nhcm logo


“Seminar on Application of AI in Business Analytics”

IQAC Presents
“Seminar on Application of AI in Business Analytics”

Session Duration : 1 hours

Time : From 10:00 AM to 11:00 AM Date : 10th JAN 2023
Venue : Chanakya Seminar Hall

Department : BCA

Resource Person : Mr Rajesh K Jeyapaul,
AIOps Engineering Lead at IBM India Software Labs

Target Audience : III Sem BBA

Participant Strength : 150

Faculty In charge : Mr. Annop A, Assistant Professor BCA dept
Ms.Ms Janaki M, Assistant Professor BCA dept.

Objective of the Event:

The primary objective of business analytics is to help organizations make better data-driven decisions by analyzing and interpreting data and providing insights that can inform strategic and tactical business decisions. Business analytics can be applied in a variety of areas, including marketing, finance, operations, and human resources, to help organizations improve efficiency, reduce costs, increase revenue, and gain a competitive advantage. Some specific objectives of business analytics include:

1. Identifying trends and patterns in data: Business analytics tools can help organizations identify trends and patterns in data that may not be immediately apparent, which can inform decisions about how to allocate resources and make better predictions about future performance.

2. Improving decision-making: By providing data-driven insights, business analytics can help organizations make more informed and accurate decisions, rather than relying on assumptions or gut instincts.

3. Improving efficiency: Business analytics can help organizations identify inefficiencies and areas for improvement, leading to more efficient processes and cost savings.

4. Increasing revenue: By analyzing data on customer behavior and preferences, organizations can identify opportunities to increase sales and revenue.

5. Gaining a competitive advantage: By analyzing data and gaining insights that inform strategic decisions, organizations can differentiate themselves from competitors and gain a competitive advantage.