Skills Needed for Business Analytics
Business analytics makes companies a lot of money. The process of collecting and analyzing data ensures that businesses can become more efficient, more productive and more lucrative. Graduates of the Master of Science in Business Analytics degree from Grand Canyon University go on to take jobs in organizations where they play a major role in decision-making.
Business analytics grads look at the data collected by organizations and analyze trends and patterns. They use their findings to make informed proposals about future business decisions. Organizations look for business analytics experts to lead them in understanding what the data currently says and how that data can guide them in the future. In this role, business analysts need to not only be excellent with numbers and data analysis, but they also need to be able to work with others. Here are some of the skills that the best data analytics employees have in common.
Three Business Analytics Skills Beyond Crunching Numbers
1. General Tech
More often than not, in today’s economy, data is collected through technology. A business analyst needs to be able to understand where data comes from. Additionally, many of the decisions a business analyst may be required to consult on, require an understanding of how and which types of information technology are used within an organization. A business analyst needs to know enough about the tech that is out there to make recommendations for products and services that could make a company or organization more efficient. Business analysts should be aware of how data is gathered and stored in order to ensure the authenticity of the information they receive.
A business analyst does not work in isolation. In order to analyze the data they receive, a business analyst must understand the context in which it was collected. In order to do this, they must be a fully integrated part of the organization and understand what projects are bringing in data and how the results reflect the work being done. Data analysts communicate out their findings and recommendations, so they must be able to work with employees and management at all levels.
3. Problem solving
One of the key parts of a business analyst job is to come up with workable business solutions. A business analyst looks at data and makes recommendations about how a business can move forward. In order to analyze data, the business analyst must troubleshoot and consider all possibilities. They must weigh options and make tough decisions.
If you are a critical thinker who is interested in moving into a solidly growing career path, business analytics maybe just the field for you. See if you are ready to make the leap by checking out the Master of Science in Business Analytics degree program at Grand Canyon University today.
About Colangelo College of Business
Business Buzz is a business blog that features content written by faculty, staff and students from Grand Canyon University’s Colangelo College of Business. In addition to profiles about events, students and faculty on campus, you’ll also find great resources for online students or anyone interested in attending business school. Learn about the modern business landscape, and how business today continues to grow and evolve to meet the needs of organizations and consumers in the 21st century. Check in every week for the latest news from the business community and around GCU.