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1. A??d?m i??
A bachelor 's d?gr?? i? n??d?d f?r m??t entry-level j?b?, and a
master 's degree will be n??d?d f?r many upper-level j?b?.
M??t analysts will h?v? degrees in fi?ld? lik? m?th, ?t?ti?ti??,
??m?ut?r ??i?n??, ?r something ?l???l? r?l?t?d t? th?ir fi?ld.
Str?ng m?thematical and analytical ?kill? ?r? needed.
7. M at h Sk ills:
Working with numerical data numerical skills and therefore
d?t? analyst?s are expected to be good with math.
DATA SCIENTIST
Wh ? I? A Dat a ??i?n t i?t ?
D?t? ??i?nti?t? ?r? a n?w breed of d?t? experts wh? h?ve the
t??hni??l ?kill? t? ??lv? ??m?l?x ?r?bl?m? ?nd th? ?uri??it? to
explore new ways to solve these problems.
They?re part m?th?m?ti?i?n, ??rt ??m?ut?r ??i?nti?t, ?nd ??rt
tr?nd-???tt?r. And, because th?? ?tr?ddl? between b?th th?
bu?in??? ?nd IT world, they are highl? ??ught-?ft?r ?nd
well-paid. Who w?uldn?t w?nt t? b? one?
D?t? ??i?nti?t was not a prevalent term a decade ?g?, but their
?udd?n ???ul?rit? reflects h?w bu?in????? n?w think ?b?ut big
d?t?. That unwi?ld? mass of un?tru?tur?d inf?rm?ti?n ??n no
longer b? ignored ?nd f?rg?tt?n. It?? a virtual g?ld min? th?t
h?l?? b???t r?v?nu? ?? l?ng ?? there?s ??m??n? wh? dig? in
?nd un??rth? bu?in??? in?ight? th?t n? ?n? thought to l??k for
b?f?r?.
Wh er e Did Th ?? ??m ? Fr ?m ?
M?n? data scientists b?g?n th?ir ??r??r? ?? ?t?ti?ti?i?n? or
data analysts. But as big data (?nd big d?t? ?t?r?g? ?nd
?r?????ing technologies ?u?h as Hadoop) b?g?n to gr?w ?nd
evolve, th??? roles ?v?lv?d as well. Data i? no longer ju?t an
?ft?rth?ught f?r IT to h?ndl?. It?? key inf?rm?ti?n th?t requires
?n?l??i?, ?r??tiv? ?uri??it? and a kn??k f?r translating high-t??h
id??? into n?w w???of making ?r?fits.
The d?t? scientist r?l? also has ???d?mi? ?rigin?. A few ???r?
ago, univ?r?iti?? b?g?n to r???gniz? that employers wanted
????l? wh? w?r? ?r?gr?mm?r? ?nd team players. Professors
tw??k?d th?ir ?l????? to ????mm?d?t? this ?nd some
?r?gr?m?, such as th? In?titut? f?r Adv?n??d An?l?ti?? ?t
N?rth Carolina St?t? Univ?r?it?, ?r???r?d t? ?hurn ?ut th? next
g?n?r?ti?n ?f d?t? ??i?nti?t?. There ?r? n?w m?r? than 60
similar programs in univ?r?iti?? around the country.
1. A??d?m i??
Broadly ????king, you h?v? 3 ?du??ti?n ??ti?n? if ??u ar?
??n?id?ring a career as a data ??i?nti?t:
1. D?gr??? ?nd gr?du?t? ??rtifi??t?? ?r?vid? structure,
int?rn?hi??, n?tw?rking and r???gniz?d ???d?mi?
?u?lifi??ti?n? for ??ur ré?umé. They will ?l?? ???t you
significant time and m?n??.
2. Massive open online courses (MOOC) ?nd ??lf-guid?d
l??rning ??ur??? ?r? economical, ?h?rt and t?rg?t?d.
They allow ??u t? complete ?r?j??t? in ??ur ?wn time ?
but th?? r??uir? ??u t? ?tru?tur? your academic ??th.
3. B??t camps ?r? intense ?nd faster t? complete th?n
tr?diti?n?l d?gr???. Th?? may be taught b? ?r??ti?ing
data ??i?nti?t?, but th?? w?n?t give ??u an academic
qualification.
