This post contain reasons why Analytics Skills are Highly Sought After! What does this mean? Data Analytics involves processing structured and unstructured Data sets to squeeze out interesting insights that helps immensely in decision making and planning for any institution.
What does a data analyst do?
First, you may want to consider a career as a data analyst! Whether it be market research, sales figures, logistics, or transportation costs, every business collects data. Data analysts translate numbers and data into plain English in order to help organizations and companies understand how to make better business decisions.
As a matter of fact, this field of study is responsible for generating huge number of employments that pay high wages and offer a very lucrative tech career. In the US, it has already turned out to be in high demand for talented candidates. You can Check out the Top Paying Certifications in High Demand. However, if you are still wondering about the reasons of the upsurge of demand, then here are some to take home:
Data Analytics is imperative for organizations
Whatever kind of business you are into; be it a startup or already existing business organisations or non-profit institutions, no one can ignore the power of Information and Data. Generally, you will agree that it is an important resource, especially in a digital economy when the value of Data is unrivalled. Data acquired from a variety of sources can reveal many secrets while providing important insights which when utilized efficiently can add significant value. Meanwhile, read about How you can protect your Data.
Every company is at risked of being compromised because of data. That is why an increasing number of companies today are implementing Data driven strategies to stay protected. A lot more is looking to stay ahead in competition and more importantly to stay relevant in the era of big data and digitalisation in general!
The in-demand for Data Analysts is huge!
The more potential of Data is getting recognized in the tech world, more and more organizations are moving forward to adopt Data driven business strategies. More so, the true potential of Data can only be unveiled with the sole help of trained & highly skilled Data Analysts.
Now the question is; why is it so? It is so because Data analysts makes use of their advanced training skills in statistics. They also combine computer science and mathematics to process enormous Data sets. In the light of this, solving difficult, complicated problems and accurately predicting outcomes requires the expertise of a Data analyst. Therefore, Data Analysts form the core of any company’s Data driven strategy!
This is the main reason why ‘business enterprises, financial banking institutions and research facilities among others have adopted Data Analytics and are in constant search of skilled Analysts.’ This is to say that the in-demand of Data Analytics Skills is significantly high when compared to any other job profile.
The demand is especially high in United States:
We all know that Digital transformation is currently sweeping through the whole world and Data driven solutions are increasingly getting accepted by every sector. Given the constant push for digitalization and modern technologies by the councils and governing bodies, Data Analytics is the most in-demand skill in United States, Europe and Asia. A lot of countries in Africa are picking up the pace in data analytics. On the other hand, there is still an acute talent gap for which the demand is going even higher in different countries!
A recent report seen online as explained by Zinnov and Nasscom claims that by 2021 as many as 2,30,000 jobs will be generated in Analytics and associated technologies! Going by the current trend, only 90,000 of those jobs will be fulfilled while leaving behind 1,40,000 vacant jobs in US, Australia, Nigeria, India, China and Canada!
Data Analytics offers a future-proof career!
There is a general concern about digitalization and automation which has been the fact that it is going to take away many jobs. for example; Robotic Artificial Intelligence is taking more Jobs from Human’s Career. Just as organisations are going to opt-in for cost-effective and time-saving operations, a good number of tech professionals in multiple fields will lose relevance. Conversely, this is matter of great concern for a lot of IT groups as many fears for job layoffs and downsizing.
However, newbies, freshers starting their career in Data Analytics or already employed individuals up-skilling with in-demand Analytics skills from approved Analytics training institutes has nothing to worry about. This is because, Data Analytics is not going to lose relevance at all even in the distant future. This is because it plays a crucial role in automation and other modern digital technologies!
Even in United States when economic growth is slowing down, the Analytics industry is going strong and the demand for Analysts has not gone down either!
Data Analytics jobs are Great – Salary and Growth wise!
Everyone is looking to make money. To this aim, you need to earn high. Thats the main aim for choosing a good skill; so you can earn more. That being said, the salary aspect of the job of an analyst is not only good but also incomparable. keep in mind that some other job profiles may offer such huge pay-packages. But bear in mind that even freshers in Data Analytics can earn significantly high wages.
Let’s take a look at some examples Data Analytics Skills jobs Salaries:
At an average a Data analyst generally earn $5 per hour, that is about $365,750 per year if you work for 10hrs per working day! (PayScale.com). Take a look at these salaries per country.
- The average salary for a Data Analyst is $75,416 per year in United States.
- Also, the average salary for a Data Analyst in United Kingdom is £27,352
- The average salary for a Data Analyst in Australia is AU$72,004
- According to Glassdoor, the average base pay of a Business Analyst in India is Rs6,50,000 and an experienced analyst can earn up to Rs1200K per year!
- The average salary of entry-level Data Analyst salary in India is ₹325,616. The salary of a mid-level Data Analyst salary in India is ₹635,379. The average salary of an experienced Data Analyst salary in India is ₹852,516.
- In Australia, Health System Support Group Data Analyst 6 salaries gets $98,958 per year. Correlate Resources Data Analyst 5 salaries gets $93,881 per year
- Australian Government Bureau of Meteorology Data Analyst gets up to $104,232 per year.
- The average net salary for Data Analyst in Nigeria is ₦138,000 to ₦176,000.
- In China, an early career Data Analyst with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of ¥190,000 based on 13 salaries. A mid-career Data Analyst with 5-9 years of experience earns an average total compensation of ¥149,000 based on 2 salaries.
Looking at the Growth aspect, the prospect of a career in Data Analytics is really big too. By acquiring Analytics training you can find job opportunities in every possible sector and from start-ups to industry biggies will employ you. Given the scarcity for Data Analysts you can expect a continuous growth in any job you find!
Topics related to Why Analytics Skills are Highly Sought After!
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In Conclusion
From the look of things, there is no doubt that a career in analytics offers great opportunities. However, you must pay attention to the skills you earn and gain proficiency in advanced analytics tools quickly. A fine business acumen will add an extra advantage to your CV. Do not forget that the data analyst serves as a gatekeeper for an organization’s data so stakeholders can understand data and use it to make strategic business decisions. It is a technical role that requires an undergraduate degree or master’s degree in analytics, computer modelling, science, or mathematics. Thus, go for a course where you will be trained in top analytics software platforms and which impart practical business knowledge at the same time!
