The online Master of Science (MS) Management Information Systems with Business Analytics Certificate program from the University of Illinois Springfield (UIS) develops hands-on experience for leadership roles in the data-driven business environment. UIS designed the accredited, 100% online curriculum to provide working professionals with the expertise and insights for career success in advanced data collection, communication, networking and analytics.
Why Is Data Communication Becoming Increasingly Important in Business Analytics?
Data communication and networking are essential to business operations, interactions and growth in today’s business world. Every enterprise, regardless of size, requires efficient data transmission to remain competitive and relevant.
According to GlobeNewswire, the global business data communication and networking market was valued at $26.5 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. This growth reflects the critical role of information system analysis and design that enables real-time information exchange, facilitating collaboration and supporting decision-making processes.
Businesses that optimize their data communication and networks can significantly enhance their analytical capabilities. That positions them to make better-informed decisions more quickly and with greater degrees of certainty, improve operational efficiency and gain a stronger competitive position in the market. Specific benefits include:
- Faster data processing and analysis
- Real-time analytics
- Enhanced data integration
- Scalability
- Improved data quality
- Cost reduction
Accelerating data transfer also enables businesses to analyze larger, more complex datasets, expanding the scope and depth of their analytics. In addition, streamlining networks supports better collaboration by simplifying data sharing across departments.
How Programming Languages Optimize Data Communication and Networks
In theory, any programming language can be used to develop application programming interfaces (APIs). An API is an interface software between applications that enables them to communicate. APIs simplify integrating systems, particularly in cases where legacy systems are involved, enhance security and improve data transfer. The choice of language depends on specific project requirements, performance demands and existing technology.
Python, for instance, provides tools that simplify data communication over the internet and between computer systems. Another popular language, JavaScript, facilitates website communication with servers and other sites when dealing with large amounts of data or real-time updates. C++ enables developers to write code for APIs that manage multiple network connections simultaneously, so programs run faster and more responsively. Ruby is often used for its simplified syntax, which lets developers focus on solving business problems instead of wrangling language rules.
The Benefits of Optimizing Business Analytics Through Programming
Developing software that accelerates the collection, organization and analysis of data generated from an ever-expanding universe of sources is critical to providing them with real-time analytics. In supply chain management, data sources include internal enterprise resource planning (ERP), warehouses, the Internet of Things, point-of-sale, transportation and logistics, and manufacturing. Effectively integrating and leveraging data from these disparate sources is essential for gaining end-to-end supply chain visibility and enabling data-driven decision-making.
A McKinsey & Company survey found over 90% of companies invested in new supply chain technologies. Most sectors plan continued investment, though automotive and healthcare show slight slowdowns. The focus of these investments is evolving, likely due to the successful implementation of earlier projects. For instance, supply chain visibility, previously the top priority, has dropped to fourth place as many companies target improvements in demand forecasting and supply planning.
However, the report states that most respondents reported lagging behind their benchmarks. “An acute shortage of talent is holding organizations back in their efforts to accelerate digitization and implement advanced planning systems,” the report concluded.
How Professionals Acquire Expertise to Enhance Data Network Efficiency
The UIS online MS in Management Information Systems – Business Analytics program’s core curriculum explores data transmission across various networks, focusing on network architecture, protocols and security. It also immerses students in database design, data modeling, and business intelligence and analytics. It covers descriptive, predictive and prescriptive analytics, as well as big data and emerging technologies.
A supply chain elective examines modern logistics management, addressing strategies for risk mitigation, sustainability and IT integration in supply chains. Throughout the program, students gain practical skills in network management, database design and supply chain optimization, preparing graduates for leadership roles in technology and business management.
Learn more about the University of Illinois Springfield’s online Master of Science Management Information Systems with Business Analytics Certificate program.
