Companies are desperate for data analysts and this is not an exaggeration. While there is a high demand for qualified analysts, the supply falls short. As a result, even entry level data analyst jobs in USA are well compensated. Digital-age organizations attempt to utilize consumer data to drive strategy, make investment decisions, analyze risks, and forecast market shifts. Aside from practical business applications, data analytics is a diverse and intriguing profession with a wide range of career options and responsibilities, you will be able to discover one that matches your interests.
What is data analytics?
Before we go into why a job in data analytics is a good decision, let’s go over the definition:
“The practice of analyzing raw data to generate actionable insights that inform plans and boost business intelligence is known as data analytics.” In layman terms, data analytics organizes (or “cleans”) massive collections of seemingly random data to identify patterns, producing logical conclusions that may subsequently be passed on to help make business data-driven decisions. There are four types of data analysis used to resolve questions related to business:
- Descriptive – that answer the question “what happened?”
- Diagnostic – that answer the question “Why it happened?”
- Predictive – that answer the question “what might happen in the future?”
- Prescriptive – that answer the question “what we should do next?”
These four different types of data analysis are used to construct a picture of the larger story told by data and to define the next steps.
Let us look at why data analyst jobs are high on the priority list of the new generation. Why data analytics is the best career for youngsters of today.
Data generation is an all-time high
According to Statista, the annual revenue from data generation is expected to reach $68 billion by 2025, with 181 zettabytes of data created. Customer data has become the world’s most valuable currency. Businesses can learn a variety of things from it, including:
- Their customers’ behavioral tendencies
- What messages and campaigns do they respond to favorably?
- Which platforms are more beneficial?
- Which populations respond positively?
And much more.
All of this data is collected in real time and on a large scale. Businesses must consequently be able to make sense of this data, which necessitates the use of skilled data analysts.
Data analysts are very much in demand especially in USA
The US Bureau of Labor Statistics projects that demand for data analyst jobs would increase by 23% between 2021 and 2031, substantially faster than the overall industry average of 5%. Furthermore, a survey done by Analytics Insight anticipated over 3 million employment openings for data specialists last year. In recent years, particularly since the pandemic, there has been an exponential increase in how data is collected and evaluated for business intelligence and decision-making.
The salary and the progress in the career are impressive
With high demand comes high pay! Companies are eager to pay top dollar for someone with data analysis skills due to the obvious skill gap in skilled individuals. The typical compensation for an analyst in the United States is just under $75,000 per year, with an entry-level wage of $53,000 per year. Even entry level data analyst jobs in USA pay very well and as you gain experience and advance through the ranks, your pay will follow, with some of the most competitive earnings in the market.
More companies are taking up data technologies pertaining to data analysis
New technology makes it much easier to do complex and time-consuming activities. Larger businesses may have to sort through various and, frankly, mind-boggling volumes of data. The reason these same organizations are eager to employ technologies to support their strategy is that doing so gives them a competitive advantage.
DataProt statistics indicate this:
- The global adoption rate of business intelligence is 26%.
- BI tools are used by 52% of software organizations and 50% of finance companies.
- Organizations discard 97% of collected data.
- In 2021, the global business intelligence market was valued at $24 billion.
Almost every business employs analytics on some level, from automotive to fashion, retail, and e-commerce, so there’s no shortage of opportunities. Here you may have the question – What is business intelligence? “It is essentially usage of data mining, data analytics and other analytical techniques to enable the companies to identify opportunities and take data driven decisions.”
Starting a career in data analytics is rather easy
Taking an online course is the easiest way to get started in data analytics. You’ll master the principles of data, its applications, and programming tools like Hadoop R. The benefit of online Data Analysis courses is the flexibility they provide. You can learn in your leisure time or around family and other obligations. Most are self-paced, integrate practical and video-based learning, and can often be finished in a few of months. Learning about data analytics and taking a course to obtain certification will greatly boost your chances of changing careers. Not sure which path to take? You can conduct an online research and find the best courses that will help you to get data analyst jobs in the US and elsewhere.
Data analysts are often key decision makers
Data analytics is a competitive resource for firms because it enables more accurate and data-informed plans, resulting in better results and clearer decisions. Organizations and managers look to a data scientist for recommendations on what to do next as a vital component of this driving force. Data visualization can be a valuable ally.
Throughout your data science career, you will have the ability to engage with a variety of departments and individuals to produce meaningful insights. These are the reasons why even entry level data analyst jobs in USA are very popular among today’s generation. And they are working hard to gain entry into this field.