As a professional dealing with data on a daily basis, you must already be aware of the applications and utility of data in every industry. Even the industries that could not associate with data before have started to explore the possibilities of data interpretation.
Big data is the new frontier where businesses fight to obtain the most relevant data first and capitalize on it to provide customized services and solutions. For this, you must go beyond the existing systems associated with data sciences and build competencies in data analytics.
Going forward, data analytics isn’t going to be an option, but it will become a necessity. Hence, for people who are not aware of the same, a data analytics course is essential to enhance their skills.
Reasons to Take a Course in Data Analytics
For a person already working with data and possessing some level of knowledge in data science, a separate course in data analytics won’t look like a valuable thing to do. But that is where they can go wrong and stay behind in the industry. Data analytics has moved forward by leaps and bounds, and it is not only about adding numbers on an excel sheet.
Today companies are pegging their success on understanding and interpreting data. They are devoting resources and people to interpret the data collected from a wide pool of sources and build trends out of them.
- Enhance Problem Solving Skills
One of the core competencies of data analytics is solving problems. However, when it comes to a company, these large-scale problems can affect a company’s outcome and decide its future course.
A course in data analytics will help you approach the problems in the right manner. And it will not only help you solve data-related problems but also help manage problems in everyday life.
So the skill to look at data and associate it with problems a company faces and draw conclusions is valuable and much appreciated.
- Industry Demand (Skill Gap)
Companies today prefer to hire people with pertinent skills like data analysis, machine learning, big data, data engineering, and data visualization. In the last four years, the demand for people with data analytical skills has surpassed the demand for engineers twice.
As organizations realize the importance of understanding data, they need people to read and visualize it for them. As more and more businesses will need to hire data analysts, a course will undoubtedly help you demand higher salaries and handpick the jobs available.
- Ubiquitous Nature of the Field
We are surrounded by data. From individuals to companies, we are generating data by the second. Every industry and its vertical requires correct analysis of the data generated. Hence, building a career in data analytics will help you work for any industry and company.
Companies today want to acquire new customers and grow their business while retaining the existing customers. They also want to optimize operations and maximize the effectiveness of the insights generated with data.
For all this, they need the skills and expertise of skilled data analytics professionals. And these activities are not limited to one particular industry, but these apply everywhere.
- Flexible Work Settings
If, at present, you are working in a 9 to 5 corporate setting, a data analytics course can set you free from this schedule. The freedom of being associated with multiple companies and still not being bound to under a singular authority can be recognized if you have the right set of skills.
Seeing the skill gap, the professionals who possess the right competencies in this sector can work with different companies or even freelance. It’s an important skill. Hence, you have the upper hand in choosing the future course of action.
According to McKinsey’s Global Survey 2020, data analytics has the largest skill gap, followed by IT management and executive management. This is because of the transformative impact data analytics professionals can have on a company today. And this gap in demand and supply will only widen with the progressive increments in technology, data generation, and digital economies.
For the past few years, companies have been targeting talented data analysts with expertise in math and statistics, as these are the core components of data analytics work. But with the coming of artificial intelligence, companies have tightened their grip over the skilled people even more and hiring the ones who also have knowledge and experience in machine learning, data engineering, natural language processing, etc.
As we are identifying the benefits of a good data analytics course, you will begin to realize that companies are hiring selectively. Even with a skill gap in the industry, they are not just picking people who have written “Data Analyst” on their LinkedIn profile.
Rather they are finding people with a specific skillset and domain expertise. To obtain this expertise, you must undergo a good course in data analytics and build a promising career.
How taking a course in Data Analytics can Help?
To build a career in data analytics, taking good and valuable courses will be highly beneficial. Not only in terms of getting higher salaries, but you will get to learn critical skills and earn relevant certifications. Let’s see how a course in data analytics can help.
- Learn Mission-Critical Skills
Data analytics is a large enough field that you will need to dedicate an ample amount of time to become proficient and gain an in-depth understanding. From time to time, the key skills associated with data analysis might change, and companies will also look for people with a specific skill set.
Hence a course in data analysis will help you identify, learn, practice, and build the mission-critical skills that companies require. Plus, a course will also take you through the basics. So, even though the specific skills might change from time to time, the basics will stick.
- Brighten up your CV
Building a great resume or CV is essential to explore different job opportunities in the market. Plus, while finding a new job, the hiring company will first ask for your CV and call for an interview based on your qualifications, experience, and achievements.
In this scenario, adding “Completed certificate course in Data Analytics” will brighten up your CV and set it apart from others. Plus, being a patron of this skill, you can also add different job titles according to your expertise on the CV. All this will help you score better than others after the same job.
- Explore Multiple Specializations
Data analysis is a vast domain with multiple specializations. You can choose and work on one based on your competencies and skills. This also means that you must choose the course according to your requirements and interests.
Not all courses will offer teachings in different specializations, including marketing analyst, financial analyst, sales analyst, and operational analyst. As these four specializations cater to different departments in an organization, their learnings and concepts will also differ, and so will the methods of analyzing data. A data analytics course will take you through all or selected specializations helping you build a super-specific skill set.
- Better Salary
On average, a data analyst working in New York, USA earns $73,000 per annum. But the person with additional skills, experience, and expertise can take home $109,000 per year.
And when you specialize in a field connected to data analysis, like a financial analyst, the salary bar increases. On average, a financial analyst in New York, USA, earns $82,000 per year, with the highest-earning professionals earning up to $122,000 per year.
- Structure Learning
Taking a data analytics course means you will learn everything in a structured and logical manner. A proper structure is essential to learn a skill like data analytics, and this becomes even more important due to the market dynamics associated with the skill.
Yes, you can also learn via YouTube, reading blogs, books, etc., but these sources do not have a structured approach. Even though you have some sort of experience in the field, you will find learning with a course much more productive.
- Become a Decision Maker in the Company
As companies heavily rely on good data analysis, being a professional in this field, you will be revered at the company. You will take part in the core decision-making process and provide actionable insights. You will also play a role in building future strategies for the company.
Conclusion
Data analytics, as a field, is important and will retain its necessity in the future as well. If you are already a patron of this field, then you might already know the future scope of data analytics. But what you might miss out on is the extent of specializations, skills, and advanced competencies required to make it big in this industry.
To obtain and nurture the necessary skills taking a data analytics course will prove to be highly beneficial and effective. It will improve your position in the market and help you land high-paying jobs, and become an asset to the company. Make sure to sign up for a course in data analytics at IMS Proschool today and join the category of super-important and skilled professionals.
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