Data literacy, necessary for 2030
is the headline of the news that the author of WTM News has collected this article. Stay tuned to WTM News to stay up to date with the latest news on this topic. We ask you to follow us on social networks.
Data literacy is a must, and business leaders need to act on it. For this reason, 49% of these indicate that in the next 12 months they plan to almost double this training in response to the current situation.
This is clear from the latest research from Qlik, a leader in data analytics, which highlights that 85% of managers working in these areas believe that their employees will have difficulties in the future if they do not improve in this area.
“Data literacy is a must, and business leaders need to act on it. To gain a competitive advantage in many cases and to stay afloat in the uncertain business environment in which we are immersed, all decisions must be informed by data”, says Paul Barth, global director of data literacy at Qlik.
The report has identified that: Those who consider themselves literate believe that they have a competitive advantage over their peers. Among them, it stands out that:
- 71% feel more confident in making decisions when they have relevant data at their fingertips
- Also, 71% believe more in themselves when presenting any topic to their manager or the senior team if they have valuable data to rely on
- 68% believe that showing that you can work with data will help you in your career progression
Data literacy will be the most in-demand skill in the financial services industry by 2030
Organizational expectations do not match reality
In this industry, the expectations placed on data literacy are high. In fact, 86% of managers in the sector expect their employees to explain how data has impacted their decisions and proposals. However, only a fraction of people consider that they have these capabilities.
Regardless of this lack of confidence, financial services teams understand that these types of skills are key to success. The study shows that almost three-quarters of employees (73%) believe they need to be literate to do their current jobs.
Data Literacy Training
The report notes that only 6% of financial services leaders offer data literacy training for their teams. To find a solution, those responsible must plan, on average, to almost double their training offer in the next 12 months.