Role of a Clinical Data Analyst

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What are roles of a Clinical data Analyst ?

  • Role of a Clinical data Analyst is to analyze science, engineering, business, and other data processing problems to implement and improve computer systems.
  • Analyze user requirements, procedures, and problems to automate or improve existing systems and review computer system capabilities, workflow, and scheduling limitations
  • Involved in the installation and development of hospital computer information programs.
  • To perform system upgrades and provide system maintenance whenever necessary.
  • They may participate in developing policies and creating training tools for hospital information systems users.
  • Instruct technicians in making changes to system software or design.
  • Other duties include training new hospital staff on information systems and ensuring that data input and information retrieval are done properly.

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In order to become a successful clinical data analyst, you will need to acquire a certain set of skills, including:

  • Professionals in this field must have advanced software knowledge
  • The ability to supervise staff and maintain hospital information confidentiality.
  • Extensive computer knowledge,
  • Analytical mind and excellent problem solving skills.
  • Handle stressful situations.
  • Knowledge of SQL
  • Data modelling & Data analysis

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  • Able to compile, analyze and evaluate data
  • Able to accurately apply data to clinical issues
  • Must have a strong understanding of database programming concepts and clinical data management systems
  • Must be able to use information technology to create statistical models
  • Must be able to manage multiple projects and processes at the same time
  • Must be able to effectively communicate findings to other members of the research team
  • Bachelor’s degrees in computer science or a related field is required to become clinical systems analysts.
  • Students should major in areas such as information management, computer science or healthcare administration.
  • Networking and programming experience may also be a requirement.

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Role of Retail Sales Analyst

 

What does a Retail Sales Analyst do?

  • The Role of Retail Sales Analyst is to prepares sales forecasts, researches, collects and analyzes data to evaluate current sales goals and current economic conditions affecting organization’s ability to sell its products or services in the market place.
  • The Role of Retail Sales Analyst is to Identifying current sales trends and the prediction of future trend directions
  • The Role of Retail Sales Analyst is to Assists in the development of sales quotas and forecasts for the sales team.

  • Recommends changes to current sales techniques, procedures or promotional efforts based on market research and new trends.
  • Responsible for the smooth flow of goods through a retail outlet which entails monitoring sales, identifying current and future trends, and supervising the outlet’s inventory.
  • The analyst typically also serves as the outlet’s liaison with their suppliers and off-site warehouse
  • A critical member to whom the rest of the management group looks for guidance on a number of sales and inventory-based issues.
  • Day-to-day work load which includes the control of the store’s inventory.
  • Development, implementation, and maintenance of the stock-keeping policies and systems that ensure smooth stock movement.

 

Key skills and qualifications of a Retail Sales Analyst

  • Strong database development abilities
  • Excellent verbal and written communication skills
  • An eye for detail
  • Proficiency with business software, such as Microsoft’s Excel spreadsheet program
  • Statistical software and relational database programs
  • Effective reports and presentations skills

Hold a bachelor’s degree in a relevant financial discipline, business administration, management, accounting, finance, marketing or economics or a relevant professional course into retail analytics.

Like other finance and analysis-related careers, becoming a sales analyst requires a combination of education and business experience.

Salary Range:

Median 5.4 Lakhs

 

Role of Fraud Analyst

 

What is the role of a Fraud Analyst? Before understanding the role of fraud analyst, let’s try to understand what is fraud analytics and the need of it in across industries.

 

What is Fraud Analytics?

  • Fraud management isn’t new – it’s a cultural shift. Organizations had a set of processes to handle it but now analytics is the addition which will help to get the value from analytics.
  • Fraud analytics is a combination of applying analytic technology and techniques with human Interaction to help detect potential improper transactions, such as those based on fraud and/or bribery, either before the transactions are completed or after they occur.
  • The process of fraud analytics involves accumulating and storing relevant data and then mining it for patterns, discrepancies, and anomalies. Then we produce findings which are then translated into insights that can allow a company to manage potential threats before they occur as well as develop a proactive fraud detection environment.

Why Fraud Analytics?

  • Few powerful tools have been in widespread use to combat fraud, Corruption, and abuse for more than 2 decades with certain limits to it. Adding analytics to this mix can significantly increase the fraud detection capabilities. Analytics can enhance the existing methods and also help measure performance to standardize, constantly improve performance.
    In short, for companies awash in data – it can be put to better use.
  • Analytics technology can Identify hidden patterns, uncover new patterns, trends, schemes that traditionally were missing.
  • Fraud analytics helps pulling data from across your organization into one central Platform, helping create a true, enterprise-wide approach. With fraud analytics in place, you don’t have to guess. The data tells the story. More the data, higher is the chances of opportunities to investigate.

