Data Analyst is probably the most underrated job in the data industry.
With only self-service as the last level in the analytics game, we often underestimate how much an ad-hoc analysis made by someone who understands business AND understands data can be valuable.
I got the chance to work with a few in my previous experiences. Still, it's hard to find these unicorns.
The following lines list the top 5 things best to learn and focus on for being the analyst that every CEO should have by his side.
💵 Become a business guru
It's often what we hear. And it's often true.
Understanding what the business we are in is key to creating value out of the data we gather from that business.
The more we get in our brain the easier it will be to make our analysis outcomes positive.
How to learn more about the business you're in?
Chat with everyone. We will take a deeper sight at this one later on in this blog, but it's a key to getting used to chatting with anyone willing to explain what he's doing in the company and how it impacts revenue
Go down the customer support. Look at what customers are saying, what their product usage is, and why they crumble. It's also great, if possible, to be yourself a customer. At least to try the product.
Look at competitors. Do your competitors have the same pricing strategy? Do they have the same team structure? What are the key differentiators between you and them?
Once you have a good concrete business knowledge, go down the theory highway.
What makes a B2B company a success? What are the choices to be made (for example, "quality or quantity")? What are the different revenue strategies possible in your business? What's ARPU? What's LTV? What's SAC?
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