Five Ways Data Analytics Will Shape Business, Sports And Politics In 2016

  • 01/20/2016 12:00 AM
  • Source: Forbes
Five Ways Data Analytics Will Shape Business, Sports And Politics In 2016
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Over the past few years, we’ve seen a steady rise in the importance of data analytics, in organizations as varied as consumer goods companies, professional sports franchises, political consultancies, medical research institutions, and financial firms. At the steering wheel of many of the analytics these organizations perform is not necessarily the ever-elusive data scientist but often a data analyst who understands his or her business and department in addition to the data it uses to drive decisions. In fact, the US Bureau of Labor Statistics reports that the job market for various data analyst disciplines is growing at 27% annually—far exceeding the national job growth average, which is a mere 11%. Many factors are lining up to make 2016 the “Year of the Data Analyst.”

Here are five predictions of how analytics will shape the business, sports and political landscape in 2016:

Prediction #1: The hottest corporate job of 2016? Data analyst.

Demand for data analysts has never been higher—and 2016 will continue to see demand rise as more organizations look to deal with the explosion of data and the opportunity presented by having better analytics.

For start-ups to multinational corporations looking to hire qualified data analysts, the great news is that there are plenty of them. According to the US Bureau of Labor Statistics, between 4 and 6 million people are employed as data analysts. What’s more, the pipeline for the future is bright: Universities are pumping out more graduates skilled in data analytics than ever before. Specialized degree programs in analytics are cropping up all over and courses in analytics are now not only standard fare for computer science students, but also business and economics students as well. The growth in this already abundant supply of data analysts is not particularly surprising, as the role offers an intellectually fulfilling and lucrative (salaries for business analysts start around $75K and climb rapidly from there) career path.

The combination of growing demand and supply in the market for data analysts will make it by far the hottest corporate job in 2016.
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