By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 Min Read
    benefits of data analytics for financial industry
    Fascinating Changes Data Analytics Brings to Finance
    7 Min Read
    analyzing big data for its quality and value
    Use this Strategic Approach to Maximize Your Data’s Value
    6 Min Read
    data-driven seo for product pages
    6 Tips for Using Data Analytics for Product Page SEO
    11 Min Read
    big data analytics in business
    5 Ways to Utilize Data Analytics to Grow Your Business
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: A New Breed of Analysts…
Share
Notification Show More
Latest News
cloud-centric companies using network relocation
Cloud-Centric Companies Discover Benefits & Pitfalls of Network Relocation
Cloud Computing
construction analytics
5 Benefits of Analytics to Manage Commercial Construction
Analytics
database compliance guide
Four Strategies For Effective Database Compliance
Data Management
Digital Security From Weaponized AI
Fortifying Enterprise Digital Security Against Hackers Weaponizing AI
Security
DevOps on cloud
Optimizing Cost with DevOps on the Cloud
Development
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Analytics > A New Breed of Analysts…
AnalyticsCommentaryJobs

A New Breed of Analysts…

Editor SDC
Last updated: 2011/10/07 at 11:44 AM
Editor SDC
4 Min Read
SHARE
- Advertisement -

A few days ago, I wrote about the analyst function being dead, which spurred conversations about the emergence of a new breed of analysts. Organizations, with all of their investment in data capture, data generation, and business intelligence, still struggle to use data effectively to make decisions.

A few days ago, I wrote about the analyst function being dead, which spurred conversations about the emergence of a new breed of analysts. Organizations, with all of their investment in data capture, data generation, and business intelligence, still struggle to use data effectively to make decisions. With the explosion of data over the last couple of decades, the analyst moved away from business and morphed into an IT role.  The role became more about writing business requirements and providing reports than understanding data and helping the organization digest meaning from it.

- Advertisement -

Now the analyst needs to move back to a business role, but with more of a mathematics and statistics background.  They have to be curious about improving the business and have the acumen to do it.  They need to know how to blend traditional data with today’s non-traditional data feeds from blogs, social media, video, etc.  The value of the analyst is back in creating business value through relevance, context, and timeliness.

To achieve this, the emerging role of the analyst requires a new skill set and must:

More Read

construction analytics

5 Benefits of Analytics to Manage Commercial Construction

Fascinating Changes Data Analytics Brings to Finance
Use this Strategic Approach to Maximize Your Data’s Value
6 Tips for Using Data Analytics for Product Page SEO
5 Ways to Utilize Data Analytics to Grow Your Business
  • Understand how to derive information out of data and present it in business terms – this is perhaps the most important of all of the new skills.  The analyst must be able to take a tremendous amount of information and coalesce that information into business terms leading to action.
  • Integrate various types of information – as data is coming from all different places and in new forms, it is increasingly important to understand how and when to leverage potentially rich data, and decipher what is irrelevant quickly.
  • Design problems with various concepts – the analyst needs a consultative style in which different models are applied to solve ever more complex issues.
  • Use technology – with Business Intelligence, Planning, and Predictive Analytic style software becoming easier to use, the analyst needs to know not only how to use these tools, but when to use them.
  • Delegate – traditionally the analyst needed to do everything.  Now as technology, data sources, and businesses have become more diverse, the analyst needs to know how to farm out some of the analytics to specific expertise at the right time, guide the project, and integrate the results.

The analyst also needs to transform informational projects into a process where requests for information are appropriately managed. This includes breaking down information into four areas: persistent information or basic reporting of facts on a regular timeframe; performance measures that have higher level KPIs; problem analysis; and data exploration.

Gone are the days where the analyst was a report writer, spending too much time on data acquisition.  They must now know how to enhance data to get more out of it in a timely and fashion and present that back to the business in a manner that drives value creation.

- Advertisement -
Editor SDC October 7, 2011
Share this Article
Facebook Twitter Pinterest LinkedIn
Share
- Advertisement -

Follow us on Facebook

Latest News

cloud-centric companies using network relocation
Cloud-Centric Companies Discover Benefits & Pitfalls of Network Relocation
Cloud Computing
construction analytics
5 Benefits of Analytics to Manage Commercial Construction
Analytics
database compliance guide
Four Strategies For Effective Database Compliance
Data Management
Digital Security From Weaponized AI
Fortifying Enterprise Digital Security Against Hackers Weaponizing AI
Security

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

construction analytics
Analytics

5 Benefits of Analytics to Manage Commercial Construction

5 Min Read
benefits of data analytics for financial industry
Big Data

Fascinating Changes Data Analytics Brings to Finance

7 Min Read
analyzing big data for its quality and value
Big Data

Use this Strategic Approach to Maximize Your Data’s Value

6 Min Read
data-driven seo for product pages
Analytics

6 Tips for Using Data Analytics for Product Page SEO

11 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?