Is data analytics a dying career?
As long as a data scientist is able to solve problems with the help of data and bridge the gap between technical and business skills, the role will continue to persist.
Data Analyst Job Outlook
The job outlook for Data Analysts is very positive as data analytics is in great demand. In 2017, IBM predicted that the number of jobs for data professionals in the U.S. alone would surge another 364,000 (to 2,720,000) before the end of 2020.
Transitioning to a career in data analytics can mean stable employment in a high-paying industry once you have the right skills. Each year, there is more demand for data analysts and scientists than there are people with the right skill set to fill those roles [1].
While many analysts may fear they will be replaced by automation and AI, CEO of Yellowfin, Glen Rabie, believes that the role of the data analyst will increase in significance to the business and breadth of skills required.
Data analysts have been hailed as one of the most in-demand tech talents for 2020—and companies are prepared to pay extremely competitive salaries. A job in data promises excellent career prospects, so it's no surprise that more and more people are looking to switch into the field.
Yes, being a data analyst can be very stressful, but this heavily depends on your employer, the company's culture, and what causes stress for you personally.
Analysts have become increasingly valuable. If you're interested in a data analytics career, you can expect a lucrative compensation package, job security, and excellent job prospects.
In short: Data analysts are in high demand, putting newcomers in a great position. The jobs are there; as long as you've mastered (and can demonstrate) the right skills, there's nothing to stop you getting a foot in the door.
You might start out as a data analyst before advancing to senior-level analyst, analytics manager, director of analytics, or even chief data officer (CDO). If you're interested in pursuing this path, you'll want to focus on developing your leadership skills alongside your data skills.
The average data scientists salary is ₹698,413. An entry-level data scientist can earn around ₹500,000 per annum with less than one year of experience. Early level data scientists with 1 to 4 years experience get around ₹610,811 per annum.
Will AI take over data analyst?
According to a Gartner report, around 40% of data science work was anticipated to be automated by 2020. As a result of this, the demand for data scientists has fallen flat. On a general scale, AI is taking over data science jobs without much hesitation.
The quantity of data points that the human brain can process and correlate is restricted. “By 2023, more than 40% of data science tasks will be automated,” according to Gartner, Inc., “leading in higher productivity and expanded use of data and analytics by citizen data scientists.”
According to Gartner, Inc., “More than 40 percent of data science tasks will be automated by 2020, resulting in increased productivity and broader usage of data and analytics by citizen data scientists.”
Data Analysis is one of the most in-demand jobs for 2022. After United States, India is the second prominent hub of jobs for data scientists. Demand is one of the reason data analyst salary is significantly high.
Data analysts are below average when it comes to happiness. At CareerExplorer, we conduct an ongoing survey with millions of people and ask them how satisfied they are with their careers. As it turns out, data analysts rate their career happiness 2.9 out of 5 stars which puts them in the bottom 22% of careers.
According to one McKinsey report focused on the healthcare industry, “data analytics and information services will have the fastest growth rate at 16% to 18% over the next five years, while core administrative services are unlikely to see much growth due to automation.” Here's what you need to know as you plan your ...
Is Data Analytics a good career? Yes, data analytics is a good career choice as data has become a significant part of any industry to make strategic and informed decisions. This increases the demand for data analyst thereby making it one of the best career choices.
