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Aspiring Data Analysts Must Know the Answer to These Interview Questions

Posted on June 4, 2016June 26, 2018 by Dexlab

You have recently completed Data analyst certification and are hunting vigorously for a job as a data scientist. But the prospect of sitting for such an important job role at a corporate firm in front of a room full of C-suite interviewers is an intimidating prospect. But fear not as we at DexLab Analytics have got you covered both inside the class room as well out.

This megatrend on Big Data analysts started first in 2013, when the leading universities of the world began to realize the gap in between the demand and supply of Big Data professionals. And soon several , Data analyst training institutes cropped up here and there and rooms transformed into classrooms with several students being keen to learn about the steps to handle Big Data and to join the ranks of data scientists which is a highly sought after profession of these days. Continue reading “Aspiring Data Analysts Must Know the Answer to These Interview Questions”

A few easy steps to be a SUCCESSFUL Data Scientist

Posted on May 3, 2016October 26, 2019 by Dexlab

Data science has soared high for the past few years now; sending the job market into turbo pace where organizations are opening up their C-suite positions for unicorns to take their mountainous heap of data and make sense of it all to generate the big bucks. And professionals from a variety of fields are now eyeing the attractive position of data analyst as a possible profitable career move.

We went about questioning the faculty at our premiere data science and excel dashboard training institute to know how one can emerge as a successful data scientist, in this fast expanding field. We wanted to take an objective position from a recruiter’s point of view and create a list of technical and non-technical skills which are essential to be deemed an asset employee in the field of data science.

Keep Pace with Automation: Emerging Data Science Jobs in India – @Dexlabanalytics.

A noteworthy point to be mentioned here is that every other organization will evaluate skills and knowledge in different tools with varying perspectives. Thus, this list in no way is an exhaustive one. But if a candidate has these songs then he/she will make a strong case in their favor as a potential data scientist.

The technical aspects:

Academia:

Most data scientists are highly educated professionals with more than 88 percent of them having a Master’s degree and 46 percent of them have a PhD degree. There are exceptions to these generalized figures but a strong educational background is necessary for aspiring data scientists to understand the complex subject of data science in depth. The field of data science can be seen in the middle of a Venn diagram with intersecting circles of subjects like Mathematics and Statistics 32%, Engineering 16% and Computer Science and Programming 19%.

Knowledge in applications like SAS and/or R Programming:

In depth knowledge in any one of the above tools is absolutely necessary for aspiring data scientists as these form the foundation of data analysis and predictive modeling. Different companies give preference to different analysis tools from R and SAS, a relatively new open source program that is also slowly being incorporated into companies is Hadoop.

For those from a computer science background:

Coding skills in Python – the most common coding language currently in use in Python. But some companies may also demand their data scientists to know Perl, C++, Java or C.
Understanding of Hadoop environment – not always an absolute necessity but can prove to be advantageous in most cases. Another strong selling point may be experience in Pig or Hive. Acquaintance with cloud based tools like Amazon S3 may also be advantageous.
Must have the ability to work with unstructured data with knowledge in NoSQL and must be proficient in executing complex queries in SQL.

Non-technical skills:

Impeccable communicational skills so that data personnel can translate their technical findings into non-technical inputs comprehensible by the non-techies like sales and marketing.
A strong understanding of the business or the industry the company operates in. leverage the company’s data to achieve its business objectives with strong business acumen.
Must have profound intellectual curiosity to filter out the problem areas and find solutions against the same.

Interested in a career in Data Analyst?
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Trending Data Job Role: Chief Data Officer

Posted on April 16, 2016June 25, 2018 by Dexlab

Financial firms are going berserk in order to employ the best Chief Data Officers from around the world. This is the new hype in the C-suite world who wants to manage risks associated with data and also grasp its opportunities for conducting better business.

These days all financial firms are sincerely focused on maintaining their data and governing them to comply with the latest rules and regulations. They want to comply with customer demands to maintain their competitive edge and stay on top of the game. And in order to maintain this, the financial services teams are on a hyper drive in hiring the C-suite role of a Chief Data Officer i.e. CDO.

