The duties of a data analyst include collecting, processing, studying and interpreting significant amounts of information. The results of his work are used as a basis for decision-making in various areas: business, management, science, and so on.
The essence of the work of a data analyst
The essence of the work of a data analyst
The position of data analyst is mandatory for companies using the data-driven approach. Its essence lies in developing an organization’s development strategy based on a thorough study of data. Let’s assume that a certain business structure is going to launch a new product on the market. The management is not completely sure that it will be in demand and meet consumer expectations.
To minimize risks the company sets
a corresponding task for the data analyst. He will have to study the requests of the target audience, analyze its behavior, find connections between laos whatsapp number data different processes, conduct A/B tests and build models that allow assessing the consequences of launching a new product on the market.
Consumer data company Statista says the world is currently experiencing exponential growth in information, predicting it will reach 181 zettabytes by 2025.
It is becoming increasingly difficult to navigate such a large amount of data without the necessary knowledge and skills. This explains the demand in the labor market for specialists who are able to correctly select and examine data, as well as draw conclusions that are necessary for making the right decisions for businessmen, government agencies, scientists and representatives of other fields of activity. Many large companies, such as banks and advertising holdings, have full-time data analysts.
Such organizations prefer to spend money
on preliminary study of this or that issue, assess the prospects of each serious step and only then make a balanced and well-founded decision. Small fully trust that this research firms cannot afford to keep such a specialist, but their cash flow is also an order of magnitude smaller. Although many cg leads business projects could have avoided collapse if their managers realized the importance of data analysts and promptly turned to them for help.