Academic qualifications m?? b? m?r? im??rt?nt than ??u
im?gin?. A? Burtch W?rk? n?t??, ?it?s incredibly rare f?r
someone without ?n advanced ?u?ntit?tiv? d?gr?? to have the
t??hni??l skills necessary t? be a d?t? scientist.?
In it? data ??i?n?? ??l?r? r???rt, Burtch W?rk? determined that
88% ?f data ??i?nti?t? h?v? a m??t?r ?? d?gr?? ?nd 46% h?v? a
Ph.D. Th? m?j?rit? ?f th??? degrees are in rigorous
?u?ntit?tiv?, technical ?r ??i?ntifi? ?ubj??t?, including m?th
?nd ?t?ti?ti?? (32%), ??m?ut?r ??i?n?? (19%) or ?ngin??ring
(16%). With th?t b?ing ??id, companies ?r? d????r?t? f?r
candidates with r??l-w?rld skills.
2. Pr ?bl?m s?lvin g
A??r???hing high-level challenges with a ?l??r ??? ?n wh?t i?
im??rt?nt; and ?m?l??ing the right ???r???h/ m?th?d? t?
m?k? th? maximum u?? of time ?nd hum?n resources.
4. In t ellect u al Cu r iosit y
Ex?l?ring n?w t?rrit?ri?? ?nd finding ?r??tiv? ways t? ??lv?
?r?bl?m?.
5. In du st r y Kn ow ledge
Understanding th? w?? your industry functions ?nd how data
is ??ll??t?d, analysed and utiliz?d.
Dat a An alyst vs Dat a Scien t ist
Although both roles work with data extensively, there are crucial differences
between the two roles and will attract different types of personalities and
people. These are the primary differences between the two that are crucial to
your decision
Ret ail
Retailers use data in a variety of different ways to predict the
behavior of their customers, determine which products will
become successful, and find new and inventive ways to boost
customer engagement and communicate value to their target
customers. All of this is possible through the analysis of
customer data and data analysts and scientists play a crucial
role in their strategy.
Pr ovidin g In cen t ives t o Cu st om er s
Through analytics, retailers can successfully bring back loyal
customers that are becoming disengaged with the brand. By
using predictive models, analysts can better understand which
customers are straying, which have the potential to be loyal
over the long term, and which shoppers will make a purchase
soon. They can then target coupons, discounts, and other
incentives to straying customers in hopes they will return soon.
Lever agin g Pr edict ive An alyt ics
From the collection of big data, retailers can better understand
how their customers shop, which products they prefer in
different seasons, what their needs are, and many more useful
insights that can shape their future success in customer
engagement.
An alyt ics Im pr ove Cu st om er Ser vice
With the use of powerful analytical tools, retailers will be able
to understand better the interactions shoppers have with the
company. Customer service is a crucial department for a
retailer, and it is every store's primary goal to ensure shoppers
always have an excellent experience. With analytics retailers
can predict their personal needs, expectations, likes, and
dislikes.
M an u f act u r in g
Manufacturers use predictive analytics or data sets in the four
crucial areas of their manufacturing processes. Without this
data and analysis framework, entire factories could grind to a
halt and profits and production could stagnate.
For ecast in g Dem an d
In every form of manufacturing, manufacturers must be able
to forecast the demand for their products accurately.
Traditionally, manufacturers would rely on past years'
experiences to predict demand in the coming years. Now, their
predictions are much more accurate because they have the
power of predictive models and analytics to understand better
which products sell more during different seasons, and by
leveraging this data, they can produce more goods while using
fewer resources.
Im pr ove Qu alit y
Predictive analytics in the manufacturing sector are mostly
used for continuously improving quality of products. With this
data, manufacturers can better distinguish the snags and
bottlenecks in the operation that results in a quality drop, and
they can efficiently minimize the number of defects as well
Redu ce Dow n t im e
When a machine goes down in a plant, the manufacturer is
losing money. Preventative maintenance is one of the primary
ways that manufacturers can avoid emergency repairs, and by
harnessing the power of predictive models, they can better
predict when to perform preventative maintenance on
equipment and machines to ensure they are running optimally
and ready for the next day.
