Operations research analysts have strong skills of quantitative reasoning and the ability to think critically which they use to solve complex problems. These professionals improve business practices of companies by studying their cost effectiveness, labor requirements, product distribution and other factors influencing their day-to-day operations.
Operations management courses in India develop students into high-level problem-solvers who employ advanced techniques, such as big data mining, optimization, statistical analysis and mathematical modeling, to provide solutions that help businesses and organizations with greater efficiency. The problems they tackle involve determining allocation of scarce human resources, money, equipment, or facilities.
Companies are always looking for ways to get the most value out of data. They invest heavily in analytics platforms and seek the right individual to turn raw data into an intelligent business asset.
Typical duties of an operations research analyst are:
- Analyzing data and information
- Working with sophisticated math software
- Gathering and organize data for problem solving
- Identifying business problems particularly in logistics, production or sales
- Write reports that outline findings and recommendations
- Communicating results and suggestions to colleagues, supervisors andexecutives
Operations research analysts are involved in all aspects of business. Right from identifying and understanding business problems to be solved, to helping managers decide how to allocate resources, they are responsible for improving overall business performance.
Below are the most sought-after skills for this job profile:
As operations research analysts use a wide range of tools for problem solving such as forecasting, data mining, and statistical analysis, they must have strong analytical skills.
They are responsible for gathering information to draw results from. This includes interviewing people and documenting responses. They are also in charge of communicating technical information to people who may not have a technical background.
Operations research analysts determine which information is relevant to their work. They also make decisions regarding the costs and benefits of alternative solutions before they make a recommendation.
Solutions to operations problems are almost never obvious. Analysts rely on their skills creative problem solving for this.
The models and methods used by operations research analysts are usually based in statistics, calculus, linear algebra, and other advanced mathematical disciplines. Strong skills in this subject makes their job much easier.
Due to the invaluable contributions they make in an organization, operations research analysts can be found in virtually every industry.
The demand for these professionals is high in the current economy and is expected to rise up to 25% by 2026, which is much faster compared to the average for any other occupation.
you have a keen interest towards learning and applying operations management from a more theoretical perspective, the career path of an operations research analyst is the right one for you. The skills that an operations research analyst needs to thrive in this domain are inherent to engineers. It is only natural then, that an MBA in operations for engineers is not an uncommon career progression anymore.