Recent developments in the regulatory mandates of Volcker Rule of the Dodd-Frank Act in relation to capital planning have made it difficult for financial organizations to aggregate and manage their data. In a recent stress test a large number of major US corporate banks and other financial institutions have failed as the quality of their data was not up to scratch.

But expert data analyst and scientists state that only regulatory compliance is not the main issue at hand. Effective risk management goes hand-in-hand with efficient data management. And firms are lacking that front as they do not manage their data effectively and are simply gambling with chances of a hug penalty at the risk of losing customers and acquiring a bad name in the business.

The opportunities in this position of Chief Data Officer:

While the aspects of regulatory compliance and risk management are becoming more and more complex every day, but that is not the only reason to move up information management positions and invite them into the boardroom. That is why as most financial organizations know that good governance requires strong data management skills with good understanding of architecture and analytics. Companies have come to realize that this kind of information can prove to be effective and provide them with competitive advantage in terms of reaching out to customers and protecting them with the offering of innovative products and services.

According to latest research, experts predicted that 25 percent of every financial organization will have employed a Chief Data Officer by the end of 2015. The job responsibility of this role is still clouded and most organizations are trying to refine and boil it down, but as of now three main roles have been identified – data governance, data analysis and data architecture and technology. While according to this survey 77 percent of the CDOs will remain focused in governance focused but their responsibilities are likely to grow into other areas as well. The main objective behind data architecture is to oversee how data is sourced, integrated and then consumed in the global organizations. The way to lead efficiencies in this respect is to consider this aspect in depth. Thus, it can be concluded that data analytics has the most potential.

For more details on Online Certificate in Business Analytics, visit DexLab Analytics. Their online courses in data science are up to the mark as per industry standards. Check out the course module today.

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Interested in a career in Data Analyst?
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To learn more about Data Analyst with Advanced excel course – click here.
To learn more about Data Analyst with SAS Course – click here.
To learn more about Data Analyst with R Course – click here.
To learn more about Big Data Course – click here.

Interesting Statistics of Employment: 5 Figures

Posted on March 29, 2016May 17, 2019 by Dexlab

It is a common sight to see the old and young talking about the job market that is going through a slump, regardless of the time or the economic conditions of the country; this picture usually is accompanied with some “cutting chai” at tea stalls on busy streets or cool cafes at the malls with the slurp of espresso with a tiny straw where the average upper-middle class youth talk about their first-world dreams while breathing progressive third-world air.

But is that really always the case? Data management or statistical analysis as we have established several times before, is sending the job market into hyper-drive, attracting millions of MNCs into the Indian soil and populating the job search portals with millions of opportunities in data. But dare we only make statements, we are statisticians and we know that numbers do speak louder than simple statements.

So, in keeping with our love for figures and facts backed by data, DexLab Analytics has compiled a list of interesting statistics about the job market and the process of hiring.

#1 Each and every major corporate job position attracts a minimum of 250 applications!

Out of all these applications only 4 to 6 resumes get shortlisted and are called for interviews. Out of these 4 to 6 people only 1 lucky candidate is selected.

#2 Every job seeker takes into account 5 factors before accepting the position at a firm.

They are –

The company culture, values and overall work environment
Distance, ease of commute, location
Prospects of maintaining work/life balance
Growth prospects in career and
Pay package and compensation.

#3 Almost 94 percent of sales personnel revealed that base salary is the most important determining factor in the compensation package for them.

But 62 percent of sales personnel say that commission is the most important element.

#4 Out of 3 employees at least 2 say that most employers do not do or do not know how to use social media platforms for promoting job openings.

And 3 out of 4 employees also believe that most companies and employers do not know how to promote their brand on social media networks as well.

#5 Social media platforms are used to search for jobs by 79 percent of jobseekers.

This figure rises to 86 percent for younger job seekers who are in their initial 10 years of job search.

To learn more about statistical analysis and for Data analyst certification in Gurgaon drop by our website at DexLab Analytics.