Logist ics
The logistics industry is complicated, and there are many
moving parts to ensure that packages go to the right place,
supply chains are optimized, and bottlenecks are minimized.
By harnessing the power of digital analytics platforms, logistics
companies can better optimize the entire supply chain.
Opt im izin g War eh ou se Oper at ion s
Supply chain performance is significantly affected by the
location, flexibility, and capacity of warehouses. By leveraging
advanced analytics, managers can analyze the performance of
individual warehouses, predict demand, and further optimize
their strategy to increase efficiency.
Im pr ove M ar k et in g
By harnessing the data from social media platforms, loyalty
programs, and other customer data metrics, managers can get
a clearer picture of customer sentiment and then create a
sales and marketing strategy to effectively reach these
customers while also predicting inventory demand for the
future.
In ven t or y M an agem en t
Through machine learning, data analytics, and optimization
algorithms, supply chain managers can better observe past
patterns and trends while also make informed decisions
related to procurement and inventory management. By
looking at previous data, they can better judge if the correct
decisions were made and what needs to be adjusted moving
forward.
SAS
SAS (Statistical Analysis System) is a ??ftw?r? ?uit? developed
by SAS Institute. It is used to - manipulate, mine and carry out
statistical analysis on the data. It can be connected to various
databases and can read from different data sources (excel
sheets, text files, etc.).
R
R is a l?ngu?g? ?nd environment f?r statistical computing ?nd
gr??hi??. It i? ?imil?r t? th? S language ?nd ?nvir?nm?nt which
w?? d?v?l???d ?t B?ll L?b?r?t?ri?? (f?rm?rl? AT&T, now Lu??nt
Technologies) b? J?hn Chambers ?nd colleagues. R ??n b?
??n?id?r?d ?? a diff?r?nt im?l?m?nt?ti?n ?f S.
P?t h ?n
Python is general purose programming language and is very
popular among data analytics professionals. The reason for its
popularity is - a) easy to understand structure and syntax b)
powerful data processing capability
SPSS
SPSS is a comprehensive system for ?n?l?sing d?t?. SPSS can
t?k? data fr?m ?lm??t any type of fil? ?nd use th?m to
generate t?bul?t?d reports, charts, and ?l?t? ?f distributions
and tr?nd?, d???ri?tiv? ?t?ti?ti??, ?nd ??m?l?x ?t?ti?ti??l
?n?l??i?.
Dat a Visu alisat ion Tools
B???u?? of th? w?? th? hum?n brain processes inf?rm?ti?n,
u?ing ?h?rt? or gr??h? t? vi?u?liz? l?rg? ?m?unt? of ??m?l?x
d?t? i? easier than ??ring over spreadsheets ?r reports. Data
vi?u?liz?ti?n is a ?ui?k, ???? way to ??nv?? ??n???t? in a
universal manner and ??u ??n ?x??rim?nt with different
???n?ri?? b? m?king ?light adjustments.
Tableau
Tableau is ?n int?r??tiv? d?t? vi?u?liz?ti?n t??l that enable ??u
t? ?r??t? int?r??tiv? ?nd ??t vi?u?liz?ti?n? in the form ?f
dashboards, worksheets to g?in bu?in??? in?ight?.. It allows
n?n-t??hni??l u??r? t? ???il? ?r??t? ?u?t?miz?d dashboards
that ?r?vid? in?ight t? a broad ????trum ?f inf?rm?ti?n.
Qlik View
QlikVi?w i? th? m??t fl?xibl? Bu?in??? Int?llig?n?? ?l?tf?rm f?r
turning data int? kn?wl?dg?. More th?n 24,000 organizations
w?rldwid? have ?n?bl?d th?ir users t? easily ??n??lid?t?,
???r?h, ?nd visually analyze all their d?t? for un?r???d?nt?d
bu?in??? insight using QlikView?s ?im?li?it?.
M S Excel
After data has b??n imported, business u??r? ??n employ th?
full range ?f Ex??l ?n?l?ti??l and vi?u?liz?ti?n functionality t?
explore th? data ?nd ?r??t? reports that include color-code
data v?lu??, ?h?rt?, indi??t?r?, and int?r??tiv? ?li??r? and
timelines. Built-in charts, formatting, PivotTables, ?nd
Piv?tCh?rt? provide slicing and dicing capabilities
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