Shweta Sehgal Jan 17, 2019 No Comments
While data is the new oil, mining and processing the oil, is like analytics. Analytics has evolved from being a mere buzzword to an essential business tool.
From retail to banking, healthcare to food industry and even police departments.. firms have realised the advantage of embracing analytics and that is a known fact. But how known is the fact that there’s a shortage of talent in the industry? According to an article published in Harvard Business Review “In 2015, there was a surplus of people with data science skills. Now there’s a significant shortage. By 2020, IBM expects broader demand for data and analytics talent to reach 2.7 million positions in the U.S. alone. In India you ask? Analytics, data science and big data industry in India is expected to grow seven times in the next seven years. It is estimated to become a 20-billion1 dollar industry in India by 2025.
Looking for some inspiration to join the ever-growing analytics industry? I call it a journey of five Rights
It is an interesting time to be in analytics now but first things first – the field of analytics is multifaceted. Different terms like- Business Analytics & Big Data or Data Analytics are used interchangeably. Different roles apply their skills in a different way although they may not may not use the same business tools. Identify the subcategory you fit the most into. We all remember the one which inspired many of us to move into analytics ~ the sexiest job of the 21st century – yes I’m referring to the role of a Data Scientist. If you already hold a statistics/economics degree or a business degree you could fit into the role of a Predictive Analyst or a Business Analyst role quite easily. If coding is in your DNA and you are super comfortable with database modeling, warehouse and Machine Learning algorithms you could eye a Big Data Analytics job. Below is a simple graph that outlines the various roles in Analytics industry.
There is no universally accepted skillset that companies look for. Having said that its essential to have an understanding of the required skills to thrive in a highly dynamic work environment. Breaking it down broadly two types of skill sets exist.
A good idea to get started is by taking a data science course or choose from one of the analytics courses that fits you the most. You can even customise your training plan with a little expert advice. You can call our Career Experts at 9748441111 to get details.
3. Right Relationships
Network building or a professional relationship building ? Both are the two sides of the same coin except that the latter fetches more return in the long term.
Maya Angelou said, “People will forget what you said, people will forget what you did, but people will never forget how you made them feel.” Focusing on a long term sustainable business relationship will pave the way forward in your career. It is especially true in today’s age when industries are overlapping, sometimes you could probably get the best piece of advice from outside your industry. It might seem daunting, uphill task in the beginning but keep a growth mindset. It could be as simple as commenting on a LinkedIn article of a thought leader or sharing their article or even signing up for their newsletter or introducing others to their profile & content. Your Net worth = Your Network
4. Right Resume
A recruiter on an average spends only about 6 seconds to scan through a resume. In order to get the best out of it. Prepare a resume that is visually appealing. It should have a simple & clean layout, structured and without too many bullet points as that takes away the attention from the most important points. Before sending out the resume for any job, make sure to redesign your CV to incorporate what the job demands. Also make sure to have an updated LinkedIn profile.
5. Right passion
Make sure to enter the industry with right passion. Famous businessman Nolan Bushnell once said, “Hire for passion and intensity, there is training for everything else”. It is a true adage even today. The right passion will help you land the right job & help in sustaining it in the long term.
Are you a person who has a way with numbers, do you look up to data for inspiration and extremely good with storytelling? Then the world of Analytics is for you. Look up how our mentors at Ivy Pro School could help you hone your skills & build a successful career in Business Analytics, Actuarial Science or Big Data Analytics.