The title invokes the question, “why the detour ?”. The detour, in this case, is forced by a severe breakdown of western economies. The IT industry of India is heavily dependent on these economies and due to the pandemic, they are all suffering a breakdown. The ordeal is similar when it comes to tourism as well, with repeated lockdowns, the tourism industry is at the brink of collapse. What continues to thrive though is business and newly conceived services designed keeping the new world in mind. Analytics excels as a means of being more efficient. Data analytics and business analytics is thus becoming somewhat essential in this new, pandemic ridden world. New business and also the existing giants are both on the same boat in this regard. The markets are changing at a rate never seen before and effective prediction is the key to survival. A business analyst is a role to look up to when it comes to predicting the markets and making sense of seemingly unrelated data as well. And for a data analyst, it is more about the data and less about the business infrastructure and coordination. This article will discuss the role of business and data analysts and figure out why analytics training is being considered as future readiness.
Who is a business analyst?
In order to be a business analyst one must have the skill of management and a working knowledge of statistics. A business analyst is also expected to possess working knowledge of data as well. A business analyst must manage based on the data generated by internal and external processes. The skill and knowledge needed is holistic as the business analyst must have a bird’s eye view while connecting the dots. Having access to all the data from different divisions, a business analyst is expected to co-ordinate the different divisions towards success.
The role of a data analyst
A data analyst concentrates on all kinds of data, unlike a business analyst who might find business data to be superiorly important. A data analyst makes sense of data generated by seemingly unrelated activities like climate data and population data. The job is to make sense of them and help set a course of the business to a positive direction. A data analyst in this sense plays a role in a more decisive manner. The predictions and analysis done by them are used in setting long term goals and even the nature of commerce to be conducted.
An alternative ?
Given the induced ordeals in the IT and tourism industries, after the attack of COVID19, it is wise to learn analytics. And maybe hon management skills for making the detour process a lot more smoother. Analytics training with hands-on work experience can really come in handy after completion of the coursework. It is recommended to find opportunities of at work training for gaining valuable experiences. The companies are hiring analysts for easing the situation up and finding security, experience is of the essence.
