On 30 June 2021, True Digital Park organized an online discussion called Tech Master Talk: Bringing the Power of Data to Your Business powered by LSEG (London Stock Exchange Group) to discuss how data can be used to help businesses perform better by talking to 3 speakers from LSEG (London Stock Exchange Group) and LINE MAN Wongnai.
Here are some useful information companies can take to transform your business into a data-driven business.
Data analytics lifecycle recommended for businesses
Job positions of people working with data analytics lifecycle include:
Recommended tools for effective data management
Ms. Manussanun, Senior Data Engineer from LINE MAN Wongnai, says that her company also uses cloud service platforms from Google Cloud and AWS to help set up a database within the organization.
Companies have to start asking 2 questions to help planning and managing fundamental data within the organization:
In the first stage, there are 2 positions that are needed in data-driven businesses:
In the working process, the data engineer will create a data platform and data pipelines to put data in the correct format, then send it to business intelligence (BI) and apply for visualization or dashboard.
Once the company has begun to see the benefits of the steps above, the company can develop the data into insights and hire data scientists into the team later.
Challenges in data science include:
Mr. Chusana, Senior Data Scientist of LSEG, said the accuracy of the data is very important. Therefore, the company should always recheck data and try to avoid making mistakes.
Nowadays, data science has become a popular career because it helps support the company by using machine learning. After analysis, the results can provide more accurate directions for the companies to reach their goals than having the company relying on directions from top executives.
If you are looking to change your career, our speaker recommends upskilling and reskilling by learning more about statistics and programming such as MySQL, Python, Tableau, Microsoft Access, and Excel.
True Digital Park is offering useful talks and events in our community events page, please check them out: https://www.truedigitalpark.com/events
True Digital Park—Southeast Asia's largest tech and startup hub located in the heart of Bangkok CyberTech District.