The role of fraud analyst

  • A fraud analyst is a detective
  • Observes and investigates customer transactions
  • Investigates the suspicious activity to gather further evidence
  • Investigates forgery and theft within customers’ accounts and transactions on behalf of a bank or a financial institution.
  • They track and monitor the bank’s transactions and activity that comes through the bank’s customers’ accounts.
  • Identify and trace any suspicious or high-risk transactions, and determine if there is improper activity involved and if there is risk to the bank or its customers.
  • Conducts and lead investigations into any potential fraudulent activity up to their natural conclusion.
  • To recognize problems and discrepancies in records or people’s accounts of occurrences.

Key skills and qualifications of a Fraud Analyst:

  • An eye for detail
  • An inquisitive mind
  • Critical thinking and complex problem-solving abilities
  • Good oral and written communication skills

A bachelor’s degree is required for this position, with a concentration in finance, business, mathematics, or economics.

Industry Hiring Fraud Analyst:

Salary Range:

Median Salary 5.61 lakh (Pay Scale Report)

 

Role of a Marketing Data Analyst

What do Marketing data analysts do?

  • Market Research Analysts assess consumer preferences in order to help organizations decide how to shape, advertise, and market their products and services.
  • Analysts utilize surveys, focus groups, and interviews to gather data.
  • They present their findings through charts, graphs, and other visual means to executives and clients in order to help them make ​better informed decisions about product introductions, modifications, and marketing campaigns.
  • Market Research Analysts interpret the data they have collected and ​organize this information into statistical tables and reports.
  • Their analyses and research create a visual of industry trends and of competitors so that organizations can predict how products and services will fare in the marketplace.
  • Marketing data analysts are experts in quantitative and qualitative market analysis.
  • They excel in identifying key market statistics, Interpreting findings, Helping marketing managers understand the numbers behind their marketing strategies.
  • Marketing analysis is the study and evaluation of market trends.
  • The goal is to determine what products a company should produce and how to sell them.
  • Business strategies and tactics are reliant upon marketing analysis, which is applicable to all industries that distribute a product or service.

Required Qualifications:

  • Strong mathematical and analytical problem-solving skills
  • Bachelor’s degrees in marketing or statistics

 

Market Research Skills:

  • Ability to Build and Maintain Analytical Models
  • Analyze Consumer Demographics, Preferences, Needs, and Buying Habits
  • Analyze Data to Draw Both Qualitative and Quantitative Conclusions
  • Basic SQL Experience
  • Build Solid and Strategic Relationships With Business Leaders and Clients
  • Convert Findings Into Written Reports
  • Design Research Methodology
  • Develop and Implement Sampling Plans
  • Develop Questionnaires and Discussion Guidelines
  • Devise and Evaluate Methods for Collecting Data (Surveys, Questionnaires, Opinion Polls)
  • Experience With Microsoft PowerPoint and Word
  • Experience with Statistical Software Platforms (SPSS, WinCross, SAS, Market Sight)
  • Familiar with Social Media, Online, and Mobile Research Techniques
  • Fast-Paced, Independent Thinker
  • Forecast Future Product and Buying Trends
  • Gather Consumer, Competitor, and Market Condition Data

 

 

Industries Hiring Marketing Data Analyst:

  • Search engines
  • Social networks
  • IT/Software
  • Financial institutions
  • The health care
  • Engineering companies Oil industry
  • Retail
  • Telecom/Mobile analytics
  • Marketing agencies
  • Data science vendors
  • Environment, utilities government and defense
  • Manufacturing
  • BPO/KPO

 

Salary Range:

Median Salary 4.20 Lakhs Per Annum

Role of a Website Analyst

What does a Website Analyst do?

  • Website Analyst is responsible for creating data entry procedures, managing data integrity, system security, and data analysis.
  • Website Analyst Analyzes costs and make decisions on technology trends, staffing, and equipment purchasing.
  • Works closely with the website development staff, creating new reports and methods to improve data collection.

 

 

  • Responsible for creating and maintaining the rules of Data quality while entering data which are the steps followed by website developers when creating website applications.
  • Responsible for the physical security, reviewing the procedures in place to control both the people who have access and exactly what functions they can perform.
  • Review of system-generated reports. They are responsible for providing accurate and comprehensive reports to senior management on costs, activity, website visitor demographics, and other information. This is a critical function for effective decision making for both the website and the business overall.

