Business Analytics refers to the use of sophisticated tools both to understand the vast amounts of data most businesses have available, and to put it to use in forecasting and in making better business decisions. Our group includes experts in Advanced Analytics, Operations Management, Management Science, Predictive Analytics and Business Statistics.
We are engaged in all aspects of analysing data, making forecasts and building models to assist in management decisions. These are vital tasks in every business area (including Finance, Marketing, Risk Management and Operations). There is a growing need for quantitative and analytical skills in the work force, and students who take our units, or major/specialisation, will acquire a valuable edge when they seek employment, upon completion of their degrees.
The discipline possesses research strengths in the areas of Financial Time Series and Quantitative Risk Management; Business and Economic Forecasting; Predictive Analytics; Econometrics; Bayesian Statistics; computationally intensive estimation; Supply Chain Management and Scheduling Theory.
The Discipline of Business Analytics collaborates with other areas within the University of Sydney Business School, in topics such as measuring and forecasting risk in financial markets, and also works with specialists in other disciplines to provide advanced levels of data analysis.