Home Business NewsBusiness Business leaders willing to offer a 30% higher salary to someone who is data proficient

Business leaders willing to offer a 30% higher salary to someone who is data proficient

by LLB Reporter
31st Aug 16 11:38 am

Yep, it’s true

Data and analytics skills could be more important in business than industry experience, management experience, or a second language, new research from Alteryx has revealed.

The Business Grammar Report, commissioned by the leader in self-service data analytics, surveyed UK business leaders and found that over a quarter (26%) consider data and analytics skills to be the most important skill or capability for a potential new employee. In total, 60% consider data and analytics skills one of the top two skills or capabilities, with industry experience coming just above (69%).

Less than a quarter (22%) now feel that multilingualism is one of the top two qualities for potential hires, despite the fact that a report from as recent as 2014 suggested two thirds of British businesses identified a demand for second languages.

Alteryx research found that the shift in the importance placed on data and analytics has also been reflected in the way businesses manage and interact with data. Recognising that data can no longer be confined to the IT department or technical specialists, the study uncovered that only 15% of UK businesses still leave data analysis to an IT or business intelligence team. In fact, 31% of business leaders are already empowering business users with self-service analytics tools to help them quickly solve daily business challenges.

Data analytics is now considered so integral to business that four out of five (79%) business leaders surveyed feel that data analytics should be a compulsory part of all MBA programmes.

“Our research found that UK business leaders would be willing to offer a 30% higher salary to someone who is data proficient over one who isn’t,” commented Stuart Wilson, VP EMEA, Alteryx, Inc. “The change in attitude that’s taking place in boardrooms today shows the value of being data-savvy and how important it is that effective analytics are made available to business users. It makes sense to equip every business analyst with self-service tools that allow them to ask questions of their data.”

 

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