Te a world where &ldquo,big gegevens&rdquo, is more than a buzzword, the request for gegevens mining analysts is on the rise. But what exactly does &ldquo,gegevens mining&rdquo, mean? What do gegevens mining analysts do, and what role do they play ter a business or organization? What is the best way to prepare for a career te the field? Let&rsquo,s take a closer look at this fairly fresh, but steadily growing, role.
What is gegevens mining?
Gegevens mining involves analyzing gegevens te order to identify hidden patterns and systemic relationships that can be used to predict future behaviors. It is the process of converting information into insights that help businesses make more meaningful, fact-based decisions.
Companies and organizations of all shapes and sizes employ predictive analytics and gegevens mining to:
&bull, Minimize risks and detect fraud
&bull, Better understand customer behaviors and needs
&bull, Make more informed decisions swifter
&bull, Tapkast into fresh markets
&bull, Improve branding and marketing initiatives
While gegevens mining is a relatively fresh term, the practice itself is not. From supermarket scanners that track consumer purchases to database management systems that capture customer demographics, companies have used gegevens mining tactics for years. However, thanks to the rising popularity of big gegevens and advancements te technology, gegevens mining has become more sophisticated, feasible and prevalent than everzwijn before.
What do gegevens mining analysts do?
Gegevens mining analysts turn gegevens into information, information into insight and insight into business decisions. They use statistical software to analyze, identify and assess gegevens attributes ter order to develop recommendations and creative solutions that improve operations and support their organization&rsquo,s business objectives.
Gegevens mining analysts are generally considered experts ter business intelligence. Not only do they understand gegevens, but they are also capable of translating the results of gegevens mining into actionable ideas.
Typical responsibilities of a gegevens mining analyst may include:
&bull, Performing strategic gegevens analysis and research
&bull, Identifying opportunities to improve productivity via sophisticated statistical modeling
&bull, Looking at user behaviors to find common patterns or trends that may be used to improve a product&rsquo,s vertoning
&bull, Interpreting results and identifying opportunities for improvements
&bull, Communicating recommendations to stakeholders and/or clients
Where do gegevens mining analysts work?
From preventing fraud to identifying adverse drug effects during clinical trials, gegevens mining can be applied &mdash, and is used &mdash, te practically every industry. For example:
&bull, Ter banking, gegevens mining is frequently used to monster and predict credit card fraud and analyze risk.
&bull, Ter financial markets, gegevens mining is employed te areas that include stock price forecasting, portfolio management, unie rating and more.
&bull, Te retail, gegevens mining is used to analyze shopping patterns, evaluate advertising and rechtstreeks mail campaigns, co-locate products ter display areas and better understand customer preferences and behaviors.
&bull, Te health care, gegevens mining can help identify best practices and inefficiencies, evaluate fresh treatments, and detect fraud or manhandle.
&bull, Ter telecommunications, gegevens mining is used to treat &ldquo,churn management&rdquo, of customers and determine which promotions will resonate with which target audiences.
Thesis are just a few of the ways that gegevens mining is used to help companies and organizations solve real world problems and build up a competitive edge. Other key industries that employ gegevens mining include energy and utilities, education, transportation, criminal justice and public service.
How much do gegevens mining analysts earn?
The national average for gegevens mining analyst salaries is about $65,000 a year. At some companies &mdash, such spil Microsoft &mdash, an experienced gegevens mining analyst can earn spil much spil $110,000 a year.
According to the U.S. Bureaumeubel of Labor, the request for individuals with proven statistical competencies is expected to grow 20 procent within the next five years. Spil more organizations elect to duo the power of big gegevens with predictive analytics that improve decision making, the more the request for experienced gegevens mining professionals will grow.
What do gegevens mining analysts need to know?
Mathematics and algorithms play a big role te gegevens mining. Gegevens mining analysts need to understand statistical concepts and basic principles of skill induction. Depending on the particular job, gegevens mining analysts may need to be familiar with common gegevens analysis implements and programming software that include SQL, T-SQL, PL/SQL (SQL Server or Oracle), NoSQL and Hadoop. Many employers also choose programming practice with VBA, Java, Python and Perl languages, spil well spil practice operating ter a Linux environment.
Ter addition to strong analytical and programming abilities, gegevens mining specialists also need to have a flair for communication and strong presentation abilities. They should feel identically convenient ter a boardroom spil they do behind a pc, spil they are often required to present their findings ter a clear and plain manner ter the suitable business setting.
A clever step te preparing for a career ter gegevens mining is to build up in-depth skill about gegevens science. This area of explore provides an chance to explore the statistical methods used to samenvatting meaning from large datasets, spil well spil an explanation of how to develop predictive models and applications that support optimized decision making and are used to address significant issues ter business. Learn more by visiting our homepage.