As India gears up to embrace the fourth industrial revolution or IR 4.0, it is extremely important to understand the relevant skills which will land you on big jobs. The fourth industrial revolution is all about automation and data exchange. Machines are growing smarter and increasingly replacing mundane jobs previously undertaken by humans. Thus, industries across the world are investing on such smarter technologies, as a result of which nature of jobs for humans have also changed. Among the most in-demand skills are data Analytics as it plays a crucial role in the age of Internet of Things and Big data!
Why are data analytics skills in demand?
Data is a commodity of significant value in a digital economy. Advances in the field of digital technology has given rise to a number of tools and techniques which when applied to a set of data, can reveal interesting insights and accurate information.
For instance, a company ‘A’ needs to know about the effectiveness of their advertisement campaign. Such a question poses complicated problems and is almost impossible to answer accurately if traditional manual approaches are made.
However, if data is available, then a data analyst can apply advanced analytical skills by which accurate information can sought. Applying data analytics to such a problem will not only reveal how effective was the entire campaign but also crucial information about the things which went wrong and areas where much improvement can be made!
Thus, business institutions are readily adopting data analytics and hiring data analysts or business analysts!
Situation in India
Incidentally the demand for data analysts and business analysts are significantly high in India given the lack of talents and increasing digital transformation. According to a report by Nasscom, by 2021 India will require more than 2.3lakhs data professionals and much of which is going to lie vacant because of the lack of skilled professionals in India!
Another report suggested that as many as 97,000 data jobs in India had no takers in India!
What are the in-demand business analytics tools?
To land on a good analytics jobs you will need to be proficient in some dedicated analytics tools and must be aware of some other. For instance:
- Knowledge of a statistical language like R
Business analytics involves statistical computations at an advanced level. R is the go to statistical programming language for most of the data analysts in the world. Although tricky to learn, R offers a number of advantages and is crucial in working with enormous data sets to perform data munging, data wrangling and data manipulations. It also has a number of dedicated libraries for easy to use data visualization which is another important skill for a business analyst. A business analytics course with specialization in R is much beneficial and you should target such a course in India in order to build a successful career in data analytics in India.
- Database languages like SQL and NoSQL
Data analysts are required to work with relational databases and SQL is the industry standard as a database programming language. Knowledge of SQL is necessary because most of the database management systems are integrated with SQL.
SQL versions like MySQL, SQLite and Firebird are very popular because of the range of advantages they offer. Most of the job postings mention SQL as it offers very quick access to important information.
NoSQL or not only SQL takes another approach in handling big data and can be an added advantage to you.
- SAS and Tableau
SAS is one of the most reliable business analytics software available today. Used by most of the fortune 100 it is one of the most popular analytics tools in the world.
SAS utilizes its own programming language and is fairly simple to use. It offers a range of statistical libraries, data scientists can easily use it for tasks like data modelling, data organizing and analysis. It also has capability to handle big data and can be used efficiently for big data analytics.
Tableau on the other hand has a great demand as a data visualization software.
and Tableau offers a range of charts, graphs and histograms to efficiently and quickly visualize data. Thus, Tableau skills are extremely important for data professionals who has to deal with data visualization a lot.
You must go for a business analytics course which offers to train you on such in-demand tools, programming languages and software suits. A career in data analytics offers so many advantages which you can grab but acquiring the most relevant skills is the key!