![]() The EMC Digital Universe Study predicts that by the year 2020, 1.7 megabytes of new data will be created every second for every human on the planet. Just how big is big data? Really big, and getting bigger all the time. The Amount of Data That Companies Collect Gets Bigger and Bigger… You can think of business analytics as ‘data science for business.’” machine learning) but the set of questions they seek to answer are often different. Data Science uses many similar tools (e.g. Professor Vincent Nijs, co-director with Professor Terrence August of the Master of Science in Business Analytics program at the Rady School of Management at UC San Diego, describes the field this way, “I think of business analytics as the field focused on how to use data and models to make better business decisions. The Rady School of Management at UC San Diego offers a forward-thinking Master of Science in Business Analytics that teaches its students how to grapple with the reality of big data using business analytics. The success of business in today’s global economy depends on it. We live in an age of bigger and bigger data-and businesses need ways to sift through it all, to figure out which combinations of data count-and which ones don’t. “Not everything that can be counted counts, and not everything that counts can be counted,” attributed to Albert Einstein, explains the purpose of business analytics perfectly.
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