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IoA - Institute of Analytics is officially announced as the Analytics Associate for the 21st World Congress of Accountants

IoA – Institute of Analytics is named as the official Analytics Associate for one of the world’s largest gatherings of accountants and finance professionals, the 21st World Congress of Accountants 2022 scheduled to take place between November 18th and 21st, 2022 in Mumbai, India. IoA was previously associated with WCoA 2018 held in Sydney as an Analytics Partner.

Organised under the aegis of IFAC and hosted by ICAI, WCoA is all about celebrating ideas for the future. The World Congress, this time, would dwell upon the theme “Building Trust Enabling Sustainability” keeping in mind the important role the accountancy profession is playing as a protector of public interest and how the profession can play an instrumental role to enable sustainable economies for the future.

Often referred to as ‘The Olympics of the accounting professionals’; the WCoA is conducted every four years. WCoA brings together Global Leaders to discuss, find solutions to Global Challenges and centre itself around building prosperity and operating in the public interest to strike right at the heart of the profession and how it operates on the global stage.

Know more about the global event, its schedules and more at www.wcoa2022mumbai.org

To be a part of the 21st World Congress of Accountants 2022, register now at https://bit.ly/3aPp7UJ

The Institute of Analytics (IoA) launched The IoA Analyst Competency Framework.

London: Contemplated with the intention to enable professionals to become data leaders of tomorrow; IoA launched the IoA Analyst Competency Framework on the 22nd of June 2022 at Westminster Palace. The event was presided by representation of several leading organisations looking for introduction of the Framework into their organisational structure and curricula. The launch in Committee Room 12 was hosted by Martyn Day, MP for Linlithgow and East Falkirk.

The framework lays out a training programme to support organisations in upskilling their existing staff to become more data literate, and to offer structured guidance for graduate trainees. With over 7 years of professional preparation in 4 key skill areas, the Framework offers a way forward for organisations to take advantage of the opportunities data analytics presents.

The four training themes place different emphasis on four broad skill areas. There is a necessary emphasis on developing the coding, data manipulation and analysis skills in our Knowledge and Analytics section, which are the skills that set IoA members apart from other professionals, and gives them a balance of depth of experience and breadth of experience in data manipulation that they might not get from work experience alone. As more decisions are delegated to machines, IoA wants to ensure that its members know what it means to operate in an ethical and professional way through Governance and Professionalism training. IoA wants its members to make their work explainable through communications training. Finally, because of the role data leaders are likely to play in the future, IoA also structures training to prepare them to lead complex projects through Leadership and Personal Effectiveness.
Talking at the event Dr. Clare Walsh, Head of Education at IoA said that, “Just as we had to become digitally literate in the 1990s, the new challenge for the 2020s is to become data literate, and the Analyst Competency Framework lays out a pathway to achieve that.” She added that Data analytics are becoming more accessible to every organisation, and those that delay using evidence-based insights risk finding themselves at a disadvantage. Adding to her statement she said “We need a new workforce, equipped to build analytics pipelines and work with decisions reached by humans and machines, as it’s not a skill that we all need, not just computer experts. That’s why we have been working on the Analyst Competency Framework, to lay out the steps to becoming data literate, whether you are already established in a career with minimal analytics training, or for those taking a fast-track route through university training, we have a career progression plan for you.
Speaking about the Framework adapted by IoA, Dr. Walsh stated “The bulk of our framework is focused on the technical skills that set our analyst members apart from other professionals, but we know that they also need to understand the governance issues. Machines can make poor decisions just as humans can. All analysts need to communicate potential ethics and practical problems with a broader team, and be able to translate complex technical processes into something everyone can understand. Our work has to be transparent and explainable and our Framework lays out how to achieve these goals. It also forms the blueprint of our training programmes, while allowing some flexibility.”
When asked about the drawbacks we are looking at here, she mentioned that “One of the problems we face in training analytics professionals is that the technology and laws around data and AI use change every month in this fast-moving field. By agreeing with employers on the overarching skills that analysts need, we can update our training immediately when a law changes, or a new algorithm is released. Employers will still know what to expect from analysts at different levels as the overarching skills that applicants bring to their work will still be the main goal. We intend to use this framework to support employers in upskilling their staff, and to help individuals to progress in their career.

Datacamp - Learning Tracks

All IoA members can use the installation-free Data Camp environments to build, practice and test your skills in Data Camp. We have two custom built tracks to allow you to ensure your training is on course to fulfil your career goals. We’ve recommended two tracks of knowledge and analytics study aligned to all of the 7 first years in the Data Competency Framework.

Which Track is for me?

Business analyst with R: This track will take you through spreadsheet skills and BI tools in the early years, and build up your coding skills to use R environments in the later years with more challenging data projects.

Python analyst: This track goes straight into Python coding and will take you all the way to working with unstructured data and deep learning techniques.
Look for the track name and year when you search for a course.
With our custom tracks, we’ve selected the skills that we know employers are looking for but remember that you can also take any of the 300 courses and assessments and projects any time you want and add that to your CPD records, too. You can find a post discussing the aims and structure of the tracks here.

Datacamp - Learning Tracks

All IoA members can use the installation-free Data Camp environments to build, practice and test your skills in Data Camp. We have two custom built tracks to allow you to ensure your training is on course to fulfil your career goals. We’ve recommended two tracks of knowledge and analytics study aligned to all of the 7 first years in the Data Competency Framework.

Which Track is for me?

Business analyst with R: This track will take you through spreadsheet skills and BI tools in the early years, and build up your coding skills to use R environments in the later years with more challenging data projects.

Python analyst: This track goes straight into Python coding and will take you all the way to working with unstructured data and deep learning techniques.

Look for the track name and year when you search for a course.

With our custom tracks, we’ve selected the skills that we know employers are looking for but remember that you can also take any of the 300 courses and assessments and projects any time you want and add that to your CPD records, too. You can find a post discussing the aims and structure of the tracks here


View Learning Tracks


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