Actuarial Sciences

Big Data Analyst

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What is a Big Data Analyst?

A Big Data Analyst or Functional Analyst uses their ability to focus on details and patterns to analyse big data and models. They provide reports and visualizations to demonstrate insights that can be drawn from raw data, they inform decisions, and use mathematical modelling techniques to solve problems in financial markets. This role requires a strong affinity with mathematics, an understanding of data and an ability to draw key learnings from data.

The Big Data Analyst needs to be highly organised and have the ability to focus on detail. Strong communication skills and the ability to draw meaningful insights from statistics and data, and to represent these learnings in a way that makes sense to others, is the foundation of a successful analyst. They need to both understand the data, and be able to provide insight and analysis through clear visual, written and verbal communication. Data Analysts are expected to analyse various scenarios, leveraging intelligent inferences for the company and in so doing, helping the company to develop strategies for doing business in the given scenario.

Fundamentally, the Big Data Analyst answers the questions, “What happened?” ; “Why did it happen?” ; “What is likely to happen?” ; and “What action should be taken?

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This article was first published on Quantify Your Future.

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