Future-proof your career with data analytics skills

It’s no surprise that technology and big data have become ubiquitous in the day-to-day operations of most businesses, regardless of size or industry. Data scientists, data analysts, and non-IT professionals with data analytics knowledge have become critical in their organizations’ quest to transform raw data into workable and actionable formats that can be used to identify trends, draw meaningful conclusions, and model future outcomes.

As the proliferation of data analytics has expanded, public accountants have found themselves in front of a unique opportunity that allows them to set themselves apart from their colleagues and future-proof their careers by developing their expertise in data analytics — an expertise that will ultimately save their clients time and money.

What is data analytics?

Simply put, data analytics is the process of collecting, inspecting, organizing, and transforming data to identify useful information that informs decision-making. It’s more than a tool or input — it’s a process that, when utilized correctly, provides a 360-degree view of the problem being solved, allowing decision-makers to make the best decision with the best information available.

Specifically, accountants use data analytics to help businesses uncover valuable insights within their financial statements, reduce costs, identify process improvements that increase their efficiency, and better manage risks.

Prior to the growth in data analytics, enabling a business or clients to reach their goals has been a manual and time-consuming process based predominantly on institutional knowledge and relationships. By understanding and mastering data analytics, accountants can future-proofing their career, expediting the learning curve, regardless of the career path they choose.

 

Professionals in public accounting can use these analytical skills to make sense of the massive quantities of financial information available to evaluate business performance, identify and manage risk, and analyze customer behavior to anticipate market trends more efficiently and accurately than ever before.

A PwC report, “Data Driven: What Students Need to Succeed in a Rapidly Changing Business World,” helps to encapsulate the important data analytics-related skills that accounting professionals, such as public accountants, should have. They include:

• The ability to consider new sources of data and research and identify anomalies and risk factors in the data.
• The ability to use exploratory multivariate statistics, inferential statistics, visualization tools, optimization methods, machine learning, and predictive analysis tools.
• The ability to understand relational and nonrelational databases and combine multiple datasets from each.
• The ability to use simple vendor risk dashboards and filters to minimize inefficiencies and human error.
• The ability to perform data and process mapping from a regulatory and risk-assurance view.
• The ability to identify and frame key management decisions and their related metrics to make business solutions more effective and efficient.

The Techy Accountant Academy has partnered with a UK company to teach finance professionals like you on data and analytics to upskill for the progressive and changing job roles and demands in the Industry. 

By completing this course, you will understand and gain hands-on experience in data and analytics as a finance professional which will give you a competitive edge amongst your peer and add significant value to your career.

 

Feel free to click on the link below to view the course outline and register to be a part of the course:

https://mailchi.mp/9ca4c1cdee78/data-analytics-for-finance-professionals

 

I am available to answer any questions that you might have.

 

You can also follow us on https://www.linkedin.com/company/the-techy-accountant to keep up with our trainings and other insightful resources

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