Data Management/ Data Analysis (Data Analysis)

About Data Management/ Data Analysis

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.

Data Management/ Data Analysis Eligibility Criteria

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:

• Graduation with at least 60% marks (preferably in the IT, statistics field)
• Students with degrees in fields like Maths, Statistics, Computer Science are better suited
• Some colleges prefer aspirants with at least 2 years of work experience

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).

Data Analysis Skills 

• In order to become a Data Analyst, it is essential to have good analytical, statistical and problem-solving skills.
• Since the profile requires rigorous research and pattern evaluation, you must also have a decent understanding of coding.
• Data visualization and communication skills are also essential in order to perform well in the market.
• Decision-making is another important skill that you are required to have in order to pursue a career as a Data Analyst.
• Critical thinking & attention to detail

Disciplines to pursue Data Analysis course:

Admission Process for Data Analysis course:

• You will need to log in to the official website of the college you are targetting to study a data analysis or data management course
• Register, fill-up, Pay and submit the application form for Data Analysis course
• Furnish your academic qualifications proof & work experience proof
• Some colleges may as for a valid MBA exam score like CAT, XAT, GMAT etc.
• Some colleges may conduct a Group Discussion (GD) & Personal Interview (PI) process 

Data Management/ Data Analysis Syllabus

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:

Data Management/ Data Analysis Career Options and Job Prospects

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:

After successful completion of a Data Analysis course, the key responsibilities of a Data Analyst include:

• Develop records management processes and policies
• Conceptualize & maintain automated data process
• Identify, assess and implement external services and tools to support data validation
• Monitor and audit data quality
• Collate and document detailed business requirements using appropriate tools and techniques
• Design and conduct surveys and analyze survey data
• Create data dashboards, graphs and visualizations
• Conduct sector and competitor benchmarking
• Mine and analyze large datasets, draw valid inferences and present them successfully to management using a reporting tool

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:

• Data Analyst
• Operations Manager
• (Senior) Business Analyst, IT
• Project Manager, IT
• Vice-President, Operations
• Business Consultant
• Analytics Manager

Popular employers in Data Analytics in India include: