Reasons to Jump into Data Analytics Career
Data is pervasive and is steadily infiltrating every aspect of our lives and work. Many people believe that individuals who can communicate with data will have a bright future. The Data Analytics Online Certification in Dubai will help you in learning the analytical skills and have hands-on experience.
A data analyst is in the front of the data revolution, serving as the gatekeeper for the information gathered by an organization. To make sense of statistics, they filter and filter through massive data sets. Organizations of all sizes, from multinational banks to local startups, are employing data analysts. According to IDC, big data will rise 60 times in India in the next ten years.
Here are five reasons why you should consider entering the world of analytics:
1. Career Advancement Opportunities Abound
Data scientists are in high demand all across the world. You may work in a variety of domains, and due to a scarcity of analytical talent, you may fast advance your career as you gain expertise. As a result, it is also simpler to transition into a strategy-related function more rapidly.
2. IT Wages Are Greater than Data Scientist Wages
Data Scientist wages are 15 percent more than IT salary, believe it or not. They’ve grown by 300 percent in the previous 10 years, and this trend is only anticipated to continue as the data business develops and new ways of collecting, storing, and using data emerge. Big data practitioners and data scientists, according to an information week poll, are two new categories that, though their job definitions aren’t always clear, are at the top of the wage range.
According to research, the typical staff compensation for data scientists in the United States is $120,000, while the median pay for BI/analytics is $87,000, $90,000 for big data, and $100,000 for data integrating/warehousing.
The average analytics pay in India is 11.1 lakhs per year, according to Jigsaw’s 2014 Analytics Salary Report. SAS, R, and Hadoop-skilled individuals get a ten-to-twenty percent higher compensation, average around 11.6 lakhs per year.
3. Hundreds of open data positions are waiting to be filled
The need for analytical skills is greater than it has ever been. By 2018, it was predicted that there will be a 50-60% shortage of data geeks. More than 1.5 million managers and analysts will be required to comprehend and make choices based on big data. In the next three years, 200,000 new data-related occupations would be created in India.
According to statistica.com, demand for qualified employees would reach roughly 440,000 by 2018, while supply would be restricted to just 300,000 people. What happens if you’re in high demand? You earn more money, get greater benefits, and have a fantastic career path. And you have read above about the pay rates in the data industry.
4. Today, data is the most precious commodity for every business
According to IDC, we have created around 40 zettabytes (ZB) of data by 2020. Every industry and sector has recognized the value of structured and unstructured data, and they expect to implement big data efforts this year if they haven’t already. According to IDC, enterprises have spent $16.9 billion on Big Data in 2015. In the next ten years, India’s industry is expected to rise 60 times.
Most firms will adopt Big Data Analytics as a key business practice, and they will utilize it to get a fundamentally new understanding of their business and consumers. It is often assumed that without the assistance of data-driven insights, businesses will lose their competitive advantage.
We even go so far as to forecast that, with data expanding at such a rapid pace and gaining such value in a company, every function will eventually require some type of data analysis, and that those without data analysis capabilities would see minimal to no growth.
5. With a demanding and engaging work environment, you’ll have a great work-life balance
A Glassdoor research found that data scientists have the best work-life balance. On a scale of one to five, it earned a 4.4. Furthermore, as a data scientist, you will be “part analyst, part artist.” Each project will be unique. You’ll examine a wide range of data and come up with creative approaches to extract insights, which you’ll then display in aesthetically appealing ways.
Conclusion
The year 2021 is the greatest time to start a data analytics job because individuals who can transform data into insight will be the ones who will rule the future. Data is becoming a crucial driver of competitive advantage for businesses all around the world. Jobs in this field will be challenging, diverse, and rewarding.
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