Data literacy
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How good leaders use data to get ahead in business
Yahoo Finance· 2025-09-23 09:05
Core Insights - Data fluency is increasingly recognized as an essential leadership skill that enables individuals to translate data into actionable business strategies [3][4] - There is a growing demand for employees with data skills, with 57% of managers planning to hire more data-skilled personnel in the next five years [5] - Despite the increasing reliance on data, many employees feel anxious about working with it, leading to errors and decreased productivity [6] Group 1: Importance of Data Fluency - Data fluency allows individuals to frame the right questions, pull pertinent data, and implement changes that lead to positive business outcomes [2] - The ability to connect quantitative evidence with strategic leadership is crucial for effective management [3] - Translating evidence into action differentiates those who merely manage information from those who drive meaningful outcomes [4] Group 2: Current State of Data in the Workplace - A Gallup study indicates that 57% of managers expect to increase hiring of data-skilled employees due to rising data dependence [5] - The Canva survey reveals that while 90% of employees work with data weekly, 75% notice an increase in data reliance [5] - Two-thirds of employees express anxiety about data work, with 30% actively avoiding it, resulting in more errors and lower productivity [6] Group 3: Industry Applications of Data Fluency - Businesses across various industries are leveraging data to enhance operations and drive success [7] - In the insurance sector, data fluency is about connecting insights to protect livelihoods rather than complex analytics [7]
Navigating the Data Jungle: How to Learn Data Science & Analytics | Ali Mojiz | TEDxSICAS DHA Youth
TEDx Talks· 2025-09-02 15:55
Career & Skill Development in Data Science and AI - It's not essential to have a computer science, mathematics, or statistics background to pursue data science and AI; passion is key [1][2] - Data literacy starts with understanding basic statistical techniques, definitions, and mathematical concepts to make sense of data [4] - Learning by doing is crucial for acquiring skills in data science and AI, moving beyond just reading theory [12][13][14][15][16] - A growth mindset and iterative learning are important for success in data and AI, starting with the basics and progressing step by step [18][19] - Over-reliance on AI tools like ChatGPT can hinder problem-solving abilities; ethical use and critical thinking are essential [27][28][29][30][31] Resources & Community Engagement - The internet offers a plethora of free resources for learning data science and AI; willingness to step out of one's comfort zone is key [7][8][11] - Joining online communities like Reddit and LinkedIn groups can facilitate networking and learning in data science and AI [22][23][24] Communication & Business Acumen - Successful data scientists must be able to communicate insights to business users, translating technical findings into understandable language [25][26] Industry Outlook & Opportunities - The field of data science and AI offers opportunities to be a change maker, with potential for high earnings even in regions like Pakistan [12][36] - Exploring AutoML frameworks and YouTube videos can provide a feel for building AI models, offering a starting point for pursuing data science and AI [33][34]