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Securing Your Data Analysis With Nextgen Strategies

Last updated on August 14, 2023

Are you considering transitioning into a career in data analysis but don't know where to start? Securing your data analysis with Nextgen strategies is an excellent career move for those with experience and ambition to make an impact in the industry. In this blog post, we go through the career path to get you set up with the necessary skills and benchmarks to devise effective and efficient data models and solutions for companies and businesses. We also provide insights into salary expectations you should have in India with this skill set.

What Exactly Do Data Analysts Do?

Data analysts are responsible for organizing, assessing, and making sense of the data that is presented to them. They use analytical methods to explain and evaluate that data and achieve a clear understanding of the information. Data analysts then use that information to help businesses and organizations identify problems and find solutions. By providing analytically based insights, data analysts can help companies cut costs, improve operational efficiencies, and make informed decisions about future strategies.

Opportunities in India for Transitioning Data Analysts

Data Analysis is quickly becoming the most sought-after job in India. With the country's increasing reliance on the internet and digital technology, the growth in the use of data and its importance are also on the rise. There are numerous career prospects for those who have the skills to secure data, make sense of data, and draw insights from it. Some of the top roles and companies in India looking for data analysts include, but are not limited to;

Data Analytics/Data Scientist at Amazon
Data Analyst at Flipkart
Database Administrator at Accenture
Data Scientist at Microsoft

If you have a skill set in data analysis, there is no denying the fact that you are among the most employable people in India.

How To Secure Your Data Analysis With Nextgen Strategies

The first step to transitioning into data analysis is to get acquainted with the latest trends and skills related to the trade. When it comes to data analysis, there are a few skills that everyone should have a basic knowledge of, these include; various machine learning algorithms, SQL and No-SQL databases, experimentation and inference techniques, analytical tools, advanced modeling techniques, and predictive analytics.

These techniques and algorithms enable data analysts to make precise predictions, which of course is extremely valuable to any organization. Moreover, keeping yourself updated with latest tools and techniques would ensure you stay ahead of the competition.

To stay ahead of the curve, the data analyst must also be aware of the newest trends and techniques in the business. The latest strategies include technologies like artificial intelligence (AI), predictive analytics, natural language processing (NLP), blockchain, and knowledge graphs. These techniques require data analysts to learn how to create and manage algorithms, automate analytics processes, and provide insights on the massive amounts of data they are expected to manage. It can take some time to get used to these techniques, especially if you come from a non-technical background.

Salary Expectations In India For Data Analysis

Data analysis requires professionals to have experience in data mining, forecasting, experimentation, predictive analysis, and programming. Such professionals often command salaries in the six-figure band in India. According to ZipRecruiter, the average salary for a Data Analyst in India is Rs 5,28,749 per year. However, depending on the experience and the skill-set, the salary for a data analyst can go up to as high as 10 lakhs per annum.

Real-Life Examples of Successful Data Analysts in India

There are some inspiring success stories of people who have gone on to make a name for themselves in the field of data analysis. One such example is Annu Grover, who is the Chief Data Operating Officer at India's prestigious Global financial services, HDFC. Annu uses her skills in analytics and coding to create amazing models, tools, and resources that help HDFC to stay at the forefront of innovation.

Another success story is Abhishek Ganjoo, a data analyst at Cognizant. Abhishek uses his skills in the data science, machine learning, and data engineering to develop intricate data models and solutions to address the challenges faced by the companies that Cognizant works with. Abhishek has maintained an excellent track record and is greatly appreciated by his colleagues for his excellence in data analysis.

Challenges In Data Analysis and How To Overcome Them

Like any other field, there are several challenges that an aspiring data analyst will have to face in their career. These include an ever-evolving field with new trends, lack of resources and understanding of the new skills, difficulty in finding the right job opportunity, difficulty in getting hired, and the difficulty in staying up to date with the latest trends and technologies.

To overcome these challenges, an aspiring data analyst should get acquainted with the basics before they move on to the advanced stuff. They should also practice their skills on real data sets and continuously update their portfolio. A good portfolio will ensure that the analyst remains relevant and valuable to their organization in the long run. Additionally, online courses, bootcamps, and mentorships can help data analysts stay on top of the ever-changing field.

Actionable Steps To Transition Your Career Into Data Analysis

Practice your skills on real-world data sets and continuously update your portfolio.
Learn about the tools and languages used in data analysis like SQL, Python, and Tableau.
Take online courses and attend bootcamps to stay up to date with the latest trends and technologies.
Take up a mentorship program to get guidance from experienced industry experts and stay one step ahead.
Network and stay in touch with industry professionals to explore relevant job opportunities.

Conclusion

Data Analysis is an extremely lucrative career field with no shortage of opportunities for those with the right skills. To make the transition into this new field, one must first get acquainted with the tools and technologies used in data analysis. With the help of online courses, bootcamps, and mentorships, the career transition can go smoother and easier. Furthermore, staying up to date with the latest trends and technologies can help data analysts stay ahead of the competition. So, if you have what it takes to make an impact in the field of data analysis, then this is an excellent career move for you.