Ways to Leverage a Data Analytics Program to Gain a competitive edge in the Industry
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| How to Leverage a Data Analytics for a Competitive Advantage |
Technology and Data are constantly evolving in today’s digitally driven world. Organisations increasingly rely on data analytics to get powerful, actionable insights into their target market and boost their business. It enables sound decision-making for management leaders and has become essential for companies across all industries.
Organisations need help managing day-to-day operations and building a robust focus on data analysis and reporting. Hence, skilled data analytics professionals are highly sought after to help businesses with data analysis and achieve their objectives. Top IT giants prefer hiring certified data analytics professionals with the required skills and knowledge to dive deep into huge chunks of data and extract useful information from it.
The average salary for a data analyst is Rs.4 lakhs, which goes up to Rs. 12 lakhs for an analytics specialist. If you are skeptical about upskilling, understand that it is an ideal time to enter the data analytics profession. A Certified Data analytics program can help you kickstart your career and open doors to numerous growth opportunities across multiple industries. Let’s examine what data analytics is, how relevant data analysis courses can give you a competitive edge in your career, and the benefits of data analytics for positive business outcomes.
What is a Data Analytics Program?
Data analytics involves collecting, interpreting, transforming, and organising large data sets to conclude, make accurate predictions, and make informed decisions. A data analytics course equips you with the knowledge and skills required to be a successful data analytics professional. It teaches you the nuances like a wide range of analytics techniques to draw insights from data sets using various tools. Specific courses also allow you to work on industry-relevant capstone projects that help to refine further your skills learned from the course material.
How can a Data Analytics Program give a competitive edge?
In the past, business decisions were often based on gut and past experiences. However, with the proliferation of digital technologies, there is a gradual shift towards data-driven decision-making. Being equipped with data analytics skills and knowledge of how they can be leveraged to boost an organisation’s growth can give you a sharp winning edge in today’s competitive job environment.
When pursuing the course from a reputed educational platform, you can gain the following benefits of data analytics.
1. Enhanced decision making
While relying on gut feelings may have provided the results in the past, it cannot be implemented in today's rapidly evolving world. Moreover, a blend of data-driven insights and wisdom from experience can help organisations make effective business decisions. Relying on insights gained from data eliminates biases and blind judgments, thus allowing you to identify the patterns and opportunities that otherwise would not be perceived.
2. Increased efficiency
When you implement data analysis strategies in your work, your efficiency reaches new heights. Whenever you encounter a problem, you look into data to get robust solutions. This approach helps to identify the inefficiencies in workflow methods and business processes, thus resulting in increased efficiency on an individual and organisational level.
3. Work opportunities across industries
Data analytics is expanding its footprint in companies of different sizes, ranging from start-ups to established corporates. Professionals beginning their analytics careers can gain plenty of work opportunities in various organisations willing to tap into the power of data to drive business growth.
4. Bridge the talent-skill gap
Organisations find it challenging to fill data analytics positions with professionals with fair data analytics skills. The industry has a widening skill gap, and the demand for proficient data analytics professionals is rising. This is where a data analytics program plays a significant role. These courses help students develop data-driven decision-making capabilities backed by insightful facts and statistics. Besides, it also trains them in creating automation-based strategies that help improve business operations.
5. Be a part of an evolving career field
Another significant addition to the benefits of Data analytics is that it provides lucrative career choices, high pay scales, and various employment categories. Professionals in data analytics programs learn to balance and refine their managerial and analytical skills. Organisations are quickly jumping on the bandwagon to leverage the power of data for their business expansion. This surging demand is making data analytics a popular career choice. Certified professionals will gain a competitive advantage over non-certified peers if they enter this promising field at the ideal time.
Data Analytics skills
Professionals who want to create a successful career in this profession should have the following data analytics skills. Also, these skills can be cultivated through numerous ways, the most prominent being taking a data analytics program.
- SQL
- Machine Learning
- Tools like Python or R Programming
- Probability and Statistics
- Data Visualisation
- Data Management
- Problem Solving and Critical Thinking
- Strong communication
A certain degree of technical prowess is needed to start your career. However, following a structured approach to cultivate the skills mentioned above can help you build the foundation for a long-term career in data analytics.
Data Analytics Job Roles
Once you start pursuing a data analytics career after completing a certification, you are qualified to apply for the following data analytics jobs. Although the job titles may vary, the core responsibilities remain the same. These responsibilities include cleaning the data sets, developing predictive models, creating visualisation dashboards, identifying patterns, and developing data-centered solutions.
- Junior Data Analyst
- Associate Data Analyst
- Data Analyst
- Junior Data Scientist
- Data Scientist
- Data Architect
- Data Engineer
- Business Analyst
- Financial Analyst
- Research Analyst
Conclusion
Companies across all industries are experiencing an upheaval in their business processes. As a result, organisations will increase strategic investment in data analytics. Job security, consistent professional growth, and being a part of a team that shapes the future are a few of the inevitable benefits of a data analytics career. The world runs on data and will continue to do so for the foreseeable future. With a data analytics program, you can build a rewarding career while spearheading the Data revolution across your organisation.