Key skills and Qualifications of a Website Analyst:

  • Html, JavaScript, cookies, in depth knowledge of the primary tool.
  • Knowledge of online survey tools, customizing tracking on primary tools, heat mapping, call tracking, ecommerce platforms, payment platforms, CRMs, CMS, SPSS.
  • In depth knowledge of the characteristics and mechanics of SEO, PPC email platforms, affiliate, social media, offline media etc.
  • Analytical

Industries Hiring Website Analyst:

Web analytics is a newly developing field that has emerged to meet a growing need. As more companies invest significant financial and staff resources into the development of websites and related tools, analysis is required to determine the cost/benefits, ideal usage, and effectiveness of these tools.

Salary Range:

Median

 

 

Role of a Pricing Analyst

What does a Pricing Analyst do?

  • A pricing analyst is a professional who specializes in the study of pricing, with the goal of determining the best prices for the company he/she works for.
  • Pricing analysts look at industry standards, playing close attention to the pricing strategies of their competitors.
  • They use mathematical analysis to track pricing trends, and they also study consumer habits to determine how much people are willing to pay for various products, and to look for patterns in consumer spending.
  • Analysts are interested in the cost of production of various items, the amount of profit a company wants to make, and associated costs like marketing and packaging.
  • Provide accountability for improving pricing performance.
  • Provide dedicated resources to business unit leaders and sales teams to help them identify opportunities that will close, offers that will sell and prices that will win.
  • A Pricing Analyst works with service contracts, rate requests, tenders and tariff implementation.
  • Pricing Analyst carry out presentations, work with spreadsheets and run or participate in meetings.
  • A Pricing Analyst also needs to be able to strategically plan and participate in service contract negotiations.
  • Regularly report on trade either weekly or monthly. The scrutiny of tender documents and keeping up to date with what’s going on in the markets is essential. 

Key skills and qualifications of a Pricing Analyst:

  • Strategic and tactical skills, advanced analytical
  • Good reporting and analytical skills
  • Critical and strategic thinking skills
  • Data-driven and detail-oriented
  • Strong interpersonal skills
  • Strong communicators
  • Strong leadership and commitment
  • Knowledge of human psychology in addition to a deep understanding of the business world.
  • Must be competent in software programs such as Microsoft Office, Excel, etc.

These professionals often hold degrees from business schools, and some of their training is highly specialized, as pricing is a very delicate art.

A degree, especially shipping related, is seen as an advantage by employers, but not always essential.

Ideally, a Pricing Analyst will need a good knowledge of the shipping industry in order to do their job. They will need a good grasp of the terminology and concepts of related equipment and logistics.

 

Industries hiring Price Analyst:

This role can be very rewarding and is an excellent starting point for a career within Shipping and Logistics.

Many companies retain full-time pricing analysts, and it is also possible for a company to hire an analyst as a consultant for a particular project or concern.

  • Aerospace & Defense
  • Biotechnology
  • Business Services
  • Chemicals
  • Construction
  • Govt. & Nonprofit
  • Energy & Utilities
  • Financial Services
  • Healthcare
  • Hospitality & Leisure
  • Insurance
  • Internet
  • Media
  • MFG Durable & MFG Non-durable
  • Pharmaceuticals
  • Retail & Wholesale
  • Software & Networking
  • Telecom
  • Transportation

 

Salary Range:3-8 lakhs.

Median:Rs 416,504 per year. 

Role of a Research Analyst

Role of a Research Analyst

  • A research analyst is responsible for researching, analyzing, transforming and representing researched information related to company operations.
  • Do research for the company to get meaningful information from past data.
  • A bit of analysis on it.
  • Collecting information from data.
  • Work on data spreadsheets.
  • Reporting on the performance of the company.
  • Provide recommendations to improve company operations.
  • To keep eye on recommendations doing well.

Research Cycle

Skill Sets:

  • Excel skills
  • The ability to write well
  • Attention to detail
  • Strong mathematical and analytical skills.
  • Communication skills
  • Computer skills
  • Decision making and solving problems.
  • innovative thinking ability.

 

Educational Background

  • Research analysts are generally required to have at least a bachelor’s degree in business and economics, computer science, engineering, operations research and management science.
  • Though any specific professional degree is not required for research analysts but many earn graduate degrees to enhance their professional credentials.

