Question

you will research a job function/role within analytics of yourchoosing (examples include data analyst, business analyst, financial analyst, data scientist, marketing analyst etc.）

provide an overview of the role/job function, importance of the function, and its future demand in the industry.

• How does the role integrate with other teams within the organization?
• Key skills required for role (potentially from survey data, job postings, etc.)
• Number of job postings on LinkedIn for the role
• Market forecast on demand for the role

Answer 1

Let's consider the role of a data scientist.

• How does the role integrate with other teams within the organization? The role of a data scientist is to gather the relevant data from different parts of the organization, clean it as per suitability and apply suitable analysis techniques to analyze the data in the most effective way suited to the goal. The results of data analysis are targeted at helping the specific business unit improve its functioning or offering. For a marketing team, for example, the output of the analysis could be to help understand the market segmentation effectively, and help assess the most effective way to reach out to the target audience looking at past performances weighed against industry-wide initiatives.
• Key skills required for role (potentially from survey data, job postings, etc.): A background in Mathematics (mainly Statistics, Linear Algebra, Optimization, etc), supported by basic programming skills in a data analysis-friendly language like Python/R/SAS would be the desirable skills. Apart from this, the data scientist is also expected to understand the domain so that his efforts are directed towards achieving tangible outputs from his analysis efforts.
• Number of job postings on LinkedIn for the role: With every company, irrespective of sector, requiring analytics on data for improving its performance/client/customer targeting/operational efficiency, there are countless job postings on LinkedIn for the role of a Data Scientist. With the surge of AI-related startups as well as units within existing companies, the opportunities are virtually limitless.
• Market forecast on demand for the role: The demand for the role as per market is only going to increase. This will mostly be led by the availability of more and more data of different sorts getting available, paving the way for feasibility of relevant analytics to be carried out on such data. Additionally, continuous enhancement in technology offerings for data analysis and AI will only serve as an icing on the cake.