Data analysis is one of the hottest trends in the business world today. The Globe and Mail, Canada's foremost news agency, reports that demand for data analysts is so intense that the number of people employed in the field has doubled since 2011 and will likely double again by 2017.
Quite rightly, a recent McKinsey Global Institute study called data analysis "the next frontier for innovation, competition and productivity." Companies increasingly recognize that data analysis can provide competitive intelligence and strategic insights. They are on the lookout for analysts to mine big data sets and spot the trends that can help them draw accurate forecasts, manage performance, make decisions, foster innovation, and drive efficiencies.
The UFV Data Analysis post-degree program was designed to respond to the exploding demand for data analysts across all sectors of the economy. The ten-month program equips you with the practical skills you need to turn data into the business intelligence that companies and institutions highly value in the marketplace.
You learn the computing techniques required to analyze vast amounts of data from varied sources, identify patterns, and present your findings compellingly to decision makers. The program is an ideal option if you have an undergraduate university degree and want to acquire specialized skills that can set you apart in the job market. Upgrading options are available for those who do not quite meet the entrance requirements.
A study by McKinsey Global Institute warns that a significant shortage of qualified data analysts is forthcoming. According to the report, a shortfall of about 140,000 to 190,000 workers is projected by 2018. The study also predicts a need for an additional 1.5 million managers and analysts to make the most of the data currently available.
Jobs for data analysts are opening in a wide range of fields, from banking to health care, business to education, science to telecommunications. Salaries match the demand, with impressive entry-level wages rising to the six-figure range for senior analysts.
Experienced data analysts with strong leadership and business skills may progress to become senior or lead analysts, managers, chief information officers, or consultants.