As no industry wants to fall behind in the use of data analytics to grow business, there’s no shortage of demand for Master in Business Analytics grads
Data is everywhere. From the data that’s unknowingly collected by social media sites while scrolling to the data analytics that businesses utilize when analyzing market trends and gaining a competitive advantage. This reliance on data in the modern world results in a huge 2.5 quintillion bytes of data being produced globally each day. This means that in today’s technology-focused society, industries can utilize data like never before to not only identify problems before they arise, but also grow their business.
A Master in Business Analytics could give you the cross-industry skills needed to navigate this minefield, opening doors to exciting career opportunities.
So, what are a few of the top industries for Master in Business Analytics grads?
Healthcare
Using data in the healthcare industry can result in the early detection of diseases, personalized patient care, and help measure the effectiveness of treatment.
In the Online Master of Science in Business Analytics program at the University of Oklahoma Price College of Business, students explore case studies of different industries and how companies implement data analytics.
Mary Sumner, professor of Management Information Technology at OU's Price College of Business, explains how companies such as Phillips Healthcare have innovated their healthcare devices by utilizing analytics to more closely monitor vital signs and health conditions in their patients.
“What Philips have done is very interesting—they have become extremely proactive in using data and analytics to better manage and improve the quality of healthcare,” she says.
The ‘Healthcare Analytics’ course in the Online Master in Business Analytics allows students to further hone their knowledge about how data can be utilized to evolve patient care.
Banking and financial services
Financial institutions and banks are increasingly using data analytics in new ways to manage different areas of risk and improve the customer experience.
For example, detecting and protecting customers who are at risk of fraud or operating AI-driven chatbots and virtual assistants.
The financial services sector has also seen the rise of cloud banking since the Covid pandemic as more firms look to operate virtually and digitalize the workforce.
Major financial institutions such as Deloitte and Ernst & Young (EY) are hiring cloud computing specialists to help drive this transition.
The ‘Cloud Computing’ course offered in the Online Master in Business Analytics course at OU's Price College teaches students how to implement cloud-based solutions in businesses. Courses like these help students feel prepared when entering data-focused roles in the banking sector and beyond.
Retail
Propelled by the pandemic, the e-commerce market is booming, and competition between online retailers has reached new highs.
Implementing big data and machine learning into business strategy has led to an increased understanding of consumers, augmented reality-driven shopping experiences, and personalized marketing.
Walmart, for example, has created Social Genome—a big data analytics solution that analyzes social media data to reach customers who mention their products and targets them with discounts.
“Walmart captures 40 petabytes a day of data. Analyzing this means they can forecast buying behavior and optimize their inventory,” says Mary.
With this amount of data within retail, there is demand for Master in Business Analytics grads who understand key programming systems such as Python and R and can leverage their understanding to stay competitive.
In addition to learning these systems, students the Master in Business Analytics program at OU Price College, learn about how different types of data can be used to drive innovation through courses such as ‘Social Analytics’ and ‘Digital Innovation’.
“Think about the amount of time people spend on their cellphones and the ton of data this creates that companies can utilize,” says Wilfred Wu, program director of the Online Master in Business Analytics.
Energy
Data analytics plays a crucial role in reducing energy consumption and improving energy efficiency. As businesses work to achieve sustainable targets, energy companies can provide key solutions to help firms meet these goals.
When teaching the Master in Business Analytics program at OU's Price College, Mary highlights the case study of Schneider Electric—a Global Fortune 500 energy management and digital solutions company.
“Their use of data analytics to track performance and energy utilization across all their devices has expanded their market by tenfold,” says Mary.
Demand for business analytics grads is only increasing as the global power industry saw a 21% rise in big data roles in the third quarter of 2022 alone. These companies included Siemens, NextEra Energy, and Schneider Electric.
As the pandemic has led to a surge in the pace of digital development across industries, the need for data-savvy grads has become essential to close the digital skills gap.
“Data is the future of every industry and vital if businesses want to give themselves a competitive advantage in the marketplace,” says Wilfred.
In a world of hybrid working and digital transformation, obtaining a Master in Business Analytics will give you an attractive skill set in data science, programming, and digital business analysis to prepare you for data-driven roles in any industry.
