The coalescence of technology within various educational disciplines has created both an opportunity and a challenge. The opportunity is in the form of innovation, allowing transfer students to grow with new paradigms. This can be clearly seen with the success of hybrid models such as management information systems (business and economics) and bioinformatics (biology and computer science). Degree programs are adapting to the needs of our economy.
The challenge lies in the rising competitiveness in the market, inciting the need for graduates/students well versed in business intelligence. Not only does it serve as an additional bonus, it also allows outgoing transfer students to pursue their own ventures.
A recent survey indicates that a lot of organizations and enterprises believe that they lack in business intelligence. Furthermore, they highlight the need for business intelligence in education and services. At least 25% of the companies admit their business intelligence capabilities are ‘inadequate’.
Business intelligence & the knowledge economy
In light of technological advancements, business intelligence can be designated as ‘knowledge economy’. Companies need to make intellectual capital a basic part of their organizational strategy, so there is a need for critical development, creation and encapsulation of value for knowledge and their related competencies.
Certain trends can help transfer students to follow the requirements of developing business intelligence. For example, certificates of business programs and training on business intelligence-related subjects can give a major boost to the career of a recent graduate in light of an above discussion. AOL points out professional certifications that are high in demand and mentions courses like project management, corporate training and professional sales, all of which aid in development of business intelligence.
Also, information on 6 Sigma green belt from the College Network shows companies are now focusing on what customers have to say and requiring tools that meet their needs. As a result, certifications that teach employees and suppliers about how to reduce wastage and increase quality (better intelligence) are being required by employers, while institutes are opening up doors to such courses to busy professionals online.
Researchers conducted a study on the efficacy of business tools at the National Institute for Health Research. The main purpose of the study was to decipher the importance of business intelligence and how it can impact the management of information needed in decision making processes.
As a sample, QlikView was used and the results were observed in the clinical research delivery arm. It was reported that the usage of business intelligence from employees and this tool led to better data assimilation as well improved quality of routine process.
This clearly shows organizations that are submerged in disciplines can positively benefit from business intelligence. It is also important to note that companies are realizing that the input of employees comes first compared to other tools – a reason why they’re raising the bar through six Sigma training and other certifications.
Modern transfer students have to think out-of-the-box for attaining credentials that lead to a better future. While transferring to Ivy League schools like Harvard or Cornell are great, your road does not end there. Precedents such as those described above will map a career that is not only adequate in the main field, but also decorated with the added edge of business intelligence.