A recent report
on The
Economic Times highlights data analysis is a crucial skill valued
by employers across industries. It involves extracting insights from raw data
using statistical tools. Lokesh Nigam and Krishna Kumar emphasize its
importance in decision-making and career growth.
In the
fast-paced, high-tech and data-driven market, one skill that has gained immense
prominence in the eyes of employers is data analysis. Irrespective of the
industry and role, the ability to extract valuable insights from a collection
of pure raw data is highly valued.
Given the
demand for such roles now, it's no longer an additional competency but a
necessity for fresh graduates.
In an
atmosphere where almost every sector relies on data for impactful
decision-making, individuals with remarkable data analysis skills in their
arsenal can easily get access to multiple career growth opportunities. That is
why individuals must understand the importance of this skill and learn how to
cultivate and leverage it to build a successful career path.
Data
analysis: What and why
Data
analysis is the ability to collect, process and interpret data to extract
meaningful insights, says Lokesh Nigam, Co-founder and CEO, Konverzai. Various
statistical tools, software and methodologies are used to identify the
important patterns, trends and relationships within data sets.Elaborating on
why employers are on a hunt for candidates who possess these skills, he says it
enables organisations to accurately forecast problem statements, strategically
plan, and optimise individual and team performance. Besides, when raw data is
transformed into actionable insights, organisations get a better understanding
of market trends, making the products and services more efficient.
Consequently, better decision-making offers them a competitive edge in the
market.While the need to analyse data has impacted every industry, there are
some industries that value this skill more than others. Both the experts list
finance, internet and technology, healthcare, marketing, social sciences and
academia, manufacturing and supply chain, and e-commerce as segments with a
significant demand for this skill.
Key roles
that thrive on this skill are data scientists, business analysts, financial
analysts, market researchers, data visualisation specialists and healthcare
data analysts, say experts.
Role of
data analysis in career advancement
Early
expertise in data analysis allows the candidate to tackle complex challenges,
contribute to strategic initiatives, and demonstrate their impact through
data-driven results, says Nigam. Since data is an integral part of any business
growth strategy, he explains that those with strong data analysis skills are
well-positioned for leadership roles and continuous career growth.Simplilearn,
as an upskilling platform, also has a bunch of well-constructed programmes
around data analytics, data science, and associated areas that can help build
foundational skills and kick-start an analytical
career.
Read more at:
https://economictimes.indiatimes.com/jobs/fresher/freshers-take-note-data-proficiency-is-becoming-the-key-to-multiple-career-opportunities/articleshow/110868836.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst