More often than not, a data analytics team is involved in improving processes and solving complex problems to make a real impact. However, their key roles and responsibilities may slightly vary from one organisation to another. In general though, below are some of the responsibilities of a data analytics team.
Create Data Collection and Analytics Capabilities
One of the primary responsibilities of a data analytics team is to create data collection and analytics capabilities. According to the professionals behind a credible data analytics company, when this is done properly, customer, product, as well as operational insights are uncovered. However, this entails the need to collect accurate data which can sometimes prove to be challenging because of the variances in different data sources. Even the structure of data to be collected can vary.
Analyse Data Sources
Another key responsibility of a data analytics team is to carefully look into different data sources. Because data sources may vary, with one yielding structured data and others unstructured data, a data analytics team needs to classify the data they collect accordingly. In doing so, they will be able to perform the necessary data transformation processes to ensure that the information they store in the database is clean and ready for retrieval. In this way, they will be able to propose solutions to strategic planning issues on a one-time or periodic basis.
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Provide Data-driven Decision Support
A data analytics team should also be able to provide data-driven decision support to the other members of the organization through the reports they present from the data they collate. This means that they need to be able, to sum up, the data into a usable format that can be a basis in making sound decisions for the organisation. They should also ensure that the data behind every report is accurate and updated.
Develop Analytics Models
Finally, a data analytics team should be able to develop analytics models and insights for customer-facing applications, or even the applications being used by employees of the organisation. In this way, they will be able to support efficient processes that pave the way in driving revenue for the business. They also need to provide data-driven decision support by developing analytics models. In the end, their overall goal is to improve processes and resolve even the most complex problems through the data they collect and organise. This means that they are not limited to identifying the key metrics that matter to the organisation, but also coming up with innovative ways on how they can affect it positively.
For instance, they can suggest the development of interactive tools that can be useful in monitoring operations and gathering data. This tool can then highlight outliers, which can pave the way for sound analysis, helping the organisation come up with ways on how to improve that aspect of their operations.
Some of the key responsibilities of a data analytics team are to create data collection and analytics capabilities, as well as analyse data sources to ensure the quality and accuracy of the data they collect. They also need to provide data-driven decision support by developing analytics models. In the end, their overall goal is to improve processes and resolve even the most complex problems through the data they collect and organise.