Data Analysis Skills Are in High Demand

Eric Baumbach, Willowbrook pic

Eric Baumbach, Willowbrook

Eric Baumbach of Willowbrook, Illinois, previously served a lifeguard in the nearby community of Burr Ridge. Currently, he is the data analyst chair of service fraternity Alpha Phi Omega at the University of Illinois at Urbana-Champaign. In this capacity, Eric Baumbach of Willowbrook is responsible for conducting research on the fraternity and analyzing that research to determine any useful findings.

Data analysis is becoming a lost art. According to an article in the Journal of Accountancy, the skill is diminishing especially within finance teams. The article references a recent survey report conducted by Robert Half and the Institute of Management Accountants (IMA) that shows that only 46 percent of managers who regarded the ability to identify data trends as an essential skill for success said their teams had such skills.

By enhancing their data analysis abilities, finance professionals can improve their job prospects. Similarly, companies can increase their chances of hiring talented staff by adding data analysis skills training to their recruitment packages.

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