With more and more data being available in digital format, there is a need for faster and optimized ways of handling and processing data. There is a limited, structured, and well planned out path, which a person can follow to become a data analyst. It is one of the most growing industries in the next time.
What exactly do the data analysts do?
The work of a data analyst is to analyze, forecast, spot trends from a heap of information available digitally. They are required to extract information from mountains of data, which helps the employees to make better decisions. Data analysts are also known as information scientists. Most of them work with IT teams, management departments, etc. to calculate all the possible risks, profits, losses, etc. the company makes. They mine and clean data from both primary and secondary sources and then interpret using special tools, they pinpoint co-relations, patterns, and trends in the data set and then find and suggest some improvement measures by preparing reports.
What are the skills required to become a Data Analyst?
Below mentioned are few skills needed to become a data analyst:
- Problem-solving skills.
- Strong and effective verbal communication skills.
- Few programming languages like Python, Oracle, and SQL.
- Data Mining and Data cleaning.
- A proper grasp on Machine Learning
- Creative and Analytical thinking
- Data visualization
- Data Warehousing
- Team working skills.
- The ability to analyze, model and interpret data
- High-level mathematical knowledge
- Database querying languages.
What kind of sectors can a Data Analyst work in?
There are various sectors in which a data analyst can engage. Some of them are Banks, Consultancies, Social media specialists, colleges and universities, software development companies, pharmaceutical companies, manufacturing industries, processing industries, Telecommunications companies, public sector organizations, etc.
What are the institutions providing courses in Data Analysis?
The top institutions providing a full-time data analysis course are mentioned below:
Post-graduate diploma in Business Analytics, jointly offered by ISI Kolkata, IIM Calcutta, IIT Kharagpur
Duration of course: 24 months, divided as 18 months of classroom education and six months of internship.
Course fee: 20 Lakhs.
PGDM(Big Data Analytics) by Goa Institute of Management
Duration of course: 2 years
Course fee:15.5 Lakhs.
MBA(Data Analytics and Data Sciences) by Symbiosis Centre of Information Technology
Duration of course: 2 years
Course fee: 10.8 Lakhs.
Graduate Certificate Program in Big data and Visual Analytics by SO Jain School of Global Management
Duration of course: 2years
Course fee: 5.0 Lakhs.
Various other institutions like BSE Mumbai, CDAC Pune, MIT – WPU Pune, etc. also provide a part-time data analytics course and full-time courses.
What is the average salary of a Data Analyst?
Data Analytics is a department that is set for exponential growth in the coming time. Because the demand is so strong and the supply of people who can genuinely get the required results is so limited, data analysts command huge salaries, excellent benefits, and pay, even as a beginner.
The average salary for an entry-level analyst: 4LPA
The average salary for an experienced analyst:7LPA