Eric Schmidt is the executive chairman of Google’s parent company Alphabet. He obviously has some experience as a boss to know what skills are important for employees to have.
In an interview with CNBC, Schmidt, as well as adviser to CEO Larry Page Jonathan Rosenberg, both said that this is the skill that will become increasingly important in the workplace in the future.
That skill is data analytics.
“I think a basic understanding of data analytics is incredibly important for this next generation of young people,” Schmidt told CNBC. “That’s the world you’re going into.”
“By data analytics, I mean a basic knowledge of how statistics works, a basic knowledge of how people make conclusions over big data.”
Both executives agree that focusing more on data analytics will help businesses.
Rosenberg said, “My favorite statement that echoes Eric’s is ‘Data is the sword of the 21st century, those who wield it well, the samurai.'”
So what exactly is data analysis? Its analyzing information using statistical tools and techniques. These analysts typically study statistics, data science, and math.
According to the Bureau of Labor Statistics (BLS), the number of roles for individuals with this skills set is expected to grow by 30 percent over the next seven years.
Disclaimer: We have no position in Alphabet Inc Class A (NASDAQ: GOOGL) and have not been compensated for this article.