Types of Research Analyst roles:

  • Operations Research Analyst
  • Market Research Analyst
  • Research or Industry Analyst
  • Economic Research Analyst
  • Equity Research Analyst

Industries Hiring Research Analyst:

  • The health care
  • Search engines
  • Social networks
  • IT/Software
  • Financial institutions
  • Engineering companies Oil industry
  • Retail
  • Telecom/Mobile analytics
  • Marketing agencies
  • Data science vendors
  • Environment, utilities government and defense
  • Manufacturing
  • BPO / KPO

They appear in all sectors

 

Salary Range:

Median

Role of a Marketing Analyst

 Role of a Marketing Analyst

  • As a market analyst your job is to study data and information to help your employer or client by providing informed or decisions about their market.
  • Writing reports and presentations.
  • Research and development
  • Take polls and surveys
  • Communicate information effectively
  • Marketing analysis is the study and evaluation of market trends to create marketing plans for companies before a product is developed or launched.
  • Design surveys that identify consumer preferences and prospective markets for products

 

Skill Sets / Desired Profile

  • Attention to detail
  • Ability to interpret and
  • Statistical skills
  • Analytical skills
  • Strong written and oral communication skills
  • Knowledge of software such as Excel or SPSS

Required Qualification:

  • Typical degree subjects like mathematical, social sciences, history and English, as these demonstrate the ability to analyze and interpret information
  • Degree in business, marketing or a related field is highly recommended.

 

 Industries Hiring Marketing Analyst:

Applicable to all industries that distribute a product or service

  • Search engines
  • Social networks
  • IT/Software
  • Financial institutions
  • The health care
  • Engineering companies Oil industry
  • Retail
  • Telecom/Mobile analytics
  • Marketing agencies
  • Data science vendors
  • Environment, utilities government and defense
  • Manufacturing
  • BPO/KPO

 

Salary Range:

Median

Role of a Financial Analyst

Role of a Financial Analyst

  • Collecting and analyzing financial information.
  • Monitor and interpret available data such as industry and economic trends,
  • Forecast the current trends into probable future profitability, determine a fair market value for the sale of company stock
  • Making recommendations to your company, investors, customers or clients based on the analysis.
  • Work on spreadsheets, creating reports and giving presentations.
  • Handling financial activities of company

 

Different types of Financial Analysts:

  • Securities Analysts,
  • Investment Analysts
  • Ratings Analysts

 

  Skill Set:

  • Excellent interpersonal,
  • Strong communication
  • Conflict resolution
  • Self starters
  • Typing skills,
  • Internet literacy,
  • Ability to use Microsoft programs
  • Understand financial markets.

 

Educational Requirements

  • A degree in accounting, mathematics, business administration, finance, management or statistics is required for entry level Financial Analyst jobs.
  • Chartered Financial Analyst (CFA), Chartered Investment Manager (CIM), and Certified Management Accountant (CMA).
  • Coursework including investment analysis, ethics, financial Analytics, financial modeling
  • Statistical skills, quantitative skills  and analytics qualifications are also key.

 

Industries Hiring Financial Analyst:

  • Insurance
  • Investment banks,
  • Mutual funds, Pension funds, Hedge funds and
  • Securities firms
  • Search engines
  • Social networks
  • IT/Software
  • Financial institutions
  • The health care
  • Engineering companies Oil industry
  • Retail
  • Telecom/Mobile analytics
  • Marketing agencies
  • Data science vendors
  • Environment, utilities government and defense
  • Manufacturing

 

Salary Range:

Median

Role of a Business Analyst

A Business Analyst is someone who:

  • Investigate goals and issues.
  • Analyze information.
  • Compare the past facts and figures to the current numbers.
  • Predict the information to deduce or predict failure within the company.
  • Communicate the information to related people (clients/ stockholders) etc.
  • Document findings.
  • Evaluate final solutions.
  • Managing requirements.
  • System and operations maintenance.

The BA has four major tasks to perform.  These tasks are:  Elicit, Analyze, Communicate and Validate.

Skill Sets:

  • Problem solving.
  • Listening skills.
  • Negotiation skills.
  • Analyzing Skills.
  • Strong written and oral communication.
  • Search engines.
  • Social networks.
  • IT/Software.
  • Financial institutions.
  • The health care.
  • Engineering companies Oil industry.
  • Retail.
  • Telecom/Mobile analytics.
  • Marketing agencies.
  • Data science vendors.
  • Environment, utilities government and defense.
  • Manufacturing

Salary Range:

Median INR 5.85LAC