This article was published as part of the Data Science Blogathon.
ecisions? ¿Es usted alguien que quiere comenzar una carrera en el dominio de la analyticsAnalytics refers to the process of collecting, Measure and analyze data to gain valuable insights that facilitate decision-making. In various fields, like business, Health and sport, Analytics Can Identify Patterns and Trends, Optimize processes and improve results. The use of advanced tools and statistical techniques is essential to transform data into applicable and strategic knowledge.... pero está confundido entre Business Analyst y Data Analyst? Good, your search ends here because today we are here to discuss important tips that will help you choose the right role. Today we will talk briefly about:
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Responsibilities
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Qualifications and skill sets
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Salary / CTC
These tips will help you decide on your career path and guide you to be the best professional in your field.. Stay tuned!
Business analyst versus data analyst: some important questions to consider
Which is better data analyst or business analyst?
Both data analysts and business analysts have equally important roles in your company. But nevertheless, which role is best for you depends solely on your requirements and needs. Both the data analyst and the business analyst use data to support their reports and findings for the project they are managing.. But nevertheless, both professionals use different approaches to approach their data. On the one hand, business analysts are responsible for making important business decisions. While data analysts work with the collection, organization and interpretation of a company's data to make it useful for their business.
Can a business analyst become a data analyst?
A business analyst may choose to learn data analysis tools such as SQL, R, Python, etc. to master the compilation, data interpretation and management. It is important for both business analysts and data analysts to feel comfortable handling data in a way that they can transition professionally into a data analyst or scientist role.. They must be comfortable with programming and coding to switch to these roles.
Are Analyst Jobs Difficult?
In the beginning, all kinds of analytical tasks seem difficult, but nevertheless, with regular, hands-on practice in analytical tools like PowerBI, SQL, Painting, the removal, data cleansing and preparation of proper reports becomes easier.
Now let us understand the role of business analysts and data analysts in terms of factors.
Business Analyst Responsibilities vs. Data Analyst
Business analyst:
Business analysts are seasoned professionals who help improve existing business processes by understanding key issues and improving effectiveness through their analytical and critical thinking capabilities..
When an organization is required to solve a problem that pertains to current or future aspects of the business, business analysts are responsible for taking things in hand and providing the necessary solution to this. His typical role in the organization is:
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Work with customers to understand the problem and define the problem statement.
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Analyze current and future business needs by extracting current data
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Understand company requirements and customer projects.
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Communicate customer requirements to the development team.
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Development and management of customer projects
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Working closely with the client and development team to help escalate issues where necessary and, as a last resort, develop useful solutions for the client,
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Making important business decisions for the company based on their analysis.
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Test the developed use case before delivering the solutions to the customer
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Review current trends and implement various tactics to improve and change current trends that may seem outdated to the system.
Data analyst
Data analysts do not typically work with clients directly., its main function is to work with the data, explore data features, create useful information and reports for better understanding. They use mathematical techniques, statistics and computer programming to draw more conclusions from the data to describe and improve your existing business performance. His typical role in the company is:
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Extract, collect and interpret data
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Deeply analyze the results
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Create actionable insights and reports to present to the business.
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Identify the trends that are present in the data sets to reach the conclusion.
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Understand business needs and create use cases and reports based on business requirements.
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They work closely with the management team to prioritize current business needs.
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As a last resort, they are also required to define ways to improve the current processed business based on their findings.
Business Analyst vs. Data Analyst Qualifications and Requirements
Requirements for a business analyst role
Normally, business analysts have relevant degrees in the field of business, finance or economics. A holder of a university degree can enter the entry level position for BA. But nevertheless, for higher positions, MBA in Business Administration with some relevant experience preferred.
Business analyst requirements include:
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Data research expert
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Must have a mathematical mindset
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Good analytical mindset and critical thinker
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Strong retention in MS Excel, Access, SQL
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I should know how to operate Power Bi, Painting, Jira Software
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Experience in Handling and Project Management
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Good communicator and must know how to communicate with client and programming team to meet business requirements.
Requirements for a data analyst role
To become a data analyst, must have a degree in the following subjects such as Mathematics, Statistics, Engineering or Economics. You can enter the career even with a bachelor's degree.
Other requirements to become a successful data analyst include:
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Should be able to handle data models
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You can analyze and extract information from large data sets.
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Must have programming knowledge in languages such as R, Python, SQL, etc.
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Should be able to generate actionable reports
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Capacidad de resolutionThe "resolution" refers to the ability to make firm decisions and meet set goals. In personal and professional contexts, It involves defining clear goals and developing an action plan to achieve them. Resolution is critical to personal growth and success in various areas of life, as it allows you to overcome obstacles and keep your focus on what really matters.... of problems
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analytical mindset
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You can understand the problem and extract important features from the dataset by performing activities such as EDA (Exploratory data analysis).
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Also adequate knowledge of data mining techniques.
Business analyst versus data analyst: salary comparison
Good, It's not that you should take yourself to a career based on salary. But nevertheless, it is important that you know what profile to consider and what growth you can expect over the years. So do not worry, as we will discuss what you can expect.
In India, The starting salary for a data analyst is typically between 3 Y 5 lakhs. Increases the 7 thousand rupees when you gain experience of 2 a 3 years in the industry. can go up to 10-15 Most experienced LPA. If you get a job somewhere else in the world like the United States, salary could be even higher.
A business analyst obtains between 4 Y 6 thousand rupees in entry level positions. If they have an MBA degree from a reputable institute, can go up to 12 LPA. with a good experience, can also win up to 20 LPAs in India.
Final remarks
While there are many factors to consider when considering a role in the field of analytics, we advise you to check whether you want to go into the technical side of the analytics field or the business side. In general, people with programming skills tend to go for data analysis and people with a business mindset tend to go for the domain of business analytics. in some companies, you may be required to display both skill sets as an analyst. But nevertheless, you can choose to upgrade and continue to learn new technologies and skill sets to best complement your career. if you are confused, You can always get career advice and guidance from institutes like DataPeaker to land your dream job.