Lakhs of people lost their jobs and their sources of income during COVID-19. Many companies lost their projects too and chose to lay off their employees. For finding a balance between the crisis and positioning to overcome tremendous loss happening. Even some of you have been into this, lost your job, and your interviews are on. You managed to get a job, but you’re not happy with it. You look for a change, and your friend suggests data analytics.
If you have not found any related blogs for it, here are the details about data analytics and why you should consider building your career.
What is Data Analytics?
Data analytics is the process of collecting, discovering, analyzing, and cleaning datasets to make effective data-driven decisions and strategies to solve business problems and maximize the business value and profits. There are multiple tools available for doing the same and honing your data science skills. All you need to do is develop the right mindsets, work on your weaker zones, spend more time on industrial use cases, and gain more experience with time.
Scope for Data Analytics In 2021 And Beyond
Data analytics is the next big thing in the market, and the position lower to data scientists. You can become one with experience and domain knowledge and the required skills to become one of it.
Thus, if you are thinking about building your data analytics career: it is the best time to invest your time and money into it and become a successful data analyst and take your profession to the next level in the data-driven industry.
Let’s find some of the future scopes of data analytics in 2021 and beyond on this note.
Career Scope: What Data Analytics Future Says About It
The career is bright in data analytics, and even it opens new doors and opportunities when you have the right skills and experience. According to the recent report, companies are already planning to invest hugely in data, which will expand into 50 folds in the next five years. It will lead to new job opportunities for fresher and experienced professionals in various sectors such as policymaking, banking, healthcare industries, fraud detections, e-commerce industries, and much more.
The companies like Deloitte, IBM, TCS, JP Morgan, Accenture, Flipkart, Amazon will spend large sums of money on it, creating a new revolution in the next five years. Are you ready to take this challenge?
Salary scope: The Current Scenario
Just like its demand in the market, the PayScale is sky-high. And that’s one reason why people love to get into data science for building their careers. The average salary of a data analyst starts from ten lakhs per annum and goes up with experience. Even it provides the best job security in the market. Today, data analytics has become the massive career option in India, who have just begun with their career. Therefore, the demand for data analysts is the highest in the market.
Future Trends in Data Analytics
Analytics helps to predict the hidden potential and new ways to take the company’s name to the next level and ahead in the competition. By 2023 companies will voice-over their needs, and analytics will play a crucial role in understanding those data and making effective decisions using structured and unstructured data.
As Python and R are open sources and pillars of data analysts, open source will regain its momentum. And tableau will be an extra cushion to understand over confusing data visually with more updates.
Now that you read and know about data analytics, how it’s transforming in 2021 and beyond. With things like Machine learning and Artificial Intelligence, data quality management, and more, the field of data analytics feels more robust than ever before. And as companies continue to grow and collect customer data, we’re also going to see a much greater emphasis on data analytics.
Author Bio- Palak Airon
Data Scientist personnel with over 8 years of professional experience in the IT industry. Competent in Data Science and Digital Marketing. Expertise in professionally researched technical Content Writing.