Employees working in the financial services and banking industry are at risk of being left behind if they do not develop data literacy skills, according to research from Qlik. The majority of C-suite executives (85%) working in the industry believe that their staff would struggle in the future workplace without them.
According to the report, Data Literacy: The Upskilling Evolution, developed in partnership with The Future Laboratory, the demand for data literacy skills comes at a time when employees report their use of data and its importance in decision-making has more than doubled over the past year. This has been most evident in the finance industry when compared to retail, healthcare, HR and manufacturing. As a result, both business leaders and employees ranked data literacy as the most in-demand skill in the sector by 2030.
“Data literacy is not a nice to have, it’s a necessity and business leaders need to wake up to this,” said Dr Paul Barth, Global Head of Data Literacy at Qlik. “To gain competitive advantage and in many cases, stay alive in the uncertain economic climate we are in, all business decisions must be grounded in data.”
