At the moment, the marketplace is undergoing a paradigm shift, with many people seeking jobs in analytics, namely in sectors such as artificial intelligence, machine learning, data science, and others. However, there is a widespread misconception that people with an IT or technical background can only succeed in an analytics profession. However, as the discipline advances, many sectors within analytics, such as business analytics, require more than simple technical proficiency.
Why Should You Consider a Career Transition into Analytics?
Numerous factors contribute to this, but you cannot ignore these five outstanding benefits:
- Massive Career Opportunities
- Business Opportunities Across Multiple Industries
- Significant Decision-Making Power
- Collaborating with Well-Known Organizations
- Enabling Better Communication Skills
What are the responsibilities of analysts?
You're likely familiar with the work of analysts. Their role, in broad terms, is to utilize data to resolve business challenges. However, the field of analytics has advanced at a breakneck pace during the last several years. In general, analysts fall into two categories.
They are analysts who create and disseminate insights, primarily through spreadsheets and presentations. These individuals are often embedded within the organization and rely significantly on their domain expertise. Their tools are well-known and well-understood by corporate users, albeit they are relatively constrained in terms of scalability. The term “Business Analysts” refers to these individuals.
Another sort of analyst has access to a broader range of technological tools. They are able to automate data workflows and scale their operations. They are called as “Data Analysts.” They relied a lot on the knowledge of people who worked for businesses when they were on technology teams.
Business analysts and data analysts both have the potential to add significant value to a business. Both are capable of applying commercial acumen to the creation of data products. The true distinction is in their approach to scaling their jobs.
How Can a Graduate Who Is Not a Techie Fit into Analytics Job Roles?
The job description may seem intimidating to a non-tech graduate, because analytics is a comparatively new subject of study for them. However, a student with a firm base in management can get into a business programme to get insights from data and make more informed decisions. They may also be able to use their knowledge of numbers to get the most important information from statistical data.
Which abilities do you require to succeed in the analyst role?
Non-tech individuals interested in a career in analytics should focus on the following expertise:
- Documentation and training
- Recognize process improvement in workflow management.
- Develop an in-depth knowledge of research, analysis, and data management.
- Acquaint yourself with software programmes and perhaps acquire technical skills.
- Developing proficiency with Excel
How likely is it that you will succeed?
No matter how sophisticated technology and analytics become, organizations will always require human understanding to evaluate data and extract insights for decision-making. As a result, an increasing number of businesses are searching for specialists to assist them with deciphering data and making data-driven decisions that will propel their organization forward. If you're interested in data analytics, no matter what your background is, you're ready.
What is the best way to enter this field?
All you need to do is enroll in a PGDM programme with a concentration in analytics and jumpstart your career. Global Institute of Business Studies (GIBS) is a prestigious business school in Bangalore that provides a postgraduate diploma in business analytics. GIBS is well-known for its cutting-edge educational approaches and excellent placement rates across the world. Additionally, its educational system is capable of transforming students with non-technical backgrounds into competent business analysts. You can contact the GIBS hotline with any questions about the PGDM in business analyst programme.
The Post-Graduate Diploma in Management (Finance) program aims to create a cadre of professionals having specialization in the area of Finance.
IMT Hyderabad offering PGDM in Finance.
It equips the students to develop strong analytical and problem-solving skills with an ethical mindset.
It allows them to develop the ability to think critically and operate successfully in a dynamic business environment.
The program enables the participants to understand business challenges holistically and recognize the interplay of finance with other disciplines.
The finance department is the backbone of any business If you have an interest in investments, portfolio management, borrowing, securities analysis, fundraising, collections, disbursements and handling financial activities of a business, marketing, a PGDM in finance should be your pick.
The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
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The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
