Part 3/7:
Understanding how to collect and integrate data from various sources is essential for effective business analytics. Common sources include:
Operational databases
Customer relationship management (CRM) systems
Social media platforms
Excel spreadsheets
Essential Skills for Business Analysts
The role of a business analyst demands a mix of technical and non-technical skills. Below are the key competencies required in the field:
Technical Skills
Data Analysis and Interpretation: Familiarity with data analysis tools (e.g., Excel, SQL) and the ability to draw insights from complex data.
Statistical Methods: Understanding statistical techniques such as regression analysis, hypothesis testing, and predictive modeling.