Companies are compelled to look for strategies that ensures higher business returns along with reduced operational expenses due to business challenges and rapidly evolving technologies.
Companies with huge databases may require standardizing data storage and security arrangements to align their operational structure with industry needs and requirements.
Data analytics can be defined as the process through which data is cleaned, analyzed and modeled using tools. So in the world of business, they need to standardize data storage and security arrangements, to align their operational structure with industry requirements. The demand for data analysts will grow by leaps and bounds in the near future.
Skills required for data analytics:
Data analytics require a plethora of skills. Mathematics and statistics form the base of Data analytics.
1. In order to become a Data Analyst, it is necessary to have good analytical, statistical and problem-solving skills.
2. Since the profile requires research and pattern evaluation, you must also have decent knowledge and understanding of coding.
3. Data visualization and communication skills are equally important and essential in order to perform well in the market.
4. Good grasp of programming language like Java, pearl, Python, C/C++, etc.
5. Decision making is another important skill that is required to have in order to pursue a career as a Data Analyst.
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Since Data Analytics or Data Science is a complex field of information technology and management, the best diploma and certifications are available at post-graduation level.
In order to pursue the courses, one must be graduate with at least 60% marks. While hiring 50% of hiring managers prioritized B.E/B.Tech graduates for data analyst roles. The remaining 50% of jobs are open to candidates with a higher educational degree or from a non-technical background.
Career prospects and Scope of data analytics
According to experts, India is the leader in the big data analytics market. Because of the change that the country is going through data around us is growing at a very fast rate. Today, it has become very important for most of the organizations hiring a big data expert for valuable data insights. Right business objectives, Right technologies, Right resources, Right business culture, and Right top management commitment are the several things require for exploring business analytics.
Jobs in the data analytics field are plentiful with the high package and the career path in this sector is abundant with a wide variety of opportunities across industries and corporate levels. In India, The scope of data analytics includes the organization in banking, policing, fraud detection, healthcare, telecommunications, e-commerce, and energy and risk management. Some of the top companies that have a great number of openings are JPMorgan, Accenture, Microsoft, Adobe, Flipkart, AIG, Ernst & Young, Wipro, Vodafone, and Deloitte.
The average salary of data analytics in India
After having pursued a certification or PG diploma in data analysis, the median salary for a data analyst in India is Rs 10 lakhs per annum. Salaries increases with experience and an individual with more than 10 to 12 years are expected to earn up to 25 lakhs per annum
Because of the bright future of data analytics, many professionals and students are keen on a career in data analytics. Any individual, who likes to work on numbers, has logical thinking, can understand figures and can turn them into actionable insights, has a good future in this field. Proper training and in-depth learning of the tools of data analytics would be required to begin with. As it is a course that requires effort to study and get certified, there is always a dearth of qualified professionals.
Courtesy: Higher Education Review
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