Data Analytics

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What is Data Analytics?

Data analytics is commonly described as a process of examining data sets to draw conclusions on the basis of information available in them with the help of various software or specialized systems. Data analytics has become a very crucial part of commercial industries over the last few years as it enables more-informed business decisions based on scientific data and research.

Data science is an interdisciplinary field that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from structured and unstructured data. Data science uses techniques and principles of Mathematics, Statistics, Computer Science and Information Technology to get actionable insights from data. Data science is related to Data Mining, Machine Learning and Big Data.

Difference between Data Analytics and Data Science

To understand the difference between Data Analytics and Data Science. Data analysis involves answering questions generated for better business decision making whereas Data science focuses on discovering new questions needed to drive innovation.

Parameter

Data Science

Data Analytics

Scope

Macro

Micro

Goal

To ask the right questions

To find actionable data

Major Industries

  • Machine learning
  • Artificial Intelligence (AI)
  • Search engine engineering
  • Corporate analytics
  • Healthcare
  • Gaming
  • Travel
  • Industries with immediate data needs

Skills Required

  • Knowledge of Math, Advanced Statistics, Predictive Modelling
  • Proficiency Big Data tools such as Hadoop and Spark
  • Experience with data visualization tools such as QlikView, D3.js and Tableau
  • Knowledge of Intermediate Statistics
  • Excellent problem-solving skills
  • Dexterity in Excel and SQL database

Data analytics and Data Science tools help scientists and researchers in verifying or reject scientific models, theories and hypotheses, thereby helping the company improve operational efficiency and customer service, gain a competitive edge and increase revenues. Data Analytics tools use historical data or the data being processed in real-time.

Data analytics methodologies include exploratory data analysis (EDA) and confirmatory data analysis (CDA). The former aims to find patterns and relationships in the given data; the latter examines whether hypotheses about a data set are true or false.

There are two forms of data analysis: quantitative data analysis which includes analysis of numerical data that can be statistically compared; and qualitative data analysis which is more interpretive and draws the conclusion from non-numerical data.

Other types of data science include data mining, predictive analytics and machine learning.

After completing a data analytics course one can get jobs like data engineer, data scientist, data architect, database administration and data analyst. The starting salary of a data analyst as per payscale.com is Rs 4 lakh and upwards.

Data Analytics and Data Science Eligibility Criteria

Data Science courses are available at the postgraduate level as a stream of specialization in Engineering, Computer Science and Management. The minimum eligibility criteria for a Data Analytics course is Bachelor's degree with at least 50% marks in aggregate or equivalent preferably in Science or Computer Science from a recognised university

Required Skillset for Data Analytics

To be good at data analysis, one needs to have strong analytical and numerical skills and must have a thorough understanding of computer software(s) like Querying Language (SQL, Hive, Pig), scripting Language (Python, Matlab), Statistical Language (R, SAS, SPSS), and Excel. 

Essential soft skills required to be a successful data analyst includes good interpretive and communication skills, i.e. to be able to explain the process of data analysis and its outcome to a different set of audience (technical and non-technical). He/she must also possess attention to detail and problem-solving skills.

Data Analytics Course Fee & Data Science Course Fee

One can pursue Data Analytics at UG, PG and doctorate levels. The most popular Data Analytics courses are mentioned below:

PG courses

UG Courses

MBA/PGDM

BE/BTech

MSc/MCA/MTech

BSc

Apart from the above-mentioned degree courses, one can also pursue short term online certification courses. These courses are ideal for working professionals who wish to add Data Analytics to their list of professional skills.

Data Analytics courses with fee

Various online and offline Data Analysis courses are mentioned in the table below:

Certificate Name

Provider

Duration

Fee

Data Analytics Master Certificate

SimpliLearn

1 year

RS 44,999

Introduction to Data Analytics for Business

Coursera

4 weeks

Free

Business Analytics Course

Edupristine

10 weekends

RS 25,000 onwards

Data Science and Analytics

IMS Pro School

140 hours

RS 90,000 + GST

Programming in R

NIIT

44 hours

Not Available

PG Certification in Data Science

IIIT Bangalore

7 months

RS 3,736 per month

Data Science courses with fee

Various online and offline Data Science courses are mentioned in the table below:

