At the intersection between data science, statistics and management, Business Analytics consists of using data to inform strategic decision making under uncertainty and to optimise business processes. In the digital economy with the proliferation of data, businesses have understood the tactical and strategic importance of analytics - the learning from data - as a critical field to detect and monitor client behaviours and expectations, or even future market trends.
Business Analytics tries to answer the following questions: "What has happened?" (descriptive analytics), "Why did it happen?" (explanatory or diagnostic analytics), "What will happen?" (predictive analytics) and "What should be done?" (prescriptive analytics). As such, Business Analytics is about bringing the business questions to the data.
Investing in Business Analytics can lead to a substantial competitive advantage, which, in certain sectors, ensures prosperity or even survival. Analytics is also one of the most promising approaches for public authorities who, in terms of transport, energy or public health, are required to manage and leverage the explosion of data to generate greater value for both businesses and society.
Given the increasing importance of "big data" in the economy, GSEM offers a new master program in Business Analytics that provides a wide range of career opportunities. This program responds to the growing need of medium to large organisations to leverage the use of data and to transform data assets into better management decisions.
With the proliferation of data and the present lack of analytical talent, students of the Master in Business Analytics will have excellent career opportunities across the globe. The McKinsey Global Institute estimated in 2016 a demand of 2 to 4 million “business translators” that serve as the link between analytical talent and practical business applications in the US economy by 2026. In 2017, the Business Higher Education Forum and PricewaterhouseCoopers projected data science and analytics-related job postings in the US alone to grow from 2.35 million in 2015 to 2.72 million by 2020.
The application procedure opens every year at the beginning of January.
Applications close on 28 February for all students.
There is only one Master intake in September every year. Attendance is mandatory for admitted students from day one.