5 Important Facts to Know About Data Analytics

Data Analytics is on the rise in last quarter of century primarily owing to increasing data collection abilities and exponential increase in computational power. Actually, no branch of engineering, business or science, is far from touch of analytics in any industry. Perhaps you, too, are interested in being, or already are, a data scientist. In this post, we will discuss 5 important facts regarding this field.

1. Different Sectors, Different Functions

Data analytics has different end-meanings and uses depending upon the type of industry or business. In addition to this, data analytics is also employed in banks and credit card companies that analyze withdrawal and spending patterns so as to prevent fraud or cases of identity theft. In the IT industry, the term holds a different meaning altogether. Data analytics is used in the context of IT audits as well, when the controls for an organization’s information systems, operations, and processes are examined.

2. Data Analytics- Priority In Organization

Data Analytics still rank at the top on the priority list of organizations looking for vigorous and long-term enhancement in their operational methods and overall performance levels.  Moreover, the Big Data Analytics is able to bring forth various beneficial business insights and is beneficial for recognizing varied sales/market opportunities. In fact, many companies motivate their employees to go for Data Analytics Training.

3. Demand For Data Analytics Professional

Data gets useless unless we have proficient professionals to examine it. With the large increase in data, the requirement of the hour is to have experienced professionals who could examine as well as organize these large chunks of data hence, there is a rapidly increasing demand from the companies to employ skilled Data Analytics professionals.

4. Variety Of Jobs In Data Analytics

When we talk about career choices, there exists numerous opportunities to choose out of:

• Big Data Analytics Business Consultant
• Big Data Analytics Architect
• Big Data Engineer
• Big Data Engineer
• Big Data Solution Architect
• Big Data Analyst
• Analytics Associate
• Business Intelligence and Analytics Consultant
• Metrics and Analytics Specialist

5. Essential Things To Know To Start In This Field

To become proficient in Data Analytics, you should have knowledge of following given areas:

• Mathematics
• Subject areas
• Visualization & Conveyance
• Programming and tools
• Data and digital Representation’
• Algorithm & Abstract Knowledge

CONCLUSION

The rapid demand for data analytics has placed pressures on IT to provide them with an infrastructure that could support the requirement and offer them with tools that could enable the users across the business to get results for what they want. There are companies who are hiring data analysts in bulk as they deal with a lot of data every day. And contrarily, corporations are hiring Data Analyst as this has become essential for them to develop. From finance to Marketing to HR everybody needs a Data Analyst. To make career in this field, you can join Data Analytics Training.