About Data Analysis

What is Data Analytics?

Data analytics is the systematic process of collecting, preparing, and analyzing raw data to extract valuable insights, enabling informed decision-making and strategic planning in businesses and organizations.

What Does a Data Analyst Do?

As a data analyst, your primary responsibility is to transform raw data into meaningful insights. This process typically begins with a specific problem or question in mind, such as "What caused the significant customer attrition in the last quarter?" or "Why do patients discontinue therapy halfway through?"

To uncover the necessary insights and address these questions, you'll typically follow a structured series of steps:

1. Define your question or problem statement.
2. Gather the required raw data.
3. Cleanse the data to ensure it's prepared for analysis.
4. Perform data analysis.
5. Develop visualizations to illustrate your findings.
6. Communicate and share your discoveries effectively.

This systematic approach allows data analysts to provide valuable information that aids decision-making and problem-solving within organizations.

Where Do Data Analysts Work?

Data analysts are in high demand across various industries, not just within big tech companies like Amazon, Facebook, or Netflix. They play a crucial role in nearly all types of organizations, ranging from large corporations to startups, financial institutions, government agencies, healthcare, and non-profit organizations. The need for data analysts arises wherever data is collected, which is virtually everywhere in today's world. The versatility of this role allows data analysts to explore diverse sectors and types of companies.

Is There Demand for Data Analysts?

Regarding job demand, the field of data analytics is experiencing rapid growth, closely tied to the exponential expansion of the big data market. This growth is reflected in the job market, with data and artificial intelligence (AI) being identified as one of the highest-growth emerging professions. Data analytics consistently ranks as one of the most in-demand tech skills, and employers foresee challenges in recruiting data science and analytics professionals in the future. In the United States, senior data analysts make an average yearly income of   $  98,255 

(It is correct at the time of writing on 11-24-2024. Check real-time data here  Senior data analyst salary in United States (indeed.com) ). This field offers job security, meaningful work, and attractive earning potential. 

This section is also referenced from:  WEF_Jobs_of_Tomorrow_2020.pdf (weforum.org) 

What Is the Next Step to Become a Data Analyst?

To explore the possibilities and embark on a rewarding career as a data analyst, it's essential to be well-prepared, and we are excited to let you know that your "Job Ready Data Analyst" course is designed for this purpose. Click on Learn More below and fill out the course form to get started.