Big data is the new thing, it is everywhere and companies are trying to keep up with all the data that is collected everyday but this is hard because of the volume. Companies are scrambling to analysis the data coming in as quickly as possible so that they don’t miss out on anything important that they can use to their advantage. Data analytics has now become a crucial part in business to make smarter decisions, improve products and customer experiences, and getting a leg up on their competitors.
If you are trying to figure out what industry you want to go into, a career in data analytics is a great choice. With more and more companies now implementing big data, the demand for people to analyze it continues to increase because all the data is useless when you don’t have the knowledge and skills to analyze it.
There is a high demand for highly skilled data analysts, and big data jobs pay big money. The skills that you need to analyze data are very specific and companies are willing to train and invest the money in you because not a lot of people have the skills that are required. Someone is data analytics can make anywhere from $50,000-$165,000 and more depending on the company, what job you are doing, and your level of experience.
There are many different jobs someone can get within the field of data analytics. One option is to become a data analyst. Data analysts look at the data that a company collects and provides reports and visualizations to explain the data and what it may be hiding. This is done by using charts and graphs to make the data easier for everyone within a company to look at and understand instead of just looking at a bunch of numbers on a computer. For this role someone must have good knowledge of data manipulation using programs such as excel. A job as a data analyst is an entry level position due to the fact that they have a lower skill set than others in the industry and therefore someone in this position makes around $65k.
Other option is to be a data scientist. They make the data easy to understand by interpreting it, they collect the information they need to tell a story. Someone in this role fine-tunes the mathematical and statistical models that are applied onto data. They use their knowledge of algorithms and statistics to solve the problems and questions that they want answers to. A person in this position needs to have a lot of skills in order to be successful. Knowledge in mathematics, algorithms, statistics, and programming language like Python and R. As a result of having to have a large skill set, people in this role make $115,000 and up a year.
You could also be a data engineer, these are the techy, computer savvy people. They use computer science to process a large amount of data. They are responsible for cleaning up data sets, implementing requests that come from the data scientist, and focus on coding. Data engineers have a broad knowledge of programming language from Python to Java and more. The have to know programs like Hadoop and Spark that source data and process it so that it is useful to the company. They also need to know a lot about warehousing solutions and data storage which is why they are paid around $100,000 a year because they have a lot of skills they need in order to do the job.
The QuinStreet research found that 77% of companies said that big data analytics is a top priority within their company to improve the performance of the organization. Big data is being used to make smart decisions on how to market, where to spend money, find the patterns and trends within industries and just be all around more successful as a company.
So with companies seeing the value in big data and starting to use it more, there is a big need for people in big data analytics. Not only is it a good paying career, but there will always be a need within companies to have someone who knows how to read and make use of all the data that is collected. So if you are a recent high school student heading off to college or someone in the work world that is looking for a career change; big data is the industry to get into now!
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