Why Analytics Skills are in High Demand in India, UK, USA

By
Martins Chima
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Why the skills of analytics are strongly sought after in Australia, Canada, United States, Russia, and all European countries! Data Analytics requires the collection of organised and unstructured data sets to squeeze out interesting perspectives that add enormously to every institution’s decision making and preparation.

Updates: Why Data Analytics Skills is In-Demand: Salary Quotes

The sector is responsible for providing a large amount of positions that pay well and have a very lucrative career. It is now highly sought after by talented candidates in India, and if you wonder about the reasons, here are some:

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For organisations, data analytics is imperative!

No one should disregard the influence of results, whether it be corporate organisations or non-profit entities. It is a precious resource and the importance of data is unrivalled, particularly in a digital economy.

Data obtained from a number of sources can expose several secrets while offering valuable information that can add tremendous value when used effectively.

Data-driven initiatives are being adopted by a growing number of companies today to keep ahead of competition and, most specifically, to remain effective in the period of digitalisation!

The market is massive for data analysts!

As the potential of data is being recognised, more and more enterprises are coming forwards to follow market models powered by data. However, with the aid of extremely trained data analysts, the full potential of data can only be unlocked.

A data analyst uses his or her specialised computational, analytical and computer science abilities to analyse massive data sets. It takes the skills of a data scientist to solve complex issues and correctly forecast results. Thus, data analysts form the centre of the data-driven approach of every enterprise! Meanwhile, look at the Five Misunderstandings of Big Data Analytics.

This is why, among other aspects, corporate organisations, financial institutions and research facilities have embraced data analytics and are actively searching for trained analysts. In contrast to every other work profile, the market is substantially strong.

In India, the demand is particularly high:

Digital transformation is sweeping through the entire nation and technologies powered by data are being rapidly embraced. Data Analytics is the most in-demand expertise in India, considering the relentless drive for digitalisation and new technology by the government. There is, however, an acute talent shortage in India, for which demand is much greater!

A recent study by Nasscom and Zinnov claims that as many as 2,30,000 jobs in analytics and related technology will be created by 2021! Just 90,000 of those jobs will be completed, reflecting the latest trend, thus leaving behind 1,40,000 vacant jobs in India!

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Data Analytics offers a career that is future-proof!

The idea that it would take away many workers has become a general worry about digitalisation and automation. As enterprises are bound to opt for cost-effective and time-saving practises, there would be a lack of relevance for a number of practitioners in many sectors. This is a topic of considerable importance with as many layoffs and downsizing issues as possible.

Nevertheless, beginners beginning their career in Data Analytics or already working people with in-demand analytics expertise from analytics training institutes have little to think about.

Even in the near future, data analytics will not lose importance, because it plays a key role in robotics and other new emerging technology!

The analytics market is going high even in India where economic growth is slowing down, and the demand for analysts has not decreased either!

Jobs in Data Analytics are great-wage-wise and growth-wise!

Not only is the compensation element of an analyst’s work good, but also incomparable. Few other career profiles offer such massive salary packets, and even Data Analytics freshers will gain considerably higher. On the other hand, you can review the Big Data Basic Terms You Should Know in the Era of Big Data Analytics.

Let’s look at some cases here—

A data analyst in India receives Rs 239.29 per hour on average, which is Rs 4,07,601 a year! (Through PayScale).

The average base salary of a Market Analyst in India is Rs6,50,000, according to Glassdoor, and an accomplished analyst will earn up to Rs1200K per year!

In terms of advancement, the promise of a career in Data Analytics is also big. You will find career openings in any possible sector by gaining analytics training and you can be hired from start-ups to industry biggies. You should expect constant growth in whatever work you find, considering the lack of data analysts!

In Conclusion

Why Analytics Skills are Highly Sought After! There is no question that fantastic opportunities are provided by a career in analytics. You must, however, pay attention to the skills you earn and rapidly develop proficiency in advanced analytics techniques. Your CV would have an added benefit from a fine market acumen. Thus, go for a course where you can be educated in top information analytics platforms and at the same time impart realistic business knowledge! Analytics Skills. Common Mix-Ups Regarding Big Data & Analytics Tool.

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