Accountants nowadays are expected to adapt and acquire new skills to stay ahead of the curve as the business environment rapidly changes.
Among these skills is data analytics, which when mastered, can make a significant impact on an accountant’s career trajectory and professional growth.
Data analytics has become a crucial skill for accountants as it enables them to provide valuable insights to clients, drive efficiencies, and enhance risk management.
While analysing data has always been intrinsic to the accounting profession, advancements in technology have accelerated the volume of data that’s available and transformed the possibilities of applying such data.
Here are a few actionable steps to boost an accountant's data analytics skills:
- Enroll in relevant courses and certifications. Pursue courses and certifications in data analytics, such as those offered by Coursera, edX, or LinkedIn Learning. These platforms provide a wide range of courses, from beginner to advanced levels, to help accounting professionals to develop data analytics expertise.
- Gain hands-on experience. Apply newly acquired skills in real-life scenarios, such as internships, freelance projects, or volunteering opportunities. This will not only help accountants to gain practical experience but also demonstrate their commitment to professional growth.
- Network with industry professionals. Attend industry events, join professional associations, and connect with experts in the field to learn from their experiences and stay updated on the latest trends and best practices in data analytics.
- Showcase skills. Update your resume and LinkedIn profile to highlight data analytics skills and accomplishments. Share projects, case studies, or articles on the topic to showcase your expertise and attract potential employers.