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One student and postdoctoral researcher have even worked in financial firms where the abilities to analyze data, develop models, and synthesize them in ways that help predict data trends are seen as transferable skills.
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"Data and the ability to analyze data is the new source of authority.
So even as our ability to analyze data has gotten better and better, thanks to advanced computing and an increase in the amount of data available to analysts, our ability to collect data has gotten worse.
The goal is to be able at last to capitalize on what so many e-tailers have said is their great advantage: the ability to analyze data about sales and customer browsing patterns and respond quickly with offers that more consumers will be interested in.
As the ability to analyze data has grown more and more fine-grained, the push to understand how daily habits influence our decisions has become one of the most exciting topics in clinical research, even though most of us are hardly aware those patterns exist.
"In a globally competitive world, the ability to analyze data presented in different formats — for example, in tabular or graphical form, or in written summary — and to then identify where you might find a competitive advantage becomes increasingly important," Mr. Sarathy added.
Because even as information access is becoming commonplace, the ability to analyze data and add expertise to it is turning into a competitive advantage.
Syncsort opens the mainframe environment a bit more for analysis, giving companies greater ability to analyze data that has traditionally been unavailable.
Tresha argued that being analytical is a key skill in the financial industry: "The ability to analyze data quickly and provide clients with real-time options is critical".
In fact, the ability to analyze data is considered a critical capability for contemporary organizations (Davenport 2006), and the ability to generate value from information is one important function of IT (Kohli and Grover 2008).
The NSA's ability to analyze data about innocent Americans that is already in its possession without any sort of protections would only be slightly limited.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com