Data Analytics
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Skilled and well-trained data analysts are some of the best and most sought-after profiles in the world. A data analyst commands a huge salary along with outstanding perks and can easily be found throughout the companies and sectors. Any company or organization using data will need these professionals to analyze it. Some tasks of these professionals include data analysis, making investment decisions, assess risks, target customers, and/or decide on capital allocations.
WHAT IS IT???
Data analytics is the process of assessing data sets to conclude the details they have, increasingly with the help of specialized software and systems. Data analytics techniques and technologies are extensively used in commercial sectors to enable businesses to make more informed decisions.
Initiatives of data analytics can help businesses improve operational efficiency, increase revenues, optimize customer service efforts and marketing campaigns, be responsive to emerging industry trends, and gain a competitive edge over others by boosting business performance.
DATA ANALYST PROFESSIONALS
A data analyst obtains information on particular topics and then interprets, evaluates, and presents findings in comprehensive reports. These professionals are expected to use all their skills and tools to provide businesses with competitive analysis and identify the trends within industries.
Data Analyst Job Objective – to know how to use the information to solve problems and give answers to questions for the benefits of their industry.
SKILL SET REQUIRED FOR BEING A DATA ANALYST
Business and technical skills are needed to become a successful professional. In additions some essential skills have been listed here:
- Database design
- Knowledge of various statistical methods
- Use of SAS and/or R languages
- Machine learning techniques
- Data mining and visualization for reporting
- Creative thinking
- Analytical problem-solving
- Understanding of the industry chosen for data research
AVERAGE EMOLUMENTS
As per the data collected by Payscale.com, the median salary for data analysts is $57,261 per annum. Factors such as education level, certifications, years of relevant experience, and the type of organization are some major factors that affect the salary.
OPPORTUNITIES PROSPECTS
According to the US Bureau of Labor Statistics, the employment opportunities for these professionals along with computer and information research scientists is expected to grow up to 11% by 2024.
EDUCATIONAL REQUIREMENTS
- Bachelor’s Degree: To get your feet in the door, you will need a bachelor’s degree in statistics, mathematics, or economics.
- You can also opt for a data analysis program to get an entry-level job in the field.
- There are many prestigious university options in UK, Ireland, Australia, Germany, Canada, New Zealand, Singapore, etc. to pursue your career in data analytics.
THE WAY AHEAD...
Thrilled... & Excited, but don’t know where to start.