The evolution in technology
has kick started a revolution in the digital space. No longer can businesses
afford complacency. The cut throat competition has left no room for even the
slightest of error. A single error in judgment and the business will see itself
knocked out of the competition. This is the main reason why businesses are
leaving no stones unturned. They are employing themselves with compressive
processes and systems that deliver the exact preset goals
Analytics is the need of the
hour. Businesses strive and prosper based on insights received from analytics.
And why not? Businesses that utilize analytics stand a strong chance of
survival in the tightly competitive business environment. According to the
International Institute for Analytics, businesses that deploy analytics will
witness $430 billion in productivity benefits as compared to competitors who do not use analytics. Even the
slightest competitive edge and a company is far ahead from its competitors.
It isn’t hard to guess that
analytics paves way for businesses. With constantly evolving technology, the analytics
industry is predicted to be a big industry in the coming years. The International Data Corporation (IDC) has
predicted that worldwide revenue for big data and business analytics will grow
to more to more than $ 203 billion by 2020. The benefits of which are massive
and the future is bright and the industry is booming. What does this indicate?
That a career in data analytics will be lucrative.
It is a right career choice
not only for a fresher but also for someone who plans make a shift.
If you are willing to switch and desire a
career the following will help you:
With every company and
research firm employing analytics for rapid and strong decision making a career
in analytics was never so valuable. With many e-commerce portals and online
business setting up the scope of analytics is far reaching. Switching to a
career in data analytics will prove to be a wise decision as the requirement
for data analysts is widely growing. So let’s look at how you will have to go
about switching your career
First ask yourself do you have the necessary skill set that will
encourage and support your decision to choose an alternate career path. Are you
ready to invest your time in learning the tools and programming languages?
Skills required for data analysts
Problem solving attitude:
Deriving conclusions and getting insights from huge data sets requires a
problem solving attitude.
Critical thinking and
analysis skills: It is imperative for analysts to think about the problem and
find multiple solutions.
skills: After the inferences and conclusions are drawn from the chunk of data
they need to present in a systematic manner. Effective communication skill will
give you an added advantage.
Mathematical and statistical
aptitude: When we talk about analytics a good analyst has a strong foundation
in mathematics: Calculus, algebra, probability, statistics.
The results of analysis can
be used to make rapid decisions, change practices or use it to ensure customer
Programming skills: A
compressive and thorough understand of knowledge of programming languages will
give you an edge over the competition. According to results from the
poll 91% of the respondents use R,
Python, SAS, and SQL.
Mastery over the
programming languages will ease your chances of a steep growth in the field of
analytics. Knowledge of excel will also be of utmost use.
If you find your capabilities match to the
list of skills then the switch won’t be that arduous.
learn the tools: Simply speaking your current work experience won’t count when
stepping into analytics. But worry not your career switch will happen
seamlessly you equip yourself with the tools and programming languages.
Learning will prepare you for the big leap.
institutes offer online courses and many blogs are available that will ease
your understanding and guide you in the right manner. Many professionals share
their knowledge and following them clears many doubts that cloud your judgment.
115-116 Spon End, Coventry - CV1 3HF United Kingdom