Internet-based products and applications have been booming in recent years for a number of reasons. As more companies start up and try to forge their own place in this crowded market, they need economics experts who can analyze user data and help them increase their market share. For Internet companies, their way of staying ahead of the competition is to use analytic as a way of understanding their business and how it fits in the larger marketplace.
There is a huge need for good analytic, and all econ majors have been trained and tested on their analytic skills over and over again. These companies need experts who can tell company leadership how their customer data is affecting their bottom line.
Another industry that needs an influx of trained economists is the health care industry. Health care centers are growing rapidly in the United States, employing millions and helping millions more. Many of these health care companies have a pitiful working knowledge of their costs and profits, and could use the expert help of economically-trained analysts to help them understand their costs and help people in a more efficient and cost-effective manner.
Andrew Charlton holds a Doctorate in Economics, which he earned from the Oxford University. Although Charlton took a mostly academic approach to his economic analyst career, publishing many papers, articles, and books on various economic subjects, including China’s entry into the world economy, he has also pursued corporate positions. He is the director of AlphaBeta Strategy and Economics.
Visit http://www.randomhouse.com.au/authors/andrew-charlton.aspx for more information about him.