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A data Analytics for commerce students
A Big Yes, Commerce students could do data analytics. It will require some investment, yet with little exertion reliably, anybody ready to learn Data analytics could learn it. Data Analytics is the field where huge amounts of data (both organized and unstructured) are gathered, refined, handled to bring significant information for stakeholders. A Commerce student could turn into a data analytic. For that, there are sure prescribed things that should be done to find some work as a Data Analylist.
Skill set and education
- To begin with, you should be talented, and that implies you want to have strong information in Excel, SQL, programming progarmming like R, Python, and so forth and information perception programming like Tableau, and so on
When you get gifted, the following thing is to do as numerous modern standard tasks, you could do. - Then, getting a degree in an important field like math, statistics, IT, and so on will give you an edge while going for the Entry level employment, in the vast majority of the organization.
Data analytics gives students from any stream to explore new career opportunities. Now the need of skill is more important than degree and practical training over rote learning .
Even a simple job need a computer skill.
Data is the future. Businesses today heavily rely on data-driven facts and statistics to make
business decisions.
In today’s highly competitive world, there is no longer scope for assumptions. So businesses base their decisions on the data that is engineered and analyzed by market experts.
Data analytics allows affordable and accessible solutions to those who aim to learn new skills while managing their regular study or work schedule.
Most of the non-tech students enrolled in our training have either pursued or were pursuing a Bachelor of Business Administration (B.B.A.) or Bachelor of Commerce (B.Com).
Why to learn Data analytics ?
Data analysis is the need of the hour -It is very important for every business to run smoothly, a data-driven approach is a must.
In future every company will be tech company and data is engine to run it.
Finance professionals and commerce students have an edge in learning analytics. They have strong quantitative
skills and a solid understanding of statistics. They also have a robust understanding of business operations and the financial health of companies. Their understanding of finance and management gives them a leg up
on the competition. Numeracy does, after all, lie at the heart of analytics as well as business development.
Advantage of being a commerce student for studying data analytics
- Your finance background can be an invaluable asset if you become a data scientist.
- Your familiarity with numbers and business can be your secret weapon.
- They can help you identify correlations that could escape others.
- Your understanding of financial data is a big plus too
Analytics is deployed extensively in the field of finance.
what are data analytics key skills ?
In general, investment professionals in data science and other fintech careers need the following skills
to be successful:
Problem-solving mindset
A problem-solving mindset is an asset to any organization. It is more than just a skill.
A person with a problem-solving mindset sees a problem as an opportunity to grow and is motivated to
find solutions, thereby focussing on growth and achieving positive results.
Business strategy
A business strategy is a set of competitive moves and actions that a business uses to attract customers,
compete successfully, strengthening performance, and achieve organizational goals.
Communication skills
Communication skills involve listening, speaking, observing and empathizing.
Quantitative analysis
Quantitative analysis (QA) is a technique that uses mathematical
and statistical modeling, measurement, and research to understand behavior.
Data anaytics technical skills?
Python programming
Python is especially popular among data scientists. … There are countless libraries like NumPy, Pandas, and Matplotlib available in Python to make data cleaning, data analysis, data visualization, and machine learning tasks easier
R programming
As a programming language, R provides objects, operators and functions that allow users to explore, model and visualize data. R is used for data analysis. R in data science is used to handle, store and analyze data. It can be used for data analysis and statistical modeling. R is an environment for statistical analysis
Data visualization
Data visualization is defined as a graphical representation that contains the information and the data. By using visual elements like charts, graphs, and maps, data visualization techniques provide an accessible way to see and understand trends, outliers, and patterns in data.
Machine learning
techniques
Machine learning is a method of data analysis that automates analytical model building. It is a branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention.
Artificial intelligence (AI)
AI-powered systems can analyze data from hundreds of sources and offer predictions about what works and what doesn’t. It can also can deep dive into data analytics about your customers and offer predictions about consumer preferences, product development, and marketing channels.
SQL
SQL is the most commonly used data analysis tool for data analysts and data scientists. The majority of the world’s data is stored in databases, and learning SQL will enable you to access and analyze this data with ease.
Database architecture
What is data architecture in data analytics?
Image result for database architecture for data analytics
Data architecture is a framework for how IT infrastructure supports your data strategy. The goal of any data architecture is to show the company’s infrastructure how data is acquired, transported, stored, queried, and secured. A data architecture is the foundation of any data strategy. … Data standards.
Role of accountant in Data analysis >
Role of Accountant
Accountants use data analytics to help businesses uncover valuable insights within their financials,
identify process improvements that can increase efficiency, and better manage risk, Accountants who assist, or act as, investment advisors use big data to find behavioral patterns in consumers and the market
Data analytics for bankers
To summarize, Analytics provides banks with more marketing muscle. Functional areas like Risk, Compliance, Fraud, NPA monitoring, and Calculating Value at Risk can benefit greatly from Analytics to ensure optimal performance, and in order to take crucial decisions where timing is very important
Vista Academy analytics programme
This course is designed for people with absolutely no background in analytics, statistics or programming. It will introduce you to the wonderful world of analytics in a fun and easy to learn manner.