Hey, Ninjas, you know that for business future prediction, agriculture, and improving the quality of medicine, some companies hire Data Analysts engineers who work on the analysis of big data for a better future in the world.
In this blog, we will discuss the roles and responsibilities of Data Analyst in detail. Let’s start going!
Who is Data Analyst?
The Data Analyst serves as a gatekeeper for the organization's data, helping employees, customers, and other stakeholders to understand it and use it to make strategic business decisions. For this technical position, you must have a bachelor's or master's degree in analytics, computer modeling, science, or math.
The roles and responsibilities of data analyst are to examine data to find significant customer insights and potential uses for the information. They also inform the company's management and other stakeholders of this information.
What is the Domain of Data Analysis?
In this part of “Roles and Responsibilities of Data Analyst,” we will look at some of the domains in which Data Analytics are:-
1. Customer segmentation, Customer relationship management, and offering more customer-centric products.
2. Fraud detection.
3. Resource utilization optimization and cost reduction.
4. Reducing risks.
5. Figuring out the root causes of issues as they arise.
6. Equipment Failure Prediction.
What are the Responsibilities of Data Analyst?
Data analysts work to understand the questions the business needs to answer and ascertain whether data can provide those answers. They must be aware of the technical problems in data collection, analysis, and reporting.
Responsibilities of a data analyst include:
1. Using statistical methods to analyze data and generate reports.
2. Constructing and putting into use databases and data collection systems.
3. Collecting information from primary and secondary sources and keeping data systems up to date.
4. The process of spotting, examining, and deciphering trends or patterns in large, complex datasets.
5. Data cleaning and filtering.
6. Prioritizing business and information needs in collaboration with management.
7. Identifying and locating new opportunities for process improvement.
How to Become Data Analyst?
In this part of “Roles and Responsibilities of Data Analyst,” we will see how to become Data Analyst. Data analysts collect, purify, and research data to support business decisions. Here is one route to getting started if you're thinking about pursuing a career in this in-demand industry:
1. Obtain a basic education.
2. Develop your technical abilities.
3. Take on tasks involving actual data.
4. Compile your work into a portfolio.
5. Test out how to present your findings.
6. Find a job as an entry-level data analyst.
7. Take a look at certification or a graduate degree.
You can also consider our Data Analytics Course to give your career an edge over others.
How can Data Analysts Improve the Company and Society?
In this part of “Roles and Responsibilities of Data Analyst,” we will look at how Data Analysts can improve the company and society in the following ways:
1.Businesses that use big data and advanced analytics benefit in various ways, including cost reduction.
2. Organizations can harness their data and use big data analytics to find new opportunities.
3. It is used to increase the quality of medical care.
4. Big data can make strategies more intelligent and risk management models more effective.
What is the Salary of a Data Analyst?
The average salary of a Data Analyst based on the experience is given below:-
Years of Experience
Salary
Entry Level (>1 yrs)
₹342,363/yr
Early Career (1-4 yrs)
₹422,408/yr
Mid-Career (5-9 yrs)
₹690,734/yr
Experienced (>10 yrs)
₹942,653 to ₹1,750,000/yr
In December 2021, the US's average base pay for data analysts will be $69,517. This can change depending on your level of seniority, where you are in the US, and other elements.
Data analysts are highly in demand. According to the World Economic Forum, it has the second-fastest growing employment in the United State. The Bureau of Labor Statistics reports related professions to have extremely high growth rates.
Skills of Data Analyst
Key Skills of a Data Analyst are-
1. Preparing and Cleaning up data.
2. Examining and Analysing data.
3. Knowledge of statistics.
4. Data visualization, analysis Reports, and dashboards.
5. Solution-oriented.
Future Picture of Data Analyst
The future of data analytics in India is promising for several reasons. A career in business analytics is rewarding and provides many professional and personal growth opportunities.
Big Data, business knowledge, logical thinking, and an understanding of statistical methods are just a few of the natural abilities required to be a data analytics professional. It's also essential to have the capacity to assess business situations and come up with original solutions.
Top Companies for the Role of Data Analyst
Some companies hiring Data Analyst are:-
1. Accenture: Data analysts can earn a fortune working for Accenture, which also provides a platform and services for data analytics. It has created fresh employment prospects for data analysts.
2. TCS: One of the top technology and data analytics platforms, TCS offers a variety of jobs for data analysts. The starting salary for a data analyst is Rs. 4 lakhs per year, and the maximum annual salary is Rs. 54 lakhs. Enterprise data management, data integration, reporting, visualization, data analytics, and many other services are included in the data and analytics category.
3. Salesforce: One of the well-known data science firms with a customer relationship management focus on all types of businesses is Salesforce. The data analytics platform provides a variety of global industries with products in sales, service, marketing, commerce, analytics, and many other areas.
4. Mu Sigma: It is a well-known platform for data analytics that searches for the best data analyst jobs with competitive pay scales.
What are the major skills required to become a data analyst?
Analytical abilities and familiarity with additional data analysis frameworks and tools, such as SQL, Excel, Hive, PowerBI, Looker, Tableau, etc., are required for this position.
What distinguishes data scientists from data analysts?
The people who develop new methods for gathering and analyzing vast amounts of data are known as data scientists. Data analysts, in contrast, examine existing data to use it as a resource for solutions.
Will Data Analysts be in demand in the future?
Yes, there is a growing need for data analysts due to the increasing demand for data in our digital world.
What are the top companies for a data analyst to work with?
Many top companies for which a data analyst can work, like Salesforce, Accenture, Morgan Stanley, IBM, and many more.
What is the role of a data analyst?
Data about sales figures, market research, logistics, linguistics, or other behaviors are organized by a data analyst. They use their technical know-how to guarantee the quality and accuracy of the data.
Conclusion
Congratulations on finishing the blog! We have discussed the roles and responsibilities of Data Analyst. We further discussed the domain and skills required to become Data Analyst.
This blog has helped you enhance your knowledge of the roles and responsibilities of Data Analyst. Do not stop learning! We recommend you read some of our related roles and responsibilities of Data Analyst articles:
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