Hons) program in Data Science & Business Analytics, which is intended to prepare students for the professional world.
Delivered in collaboration with the University of London and academically directed by the London School of Economics (LSE), the program equips students with the analytical skills necessary to excel in diverse industries. Today, in this blog post, let us see how the scope and impact of business analytics are expanding across different industry verticals.
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Banking and Finance:
We all know the extent to which fraud and identity thefts have shot up in the banking and financial services sector. Amidst this, taking manual cognisance becomes difficult, and this is exactly where business analytics step in to identify suspicious transactions.
Moreover, personalisation is key in this industry. Here again, business analytics helps with building customer personas and customising financial products thereafter. Risk management is another area where business analytics proves handy.
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Telecommunications:
Customer churn is a significant concern in the telecommunications industry, directly impacting revenue and profitability. In 2025, churn rates continue to vary across regions and service types, influenced by factors such as network quality, pricing strategies, and customer service. This is where business analytics steps in to offer on-point retention strategies. Data organised through this mode also helps telecommunication service providers in improving their bandwidth and quality of service. Moreover, customer support is an important pillar for the telecommunications industry, polishing which, is again something that business analytics helps with.
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Manufacturing:
Manufacturing is a competitive industry, which usually yearns for support from strong supply chains. This is where business analytics offers assistance by monitoring and optimising logistics, reducing costs, and looking for and filling gaps.
Let’s say, for instance, a graduate from ISBF’s Data Science and Business Analytics program decides to start his/her start-up. Preliminary understanding and expertise in business analytics shall help him/her to foresee failures and reduce downtime while also ensuring optimum quality control. All because of the knowledge and industry insights gathered as a part of the academic curriculum. This shall then act as a competitive advantage for their business.
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Healthcare:
The impact and contribution of business analytics in healthcare is something we cannot oversee. Business analytics continues to remain at the forefront of patient care optimisation. The idea here is to analyse patient patterns to derive better treatment options and eventually improve clinical outcomes.
Forecasting potential health risks is another area where business analytics comes to the rescue by analysing historical data. Moreover, a branch of business analytics known as data modelling is believed to accelerate clinic trials, thereby contributing to drug development.
Business Analytics is Omnipresent & Here to Stay!
In this blog post, we have only explored four sectors benefitting immensely from the inclusion of business analytics. However, if you look at a broader level, business analytics has a substantial contribution to make across retail, e-commerce, energy, transportation, logistics, education, and even the public sector.
This means no matter which industrial sector you belong to or prefer to join in future, an in-depth understanding of business analytics, backed by a degree from ISBF, is sure to add to your potential. Some of the perks of taking up the B.Sc. (Hons) program from ISBF are getting a degree from the University of London while studying in India, an opportunity to learn the London School of Economics curriculum, a GMAT/GRE waiver when applying for a Master’s Program in the UK or USA, and the best of all, transfer to LSE in the second year for well-performing students.
So, if the field of business analytics captures your interest, wait no further; apply to ISBF, one of the top 10 private colleges in Delhi, and kick-start your journey to success!