Certificate Name

Provider

Duration

Fees

IBM Data Science Professional Certification

Coursera

10 months

RS 2,912

Applied Data Science with Python

Coursera

5 months

Free

HarvardX’s Data Science Professional Certificate

edX

1 year 5 months

RS 33,000

Amazon AWS Big Data Certification

AWS

170 minutes

RS 22,500

Data Curation Professional

SAS Academy

3-18 months

RS 18,700

Data Science Certification Course Using R

Edureka

5 weeks

RS 22,409

Elements of Data Science

RICEx

6 months

RS 47,998

Business Analytics and Data Science Course

IMS Proschool Pvt. Ltd., Delhi

1-3 months

RS 50,000 to 1 lakh

Graduate Certificate Program in Data Science & Engineering (Big Data and Visual Analytics)

SP Jain School of Global Management, Mumbai

24 months

RS 5 lakh

Along with the above courses, students can also pursue a course on Big Data Analytics. It is also a part of Data Science. Big Data is now being used by almost every industry. In today’s scenario, it is very important for every organization to collect, preserve and analyse whatever data is being generated to avoid the fear of missing out on something important. Big Data Analytics has become crucial as it aids in improving business, decision makings and providing the biggest edge over the competitors. For professionals, who are skilled in Big Data Analytics, there is an ocean of opportunities out there. A study suggests that 77% of the companies and verticals across industries (including non-IT) are adapting to use Big Data. Thus many are recruiting data analysts and scientists.

Big Data Analytics Certifications

Various globally renowned organisations conduct courses on Big Data Analytics. These courses help a person to become successful in the field. A few of such certification courses are as follows:

  • Mining Massive Data Sets Graduate Certificate
  • Oracle Business Intelligence Certification
  • Data Science Council of America Certification
  • SAS Certified Data Scientist
  • EMC Data Science and Big Data Analytics Certification
  • Hortonworks Hadoop Certification
  • Microsoft’s MCSE: Data Management and Analytics

Data Analytics Syllabus

A data analytics course consists of the following topics: 

Syllabus of Data Analytics

Data Structures and Algorithms

Probability and Statistics

Relational Database Management Systems

Business Fundamentals

Text Analytics

Data Collection

Data Visualization

Statistical Analysis

Forecasting Analytics

Simulation

Machine Learning

Optimization

Marketing Analytics

Pricing Analytics

Social Network Analysis

Retail Analytics

Customer Analytics

Supply Chain Analytics

Some of the software tools taught in the course are:

R

@Risk

MySQL

Simio

Hadoop (AWS)

Tableau

Python

XLMiner

Stata

NodeXL- MeXL

Data Analytics & Data Science Job Profiles and Top Companies

Some of the areas where you can work as a data analyst include Data Assurance, Finance, Higher Education, Sales & Marketing, Business Intelligence and Data Quality.

For a Data Analyst, the daily grind includes, identifying areas where the company can improve efficiency; collecting data to extract resolution, applying tools and methods to audit the data, and create a blueprint of the solution and share it with the concerned people in a simple and understandable way, mainly through graphs, reports and charts.

Top Job Roles

Data Scientist: Data scientists clean and organise scientific data collected for a particular project with the help of programming languages like SAS, R and Python. They are required for the enormous amount of research and help app developers in creating data definition for a particular data, extract relevant data, create the blueprint and methodologies to be used. The starting salary of a Data Scientist in India is Rs 6 lakh and upwards.

Data Architect: Data Architects design the blueprint of the data science project to be undertaken by the company. This includes collating, organizing, centralizing, maintaining and protecting the source of data from all the data management systems and technologies used. In short, they are supposed to ensure the data is available, stable and secure. The starting salary of a Data Architect in India is Rs 18 lakh and upwards.

Data Engineer: Data engineers build algorithms, prototypes, and conceptual models according to the blueprint designed by data architects. Their main responsibility is to provide valid data to statisticians and data analysts for the analysis. The starting salary of a Data Engineer in India is Rs 5 lakh and upwards.

Data Analyst: As the name suggests, a Data Analyst is required to analyse the given data to extract important insights needed for a particular project. The job responsibility includes identifying trends and creating predictive models on the basis of data collected. He is also expected to present the data and inferences in a meaningful format like graphs, charts, reports, dashboards, etc. The starting salary of a Data Analyst in India is Rs 4 lakh and upwards.

Statistician: The Statistician collects, analyzes and interprets quantitative data with the help of theories and methodologies specific to statistics. Their job responsibility includes determining methods for collecting data and decide what data are needed to solve the given problems. The starting salary of a Statistician in India is Rs 4 lakh and upwards.

Database Administrator: The job of a database administrator (DBA) is to ensure that the database is secure, is available to all the concerned users and is performing properly at all times. The DBA uses specialised software to store and organise the data. The starting salary of a Database Administrator in India is Rs 4 lakh and upwards.