Interested in a career in Data Analyst?
To learn more about Data Analyst with Advanced excel course – Enrol Now.
To learn more about Data Analyst with R Course – Enrol Now.
To learn more about Big Data Course – Enrol Now.
To learn more about Machine Learning Using Python and Spark – Enrol Now.
To learn more about Data Analyst with SAS Course – Enrol Now.
To learn more about Data Analyst with Apache Spark Course – Enrol Now.
To learn more about Data Analyst with Market Risk Analytics and Modelling Course – Enrol Now.

Data analysis resources to keep you updated

Posted on March 24, 2016May 23, 2020 by Dexlab

One should always be proactive about building upon what they already know and have learnt, and with explosion of the web such resources can be obtained fairly easily. The problem is not the availability of resources but the abundance from it. Due to the availability of too many choices it often becomes difficult to gauge if the sources are actually authentic.

So, here is a list of books, websites and other resources which we think are authentic:

To stay on top of the latest trends and analyses reports and what’s new in the realm of analytics here are the best latest blogs:

FiveThirtyEight: the main man behind this blog is Nate Silver, a data whiz kid, this blog is the place to find out data analysis and visualizations of political, economic and cultural issues. The content in his blogs are usually light-hearted and interactive yet pointed with illustrative examples of data can be used in day-to-day activities.
Flowing Data: this is an interesting blog where Dr. Nathan Yau, PhD reveals how the data personnel – like designers, analysts, scientists and statisticians can analyze and visualize data to gather a better understanding of the world around us. It is especially fun to read as Yau offers a funny approach about the regular challenges faced by a data professional in this field. One can also find job recommendations, tutorials and other resources in this blog.
Simply statistics: this is another blog that is managed by expert professors each from Ivy League colleges like Johns Hopkins University, Harvard University and the Dana Ferber Cancer Institute. These professors also talk about how data is being used or misused around the world in different industries.
Hunch: this blog has been created by John Langford from Microsoft Research, he is the doctor of learning there and his blog talks about machine learning basics of what we know and how we use what we know. This is a good read for those who are new in the field of machine learning and do not yet know how things work in machine learning as it provides an in-depth view of new ideas and events going on in this industry.

To connect to other fellow data scientists and analysts to inquire about questions that may arise while you try the tread the treacherous roads of the data world, these are few communities of data analysts you can follow.

1. Kaggle competitions: this is a popular community that all data scientists are likely to come across. This is a platform where one can find data prediction competitors. This is a platform where one can search for upcoming competitions in data analysis the website also features a forum where a visitor can ask any question or find a partner for the competition, share resources and ask for support to make a good career in data science.
2. Metaoptimize: this is a question and answer community for people who are into machine learning, natural language processing, data mining and more. Badges are awarded as per votes on questions are awarded. Thus, making it becomes simpler for the visitors to discover the most popular helpful answers to the questions.
3. Datatau: this website is best described as hacker news for data scientists and it lives up to this description to the last word. People share career advice with each other; interesting articles are shared amongst the users and then commented upon also the people here share useful information to those new to the world of data analytics.
4. DexLab Analytics blogs: while DexLab Analytics is one of the leading data analytics training institute in Gurgaon, but they maintain regular blogs about the latest developments in the field of data science and provide India-specific as well global data related news. For students pursuing or aspiring to pursue a career in data science must follow the daily posts from this institute.

In conclusion we would like to add that while there are several resources from where one can obtain valuable information about data analysis. Thus, keeping this list as a starting point you can find several other experts out there to help you learn more about data analytics.

Interested in a career in Data Analyst?
To learn more about Data Analyst with Advanced excel course – Enrol Now.
To learn more about Data Analyst with R Course – Enrol Now.
To learn more about Big Data Course – Enrol Now.
To learn more about Machine Learning Using Python and Spark – Enrol Now.
To learn more about Data Analyst with SAS Course – Enrol Now.
To learn more about Data Analyst with Apache Spark Course – Enrol Now.
To learn more about Data Analyst with Market Risk Analytics and Modelling Course – Enrol Now.

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