Student Reviews
University of Oklahoma - Price College of Business
an Unregrettable choice of university
The University of Oklahoma has been a great experience for me. The professors are all very knowledgeable and willing to help where needed. The campus is also very beautiful and there are plenty of activities going on all the time. The student body is also really friendly and I have made a lot of new friends here. Overall, I'm really glad I chose OU and would recommend it to anyone looking for a great college experience.
It is a life changing experience for me.
I am enrolled in a Ph.D. program that is research-intensive. I get continuous guidance from my supervisors that help me to conduct my research skillfully. I will gladly recommend students to study here.
Good institution
Good institution for in class courses. Online classes are pretty hard because the instructors are most of the time not available. The student has to do everything on their own without any assistance.
Best school ever
This has been the best experience. of my life! Freshman year completely changed my life in so many ways! Through club’s organizations and social events the university of Oklahoma became my home. I loved being there
Amazing Univeristy
OU is an amazing university. Love the athletic department so much. They have so much hype and love for their athletes and students typically maintain a healthy lifestyle. I’m engineering student and OU has one of the best teachers and facilities I had so far. I know their engineering program is prestigious but I don’t know much about the other departments. Beautiful campus and amazing social events. Diversity is enormous. LOVE IT SIMPLY.
Getting the best at OU
I am a current student at the University of Oklahoma and I must say, I am extremely impressed with the quality of education and resources available here. The professors are knowledgeable and truly care about their students' success. The campus is beautiful and there are always events and activities happening. The community at OU is welcoming and diverse, making it a great place to grow and learn. I highly recommend this university to anyone looking for a well-rounded and fulfilling college experience. Boomer Sooner
Everybody is really helpful over here
The university has beautiful buildings and scenic fields with benches for enjoying the weather. There are a lot of nice students, so it's a pleasant experience. I thoroughly enjoyed the classes and gained valuable knowledge from the professors. It was a pleasure to work with my professors during my first year, as communication was easy and they consistently made themselves available during office hours, accommodating any scheduling conflicts. I had a smooth academic transition into college thanks to the great faculty.
Oklahoma
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well maintained facilities
The OU campus is truly breathtaking with its vast green spaces and modern facilities. These facilities are contemporary and meticulously maintained, housing state-of-the-art science labs, a vast digital resource library, and cozy study areas perfect for late-night cram sessions. As someone from Oklahoma, attending this university has been a dream come true and has provided me with the most fulfilling years of my life. My freshman year was incredibly enjoyable, filled with fantastic friends and daily adventures. The friendships I've established here are lifelong, and I feel immense gratitude for my time at OU.
a home far from home
Attending the University of Oklahoma brought back nostalgic memories for me. My sister graduated from this university in May 2019, and while she had spoken highly of it, she hadn't quite captured how much I would come to adore this school. It has become a home away from home, with its welcoming atmosphere, kind professors, stunning campus, and impressive football team that resonates with my high school football experiences. I am grateful for the chance to study at the University of Oklahoma and receive an exceptional education.
psychology major
Honestly, I was not expecting to enjoy the University of Oklahoma (OU), but I ended up falling in love with it. Your college experience at OU largely depends on what you invest in it. While it was sometimes challenging to build friendships and step out of my comfort zone, the university offers numerous clubs and opportunities to engage with new people. As a psychology major at the University of Oklahoma, I firmly believe that the professors and the quality of education surpass those of any other university psychology program. This enables students to connect with professionals globally and fosters personal growth. In terms of academics, I find that professors are highly accessible to students, and there are abundant resources available to support academic achievement.
great support
The campus offers a wide range of dining choices and excellent accommodation. It is reasonably affordable and offers support in locating scholarships and financial advisors to help students manage their finances. My overall experience has been far more positive than I anticipated, and I am completely satisfied with my decision to enroll at OU.
Beautiful campus scene
The University of Oklahoma has such a large and diverse population that you can't help but find your place here. There are many colleges, courses, and professors to choose from. I grew to love the environment, social life and community. The school has an amazing and breathtaking campus with many clubs and ways to get connected.
architecture program
I have been able to explore a wide variety of academic subjects during my studies. The university's dedicated faculty members have been crucial in fostering my intellectual development and providing guidance. I have always felt supported by the staff and my professors, especially in the field of architecture. My experience so far has been a positive journey.
passion for literature
The University of Oklahoma created a fantastic educational setting that blends a passion for classical works with modern research. As a student at the university, I observed a diverse array of opportunities available not only to myself but also to other postgraduate students. I appreciate the variety of campus events and the vibrant nightlife.
