This degree is shared between the IT-SCM department and the Department of Economics. The Business and Economic Analytics degree provides its graduates with the skill set necessary to turn Big Data into actionable information that supports strategic decisions.
What does a Business/Economic Analyst do?
“Think analytically, rigorously and systematically about a business problem and come up with a solution that leverages the available data.”Michael O'Connell, senior director of analytics, TIBCO
“Data scientists are involved with gathering data, massaging it into a tractable form, making it tell its story, and presenting that story to others.”Mike Loukides, VP, O'Reilly Media
“The goal is to turn data into information, and information into insight.”Carly Fiorina, former CEO of Hewlett-Packard Company
As a Business/Economic Analyst student you will learn:
- business concepts, math and statistics that will help to identify and describe business problems and opportunities
- programming and databases to extract data needed for statistical analysis
- to present your analysis in a manner that demonstrates the business value of the results
Are there jobs? YES!
From Game changers: Five opportunities for US growth and renewal, McKinsey report: “By 2018 the United States will experience a shortage of 190,000 skilled data scientists, and 1.5 million managers and analysts capable of reaping actionable insights from the big data deluge.”
For more information on the Business and Economic Analytics degree, contact Zeynep Hansen (email@example.com), chair of the Department of Economics or Tim Chenoweth (firstname.lastname@example.org), Associate Professor of ITM.