In-Demand Data Analyst Skills To Get Easily Hired in 2024
What are the most In-Demand Data Analyst Skills?
SQL
Structured Query Language, commonly known as SQL, serves as the universal language for interacting with databases. Proficiency in SQL empowers individuals to efficiently update, organise, and retrieve data from relational databases, including the ability to modify data structures, known as schemas.
For aspiring data analysts, SQL mastery is predominant , as it’s often considered the backbone skill for securing employment.
Statistical Programming Languages
Statistical programming languages such as R and Python offer significant advantages over spreadsheet software like Excel when it comes to conducting advanced data analyses. These languages provide the capability to write programs that empower users to efficiently clean, analyze, and visualize large datasets. Here’s why these programming languages excel in data analysis
Machine learning
Machine learning, a prominent branch of artificial intelligence (AI), has indeed emerged as one of the most pivotal advancements in the field of data science. This skill revolves around the creation and utilisation of algorithms engineered to discern intricate patterns within extensive datasets, and importantly, enhance their precision and effectiveness as they accumulate experience over time.
Probability and statistics
Indeed, statistics and the role of a data analyst share many similarities, as both are fundamentally concerned with the handling and understanding of data.
Both fields play essential roles in harnessing the power of data to inform decision-making, solve problems, and drive advancements across a wide range of disciplines and industries.
Project management Skills
Project management indeed play a vital role in the workflow of data analysts, enabling them to efficiently manage and track projects, collaborate with team members, and organise tasks.
Data Management Skills
Data management is a critical component of any organisation’s data strategy, encompassing the processes of collecting, organizing, and storing data in a manner that ensures efficiency, security, and cost-effectiveness. While larger organisations may have specialized roles dedicated to data management, such as data architects, data engineers, database administrators, and information security analysts, data analysts also play a significant role in managing data within their purview.
Statistical Visualisation
In a world overflowing with data, statistical visualisation stands as a beacon of clarity. It empowers individuals and organisations to make informed decisions, tell compelling stories, and unravel the mysteries hidden within the numbers.Certainly, data visualisation is a crucial aspect of the data analysis process. It’s not just about crunching numbers and extracting insights; it’s also about effectively communicating those insights to drive informed decision-making.
Soft Skills
Soft skills are an essential complement to the technical skills that data analysts possess. While technical skills enable data analysts to work with data, soft skills empower them to effectively communicate their findings, collaborate with others, and navigate the complex world of data-driven decision-making.
Critical Thinking
Critical thinking is a cornerstone skill for data analysts. It is the cognitive process that enables them to delve into complex data sets, uncover meaningful patterns, and arrive at well-founded conclusions. Here’s why critical thinking is indispensable in the world of data analysis.
Data Analyst Salary Trends and Job Market Outlook, India
Rising Data Analyst Salary from 2023 and Beyond
According to the U.S. Bureau of Labor Statistics, the job market for data analytics is expected to experience remarkable growth, projected at 23% from 2019 to 2031.
By 2027, the global data analytics market is predicted to reach a staggering worth of $105 billion.This rapid and substantial growth highlights the pivotal role that data analytics plays as an emerging skill set with global relevance.
Job portals such as Dice.com,AmbitionBox, Glassdoor.com, and LinkedIn have consistently featured a multitude of data analyst job listings, spanning both entry-level positions and senior roles. What’s particularly striking is that these listings often come with attractively high salaries.
Data Analyst Salary by Industry, India
In India, the salary range for Data Analysts with less than 1 year of experience up to 6 years spans from ₹1.7 Lakhs($2.46k) to ₹11.8 Lakhs($1.42 million), with an average annual salary of ₹5.7Lakhs($6.862k). These figures are calculated based on a comprehensive dataset consisting of 85,100 recent salary reports from Data Analysts falling within this experience range.
Data Analyst Salary in IT Services & Consulting Companies
In the IT Services & Consulting sector, the average annual salary for a Data Analyst amounts to ₹5.4 Lakhs($6.5k) (equivalent to ₹45.3k per month i.e $541). These salary estimates are drawn from a dataset encompassing 29,900 recent salary reports submitted by Data Analysts working across various roles in this industry.
Data Analyst Salary in Financial Services Companies
In the Financial Services sector, the average annual salary for a Data Analyst stands at ₹6.4 Lakhs($ 7.7k) (equivalent to ₹53.6k per month i.e $ 645k). These salary estimates are derived from data encompassing 8,500 recent salary reports submitted by Data Analysts working in various roles within the financial industry.
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