You want to work as a data analyst, then. You’ve done extensive study and come to the conclusion that it’s the right career for you. Alternatively, you may keep hearing about this exciting job title and want to find out more.
In either case, you want to fully understand what working as a data analyst involves and, even more important, how to go about doing it.
You may be interested in learning more about the market for new and aspiring data analysts in 2023 after experiencing a global epidemic over the past two years.
Do employers still need data analysts?
You’re in the correct place, I suppose. Consider this article to be your comprehensive guide to becoming a data analyst.
What will the data analytics market look like in 2023?
Is it a wise career decision to become a data analyst, if that’s what you’re considering? Even without a global epidemic, that is a challenging question to answer. You’re right to be inquisitive (and possibly anxious) about what 2023 has in store because for many, the previous two years have been fairly awful.
So, what can you anticipate for the coming year? Let’s look at it.
What will the data analytics market look like in 2023?
Consider the larger context in which you’ll be working while thinking about a job as a data analyst. Every day, as people, we produce enormous amounts of data that are attractive to businesses and organisations because it provides them with information about how we behave in respect to their goods and services. Data generation increases as we rely more on digital tools and services, making it crucial for businesses to understand this data.
The big data market is expected to be valued $229.4 billion USD by 2025, to give you an indication of its size. How does that affect you? Well, as the demand for data analysts rises dramatically, so does the market for data.
This idea is supported by the Jobs of Tomorrow study from the World Economic Forum (released in 2020), which lists data science and artificial intelligence as two of the seven high-growth emerging professions. The largest growth rate of the seven recognised vocations, at 41% annually, is shown by data and AI. Currently, there aren’t enough data specialists to fulfil this need; a recent research found that companies anticipate data science and analytics to be one of the hardest fields to fill.
Does remote work impact careers for data analysts?
Without taking into account the recent past, it is impossible to discuss the data industry in 2023. The data sector has also seen significant transformation as a result of the pandemic.
The rise of remote work, which has expanded by 300% since the epidemic, is one of the biggest and most evident changes. If the epidemic persists in 2023, you should plan on working remotely at least occasionally if not full-time as a data analyst. You’ll be in a better position to convince companies that you can operate independently and remotely if you’re learning data analytics through an online programme.
How can a newly certified analyst like you stand out?
Continuously Enhance Your Skills
Keep up with the newest data analytics tools, technologies, and approaches. Through online courses, workshops, certifications, and attendance at industry conferences, always learn new things and improve your abilities. Develop your skills in areas like SQL, machine learning, statistical analysis, Python, R, and other computer languages.
Showcase Your Technical Abilities:
Showcase your expertise with industry-standard data analytics tools and platforms, such as Tableau, Power BI, or Python packages like Pandas and NumPy. In interviews and on your CV, be sure to emphasise your technical expertise. You should also include examples of projects or analyses where you used your technical expertise well.
Emphasize Domain Knowledge
Gain a thorough understanding of the field or sector you are working in. Whether you work in marketing, finance, healthcare, or another industry, having domain-specific expertise can enable you to offer more insightful analysis and suggestions. Keep up with the latest market developments, difficulties, and rules.
Develop Strong Communication Skills
As an analyst, it’s essential to be able to express your conclusions and observations clearly. Build your writing and spoken communication abilities to express complicated ideas succinctly and clearly. To effectively communicate your insight to stakeholders, practise developing visually appealing and informative data visualisations and presentations.
Be a Problem Solve
Consider how you can solve problems while you go about your work. Recognise the goals and issues facing the company, and concentrate on using data analysis to offer workable answers. Seek out opportunities to proactively identify and address problems or areas that need development, and show how your analytical talents can benefit the organisation.
Collaborate and Network
Engage in active collaboration with colleagues to gain knowledge from their viewpoints and experiences, both inside and outside of your team. Making connections with industry experts can open up new doors and opportunities. Expand your professional network by attending industry events, signing up for associations, taking part in online forums, and having talks.
Use your status as a “newcomer” to your advantage. Even while the job market may be particularly competitive right now, you as a novice to the industry have many distinct insights and advantages. In your applications, be sure to draw attention to these. You can get assistance with this from a career coach, so pick a course that provides it. Here, you may do top data analytics certification courses.
What kind of salary can data analysts in India expect in 2023?
Data analysts’ salaries in India can vary depending on their level of expertise, region, industry, and size of their employer. However, based on past data and patterns, I can provide you some broad views on the predicted compensation range for data analysts in India. Note that these numbers are approximations and subject to change:
Analyst: For those with less than 2 years of experience, the salary range can vary from around INR 3.5 lakh to INR 6 lakh per annum.
Mid-level Data Analyst:
With 2 to 5 years of experience, data analysts can expect a salary range of approximately INR 6 lakh to INR 12 lakh per annum.
Senior Data Analyst:
Professionals with 5 or more years of experience may earn a salary ranging from INR 12 lakh to INR 20 lakh per annum or higher, depending on their expertise and responsibilities.
It’s important to note that these figures are approximate and can vary significantly based on factors such as the candidate’s qualifications, skills, industry demand, company size, and location. Salaries tend to be higher in metropolitan cities like Mumbai, Bangalore, and Delhi compared to smaller cities or rural areas.
Additionally, it’s worth mentioning that the salary ranges provided here are for data analysts specifically. Data scientists or professionals with more advanced skills and experience in areas such as machine learning and AI may command higher salaries.
To get the most accurate and up-to-date salary information, it is advisable to refer to industry surveys, job portals, and consult with professionals working in the field or a human resources department.