|20 K-1.5 L INR annual|
A data analysis specialist or data analyst’s job is to use that data to help companies make better business decisions. This could include figuring out mechanism to price new materials in the market, figuring out ways to reduce transport cost, find cost-cutting methods for a company, determine work force to bring out optimum productivity.
Using sophisticated analytical tools and methods, data analysis work may include projections, data visualizations and creating content. To pursue a career in this field, taking statistics and research methodology is a smart move. In addition to the core curriculum, data analysis course includes an in-depth knowledge of computer programmes like Microsoft Excel, Microsoft Access, SharePoint and SQL databases.
Industry experts believe that analytics will be a big trendsetter in 2018. Experts predict a significant increase in adoption of analytics in healthcare, application of behavioural sciences in analytics and use of unstructured and alternative sources of data such as TV analytics, speech analytics & weather analytics.
In fact, if you are looking forward to switching from an IT profile to a business profile then pursuing a career as a data analyst will be a bright option for you. With potential coding and IT skills, you will have a good scope of shining in this field. However, non-IT students can also pursue this career.
Data Analysis majorly plays around with figures and evaluates business patterns that help the organisation in expanding its revenue. The profile requires rigorous market research and logistic analysis. Data Analysts are often asked to participate in strategy planning activities as well.
Since Data Analytics or Data Science is an advanced field of information technology and management, the best diploma and certifications are available at post-graduation level. The main eligibility criteria that a data analysis aspirant needs to fulfill include:
Data Analysis requires a good amount of knowledge and experience in the field of data mining, hence, you will also be required to have 3 to 4 years of work experience for some of the above courses (especially Executive courses).
Business Information Systems
Data Analysis is an extensive study that requires technical expertise as well as a strong business sense. A broad course content structure for Data Analysis includes:
Big Data Modeling & Management Systems
Big Data Integration & Processing
Regression & Analysis of Variance
Machine Learning with Big Data
Regression & Classification Techniques
Graph Analytics for Big Data
Challenges for Big Data Analytics
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Data Analyst is a business research profile where you are responsible for analysing data and helping the company take important business decisions. Since the role is so central to business development, most of the firms require a data analyst and job opportunities are very bright.
If you want to make a major leap in your career and get an exponential increase in salary, then an executive programme or certification from one of the top B-schools is the best option for you.
The broad fields where Data Analysis is extensively used include:
|Higher Education||Finance||Business Intelligence|
After successful completion of a Data Analysis course, the key responsibilities of a Data Analyst include:
After having pursued a certification or PG diploma in data analysis, you can expect your salary to start from Rs. 10 lakh per annum. Salary varies from city to city, for example, the starting salary in Mumbai will be around Rs. 12.19 lakh per annum. Whereas, the starting salaries in Delhi and Bangalore will vary between Rs. 10 and Rs. 10.5 lakh.
Salaries increase with experience and an individual working in this field for 10 to 12 years is expected to earn up to Rs. 25 lakh per annum. For other PGDM and management programmes check collegedekho.com. Specializations in SAS, Data Modeling, R, and Big Data at a senior level can also increase your chances of growth in the Data Mining & Data Analytics industry.
Aureus Analytics, a Customer Intelligence and Experience Company predict prospects of data and its implementation to grow 50 times by 2020. They further go on to say that currently, India faces a deficit of talent pool that has the ability to analyze this huge data pool, thereby creating a skill gap in the industry. So interested students stand a fair chance of an excellent growth in a career in Data Analytics.
With a data analysis degree in hand, aspirants can work in the following capacity:
|Wunderman Inc.||GlobalLogic||WNS Global Services|
|Zyme Solutions||Accenture||LatenetView Analytics|
|HCL Technologies Ltd||IMS Health Inc||EY|
|TCS||IBM Global Services||eClerx|
|Genpact||Automatic Data Processing||HSBC|
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Following are some of the top colleges offering Information Technology courses : DAV College (Chandigarh) , Haryana College of Technology and Management (Kaithal) , Birla Institute of Technology (Ranchi) , Department of Management Studies, Pondicherry University (Puducherry) , Loyola College (Chennai). You can explore these colleges on our website to check if they offer Data Management/ Data Analysis or not.
The average fee for Data Management/ Data Analysis is INR 60, 000 per year.
Data Management/ Data Analysis is a 1 year course.
Get details of best colleges for Data Management/ Data Analysis.