THE ADVANTAGE OF ANALYTICS
With the growing availability of data and the maturation of analytics tools, it is possible to create data-informed solutions. Analytics can shed light on complex questions. Analytics is about using statistical analysis and predictive models to help solve complex problems. Analytics can provide insight into many uncertainties that an institution may face. Analytics must begin with a question or hypothesis.
UPS AND DOWN
Understanding the problem is the first step in solving any problem. It is easy to understand the problem and figure out the data required to solve it. Analytics is a complex process that requires us to create systems within our member institutions that collect this data in a consistent way. Many institutions face the challenge of keeping track of data, identifying what information is being generated, and simultaneously capturing it all to be analyzed in real-time.
CAREER IN ANALYTICS
Data analytics is a rapidly changing field. The roles of data analysts are not well defined. They can vary from one organization to another. Data analysts must draw insights from raw data that is collected by companies. An analyst working in e-commerce companies is expected to work closely with marketing personnel to identify segments that need marketing and the best product to invest in. Data analysts need to have a solid understanding of statistics and business.
Data analysts most commonly use R, Excel, and Structured Query Languages (SQL) Tableau. Analytics is a broad term. It encompasses many domains, including Web Analytics, Social Media Analytics & Website Analytics, as well as Healthcare Data Analytics. This career is not about learning how to use analytics tools. You must have the proper knowledge in the field you are interested in excel.
You will be able to find ways to follow this career path if you’re interested. You must first go out and get the knowledge you need to stand out among the rest. You can only thrive if you have guidance from people with a lot of experience. You will need to be an expert in your field in order to become a professional. You can begin by taking online training as a beginner.
WHAT DO YOU GET?
Online training courses can be beneficial in equipping you with the necessary knowledge to begin your journey as a data analyst. You can also learn everything from the comfort of your own home. Log in to browse the entire section of interactive quizzes and videos at your leisure.