Data is said to be one of the most important resources in today’s world. Some also call data the king. Because everything depends on data in this virtual world. All the information we store on these digital devices of ours is data. Today, the more data a company has, the stronger and wealthier the company is.
For example, one of the main reasons why Facebook is such a powerful and wealthy company is because of their massive user base of around 2.9 billion users, all of whom have their data with Facebook. They have used this data to make Facebook the biggest online business platform in the world as well as social media. Moreover, there are serious allegations of illegal sale of user data in their name. Although it is now common for organizations to sell their data to various companies in the hope of additional profits.
Facebook currently has 18 data centers covering around 40 million square feet of space for which they have invested around $20 billion. Which shows how much big companies are currently investing in data collection.
What is data analytics?
Data analytics is the process of examining, transforming and modeling data by collecting data or analyzing it to discover useful information and make decisions. You can apply data analysis in many ways like: business, science, healthcare and many more.
Growing demand for data analysts
Data has become one of the most important assets in this age of technology, most organizations are now dependent on data. For which the importance of data analysts is increasing day by day in companies. Those involved in this type of work can collect data and analyze it to provide a lot of important business information so that the organization can use that information to reach out to their target customers. Moreover, all companies now need data analysts to analyze their competitors’ data so that they can use their competitors’ data to improve their business. Hence the job demand of Data Analysts is increasing at an increasing rate in all types of companies today.
Skills required to be a data analytics expert:
If you want to develop yourself as a data analyst, there are certain skills you will need. You will know those skills now.
Analytical skills: To be an analyst one must have the skills to analyze the facts contained in the data.
Statistical skills: Along with understanding data, understanding statistics is very important for making sound decisions from it.
Programming Skills: Proficiency in programming languages like Python is very useful for data manipulation and data analysis.
Data visualization: Data analysts must have skills in using visualization tools that are effective for data analysis.
Communication Skills: Being a data analyst requires you to communicate well with the people for whom you will analyze the data so that you can explain your points well to them. Only if you can acquire these kinds of skills will you be ready to become a data analyst.
Education and Training of Data Analysts:
There are several paths to entry into data analysis. Some people enter the data analysis department by studying different subjects and some people come to this sector from different programs in data analysis. Such programs typically teach subjects such as data mining, machine learning, and data management. Through which this related education and training can be taken.
Various roles in this sector:
Data analytics has a variety of responsibilities, with data analysts, data scientists, and others having several roles within the domain. Each has different responsibilities, with data scientists focusing more on advanced modeling and machine learning while data analysts look after day-to-day data tasks.
Tools and Technologies:
Data analysts rely on different types of tools or different technologies to analyze data. Some of the popular tools are:
Excel
SQL
Painting
Jupyter
It is important to know the working of these tools to perform data analysis well.
Importance of data in various industries:
Data is a very necessary and increasingly essential thing for any industry these days. For example: in healthcare to improve patient care, in e-commerce to increase business sales and to collect and analyze customer data, in the financial sector to reduce fraud and risk, there is no substitute for data analysis. With which these sectors can develop their business or services.
Challenges of this job:
Data analytics is a challenging sector. Its challenge is to deal with huge datasets. Security and privacy of data is certainly a very challenging issue. Moreover, it is challenging to keep up with the ever-changing technology.
Careers in Data Analytics:
Today’s main topic of discussion was careers in data analysis. In fact, if you want to make a career in data analysis, it is a very good decision for your career. Because government agencies, consulting firms and research institutes, business organizations almost all have data analysis jobs which can be enough to build a career. Moreover you can work as a freelancer on freelancing marketplaces like fiverr, Upwork.
Currently around 80% of companies in the world are currently investing in data analytics departments. Data analytics job opportunities are projected to grow by 31% within 30 years. And so it can be said that data analysis as a career is a very good and demanding sector and so keeping the present and future in mind data analysis can be a very good career.
The Future of Data Analytics:
From the previous discussions it can be said that the future of data analytics is very bright. As technology advances so does the demand for data analysis. Sectors such as artificial intelligence and machine learning have increased the importance of data analytics.
Some tips for building a successful career in this sector:
Keep learning and keep up with new technologies and techniques.
Follow the experts of this sector to know all the updated issues of this sector.
Work directly on projects to build a professional portfolio.
Earn certificates to prove you’re proficient.
So finally, it goes without saying that data analytics is a very viable sector to advance your career in the future. By keeping in mind the needs of this sector or looking at the statistics, anyone can understand about its needs. So if you have a keen interest in this sector and a mindset to learn with patience then it’s only a matter of time for you to make a career in this sector and so I feel free to say that you should go ahead with this sector.
