Directors of analytics supervise a team that provides analytical expertise for their organization. They are in charge of coordinating efforts and provide coaching to staff members in their department. Directors of analytics spend a large portion of their time performing statistical analysis based on market knowledge and research expertise. They identify patterns based on aggregate data to find risks or opportunities, as well as make performance change recommendations. Directors of analytics create forecasts using analytical information and results, compare sets of data to optimize resource allocation, and support business development through their use of complex data. These directors must follow company procedures to reach all established goals.
Directors of analytics ensure the quality and integrity of market research using standard industry techniques. They manage a group of trained employees that analyze large amounts of information; their team collaborate with other groups in their organization to share important information and increase company awareness of relevant data. Directors of analytics use a personal computer as one of their main tools, and they must be proficient with analytical software. They must also be familiar with word processing and spreadsheet programs to record their findings and create extensive documentation. Directors of analytics must also actively participate in training sessions and respond to employee inquiries in a timely manner.
A bachelor's or masters degree in mathematics, statistics, operations research, or a similar field is necessary for this position. In addition, experience in a managerial capacity is required for this job. Directors of analytics must also have advanced analytical skills to help tackle organizational obstacles. They must also be highly organized professionals that pay strong attention to detail in their daily tasks.
Director of Analytics Tasks
- Collaborate with executives and other departments to identify and meet information needs.
- Analyze and validate findings, creating reports, presentations, and visualizations.
- Manage a team of analysts, assigning schedules, and projects.
- Develop, implement, and disseminate metrics about quality, performance and outcomes.