Modern companies have a growing need for well-rounded business professionals who can leverage data and analytics to improve decision-making. Young professionals interested in pursuing a career in data are wise to study the most cutting-edge data management strategies before entering the workforce.
The best way to achieve this is by obtaining an advanced degree, such as a Master of Business Administration (MBA). Some programs, like the online MBA with a Concentration in Business Analytics program from East Tennessee State University (ETSU), offer key courses in data and analytics, which helps prepare graduates for a wide range of career paths.
The U.S. Bureau of Labor Statistics (BLS) projects that job growth for data-centric roles will grow 36% from 2023-2033, which presents significant opportunities for emerging graduates. In the world of data, one of the top data management trends among corporations is the ongoing transition toward cloud-based data storage.
The Evolution of Data Management
Data management is rapidly changing as companies pivot away from traditional strategies — like Linear Tape-Open Technology (LTO) — in favor of cloud storage. LTO has been the preferred method for companies to store their data for years, but modern companies are opting for cloud solutions to store, manage and access their data thanks to four key benefits:
- Scalability: Cloud storage solutions allow companies to scale their usage up or down as needed. This flexibility can be invaluable for both younger companies that are growing quickly as well as bigger companies that want to scale down.
- Better security: Cloud storage solutions can eliminate many risks associated with manual data management processes, such as accidental damage, loss or theft. Additionally, cloud storage’s geographically dispersed nature eliminates the single-point-of-failure risks inherent to LTO.
- Cost-effectiveness: Cloud storage requires virtually no upfront investment and allows companies to pay only for the storage capacity they need. This makes it much more cost-effective than LTO, which incurs additional expenses such as physical storage space, security and environmental controls.
- Ease of use: Many cloud storage solutions are simple to use and can automate the manual tasks associated with traditional data management processes, like data integrity checks, data replication and data backups.
With these benefits in mind, it’s easy to see why today’s companies are highly interested in leveraging cloud data solutions. However, switching to a cloud solution is often easier said than done.
Ongoing Challenges of Cloud Storage
In a perfect world, many companies would likely choose to instantly switch over to cloud storage so they can start reaping the benefits. This task is much more complex in the real world.
One of the major challenges with transitioning to cloud storage is that it usually disrupts a company’s day-to-day operations, which can be a dealbreaker if those operations include critical workloads. Few companies can afford to put their operations on hold for weeks while migrating systems. This example highlights the need for talented individuals who can help companies transition smoothly from a legacy data management system to more nimble, cloud-based solutions. Young professionals equipped to handle this responsibility will likely find their skills in high demand over the coming years.
Gain Data Management Insights With an MBA in Business Analytics From ETSU
One of the best ways to communicate your skill set to employers is by obtaining an advanced degree, such as an MBA. This is especially true for programs that specialize in a relevant field. For example, ETSU’s online MBA in Business Analytics program offers the following data-specific courses:
- Data Management: This course teaches students the technical skills relevant to the field of data analytics. This includes topics like data modeling and structure, database query languages (SQL, NoSQL and NewSQL) and data transformation.
- Operations and Technology Strategies: This course provides students with a fundamental understanding of the strategic impact of decisions within modern business operations. Students will learn topics like process planning, project management and analytics.
Obtaining an MBA communicates two things to employers. It signifies the necessary skill set to succeed in today’s world as well as a commitment to continuous learning. Graduates will be able to quickly adapt to whatever changes the future brings.
Learn more about East Tennessee State University’s online Master of Business Administration with a Concentration in Business Analytics program.
