Are you planning to run your own business? There are a number of factors you should consider before taking on this adventure. One of the most crucial traits is to possess analytical powers. Analysis plays a great role in lending a profound understanding of almost any subject at hand. When we talk about analytics, we mean taking under consideration all the aspects of a project whether they are related to the department of marketing, finances or business development. Data analyst is the person to consult regarding the detailed analysis of your business – he/she is someone who tells you the most crucial piece of information i.e. how much revenue has been generated or used, and much more if not everything! Without a data analyst, one cannot expect growth or development in business because it is the data analyst whose keen eye foretells the unforeseen, the unexpected, and the unknown problems.
In this article, we will discuss all the characteristics a data analyst must possess alongside explaining the details of their job that may help you learn all that is traditionally expected of a data analyst.
Following Are the Responsibilities and Duties of a Data Analyst:
Business Growth and Development
Part of your responsibility is to act as the internal as well as the external eye of the business. You should know exactly what steps ought to be taken in drastic times. Data analysis helps in understanding all the statistics that practically answer all the doubts you may have regarding your business when caught up in a financial turmoil. If the data analyst is well-read and an expert in his/her field, he/she would point out all the nooks and crannies of your business by analyzing your business’ data accounts.
Data analyst takes care of all the records of management policies related to a business through its years. With comparative analysis, he/she would be able to conclude the differences observed through the years and also point out things to introduce for the betterment of a business.
Maintain Reporting Processes
All the methods and processes of reporting that manage and control business are analyzed by a data analyst. He/she would be in the position to offer a better methodology for all the reporting processes on the basis of his/her understanding and evaluation.
Manage Sources for Improvement
Data analyst is more like a critical reviewer who thoroughly studies your business, analyzes it, forms an opinion and then offers his suggestions. If he/she observes from an outsider’s point of view, he/she would be much likely to offer you help in an innovative fashion. Being in a position where he/she can compare and contrast, a data analyst will lend his/her assistance in offering more advanced and innovative recommendations.
Manage External and Internal Clients
As mentioned before, a data analyst helps in blending borders, which brings in assistance and support from different areas. In order to achieve this, the data analyst has to be mindful of a business’s needs and requirements. With this understanding, a person will be able to better the situation of their business by taking into account the suggestions offered by the data analyst. A data analyst is also responsible for bringing in external and internal clients.
Analyze Survey Data
As obvious from the term itself, a data analyst is responsible for analyzing every aspect of a business. He/she should know what every employee working in an organization is doing; how well the performance of every employee is. With all the information and data collected through occasional surveys conducted weekly/monthly, a data analyst makes reports and offers his/her expert advice against the ups and downs.
Given all the responsibilities and duties of a data analyst, now is the turn to know the skills a data analyst must possess.
Read The Following:
There were times when people relied on superstitions to understand the “bad luck” they encountered in their business. Then came the times of enlightenment that explained, justified and reasoned against all the doubts and fears felt by a man. This was when we began to see lesser dependence on luck and omens. The age of logic helped people become more reasonable in unexplainable situations. Having said that, our point of mentioning this is only to help you understand the significance of a data analyst who would not just sit idly, guessing the problems in your work. He/she would, in fact, with his/her keen eye, read through your work and help you understand your shortcomings by digging deeper into your work. A deeper insight is what it takes to avoid such doubts and fears.
Without being an expert at mathematics, one cannot imagine becoming a data analyst as the job requires constant dependence on the numbers either in the shape of graph-reading, calculating, drafting or drawing statistics.
A data analyst should have knowledge of using advanced tools to do his job. Advancement in technological arena has catered to people in every field to do their jobs in lesser time, with a lot more trust, credibility, and authenticity. A data analyst must know how to use all the latest tools or software that could help him/her be on the same page as his/her peers and competitors. For example, a good internet connection is a basic requirement for every employee. A data analyst would know which internet service works best in a specific environment, for the specific nature of work which can be chosen from Spectrum select package. With that information, he/she will pick a deal that he/she deems is best suited for the specific work setup at hand.
Business and Management Skills
Without knowing all the departments, fields and nature of work from all angles of a business, a data analyst cannot make an analysis. He/she should have great communication skills, decision-making power, and problem-solving skills so that he/she can do his/her job well