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. The field is responsible for generating massive number of jobs that pay well and offer a very lucrative career. In India it is already turning out to be highly sought after by talented candidates and if you are wondering about the reasons then here are some:
- Data Analytics is imperative for organizations!
Be it business organizations or non-profit institutions, no one can ignore the power of Data. It is a precious resource and especially in a digital economy 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.
An increasing number of organizations today are implementing Data driven strategies to stay ahead in competition and more importantly to stay relevant in the age of digitalization!
- The demand for Data Analysts is huge!
As the potential of Data is getting recognized, more and more companies are coming forward to adopt Data driven business strategies. However, the true potential of Data can only be unlocked with the help of highly skilled Data Analysts.A Data analyst uses his or her advanced skills in statistics, mathematics and computer science to process enormous Data sets. Solving complicated problems and accurately predicting outcomes requires the expertise of a Data analyst. Thus, Data Analysts form the core of any organization’s Data driven strategy!
This is why business enterprises, banking institutions and research facilities among others have adopted Data Analytics and are in constant search of skilled Analysts. The demand is significantly high compared to any other job profile.
The demand is especially high in India:
Digital transformation is sweeping through the entire country and Data driven solutions are increasingly getting accepted. Given the constant push for digitalization and modern technologies by the govt., Data Analytics is the most in-demand skill in India. However, there exists an acute talent gap in India for which the demand is going even higher!
A recent report by Nasscom and Zinnov 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 India!
- Data Analytics offers a future-proof career!
A general concern about digitalization and automation has been the fact that it is going to take away many jobs. As companies are bound to opt for cost-effective and time-saving operations, a number of professionals in multiple fields will lose relevance. This is matter of great concern for many as many fears for layoffs and downsizing.
However, freshers starting their career in Data Analytics or already employed individuals upskilling with in-demand Analytics skills from Analytics training institutes has nothing to fear. Data Analytics is not going to lose relevance even in the distant future because it plays a crucial role in automation and other modern digital technologies!
Even in India 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 wise and growth wise!
The salary aspect of the job of an analyst is not only good but also incomparable. Few other job profiles offer such huge pay-packages and even freshers in Data Analytics can earn significantly high.
Let’s take a look at some examples-
At an average a Data analyst in India earn Rs 239.29 per hour, that is Rs 4,07,601 per year! (PayScale)
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!
Growth wise the prospect of a career in Data Analytics is huge too. By acquiring Analytics training you can find job opportunities in every possible sector and from start-ups to industry biggies will hire you. Given the scarcity for Data Analysts you can expect a continuous growth in any job you find!
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. 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!