Companies today, focus more on understanding their critical business issues before venturing into something new. With a challenging economy, it is vital for organizations, big and small, to make decisions based on past data. Before venturing into a successful plan, you must, first and foremost, study trends. Analytical data available in your domain, these help you determine different ways you can take a stride ahead to gain positive results.

In order to achieve this, an organization’s primary requirement is to equip their staff with Business Analytics skillset. With big and bigger data making a significant role in our country today, we’ve decided to share the top 4 careers that are currently revolving around this domain.

Data Scientist, Emphasis On Analysis

Aside from showing interest in technology, some data scientists show more interest on the analytical side of the domain. Focussing more on math and statistics, these data scientists have a particular interest towards reading statistics and understanding the trends than coding.

Data scientist with an interest towards analytics, help build complicated data models and simulations in a big data environment.

Quantitative Analyst/Modeler

A quantitative analyst/ modeller, help in comprehending data models to support business decisions.  Primarily used in the financial industry, these analysts, help manage risk and in making decisions based on the trends of data models to provide more reliable and consistent results.

Quantitative analyst usually has a strong background in mathematics, science, computer science and engineering. The ability to work with mathematical models is more valuable as it offers more concrete results, eliminates the risks associated with human reasoning.

Business Analyst (Data Analyst)

Business Analyst or the Data analyst need to build up the visual representations of the data and provide appropriate information to decision makers in the organization. A business analyst works on different tools and techniques to understand complex data models.

Business Analyst (Manager / Consultant)

A Business Analyst Manager should have the knowledge of technical tools, data analytics foundation methods, data gathering and processing which ensures appropriate analysis of the data models. Good communication skills, leadership qualities, strategic thinking are the major skills required for a Business Analyst Manager or consultant.

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