*The salary data is obtained from payscale.com

Read More: Advance Your Career Through Post Graduate Course in Data Science

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Data Analytics & Data Science Top Companies

In today’s world, Data Analytics is the need of the hour. If a business enterprise has to excel in its field, it has to take the help of data analysis and data science. With the help of data analytics companies can not only increase their revenue, expand the customer base, provide better customer satisfaction, cut cost, but also get an edge over their competitors.

Data Analysts are the most sought after skilled professionals in the current world, not only in the Information Technology industry but also in Finance, Insurance, Banking, Marketing & Sales, Consumer Goods, Electronics, Heavy Industries and all other sectors; as all of them require someone to do the number crunching for them.

Companies Hiring Data Analytics Graduates

Google

MachinePulse

The Smart Cube

Fractal

Amazon

Novartis

Fractal Analytics

JP Morgan Chase

Capital One

RBS

ICICI Bank

Flipkart

Kotak Mahindra

Accenture Consulting

KPMG

Yahoo

Twitter

Tumblr

Tredence

Cartesian Consulting

Quantium Analytics

Deloitte

HSBC

Credit Suisse

Barclays

Axis Bank

E-bay

Expedia

AT Kearney

CRISIL

Microsoft

LinkedIn

Mu Sigma

BRIDGEi2i

Flytxt

Tata iQ

Citi Bank

Deutsche Bank

Nomura

HDFC Bank

Yes Bank

Snapdeal

Make My Trip

E&Y

Walmart Labs

Facebook

Instagram

ZS Associates

Brillio

Bank of America

 

FAQs Regarding Data Analytics & Data Science

Which is better Data Science or Data Analytics?

Data analysis is good for the queries that need to be answered based on existing data. Data science concentrates more on the questions that should be asked to establish potential trends.

Is Data Science and Data Analytics the same?

No, Data Science and Data Analytics are different. While Data Science focuses on finding meaningful correlations between large datasets, Data Analytics is designed to uncover the specifics of extracted insights. In other words.

Is Data Analytics a part of Data Science?

Data Science is an umbrella that encompasses Data Analytics and Big Data. Data Analytics is a branch of Data Science that focuses on more specific answers to the questions that Data Science brings forth.

Can a Data Analyst become a Data Scientist?

Data Analyst and Data Scientist share a similar background. Both course help students get a thorough knowledge of Mathematics and statistical analysis, but a data scientist has skills for better more modelling and prediction. Data Analyst can become Data Scientist by pursuing the relevant course.

Is Data Analytics in demand?

Yes, Data Analytics is undoubtedly in demand as 96% of the companies are planning to hire Data Analysts. It is estimated that the data analyst will be one of the most in-demand jobs by 2022.

What is the eligibility criteria for Data Analytics?

It depends on the level of the course a candidate is opting for. The minimum eligibility criteria is a Class 12 pass certificate.

How much does the average Data Analyst make?

An average Data Analyst earns approximately Rs 4.1 lakh annually as a fresher. The salary varies with skills, company & location, and grows with experience in the field.

Is Data Science in demand?

Yes, Data Science is in great demand. It is estimated that Data Scientists’ demand is 26% higher as compared to an average software engineer in India.

What is the average salary of a Data Scientist in India?

According to PayScale.com, the average salary for a data scientist (fresher) in India is Rs 8 lakh per annum in 2020. The salary varies with skills, company & location, and grows with experience in the field.

Which is the best institute to pursue a Data Science course?

IIIT Bangalore, in collaboration with UpGrad, offers Post Graduate Diploma in Data Science at a cost of INR 2.25 Lakhs for a duration of 11 months.

What are the best sites to learn Data Science?

Coursera, Udemy, edX, Google are some of the best sites to learn about Data Science.

Popular Data Analytics Colleges in India

Following are the most popular Data Analytics Colleges in India. Learn more about these Data Analytics colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
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₹ 10.8 L
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₹ 5.7 LPA
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₹ 2.21 - 3.5 LPA
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3 Courses
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₹ 11.7 K - 50.29 K
₹ 1.44 LPA
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₹ 16.29 L
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Application Closing on 7th Feb 2021 | Ranked Consistently among Top 20 Mgmt. Institutes

Popular Private Data Analytics Colleges in India

1 Course
₹ 10.85 L
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₹ 2.87 L
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New Delhi YMCA

New Delhi YMCA

Connaught Place, Delhi
4.4
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₹ 25 K
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Apply Now
IT & Software Applications Open till 15-06-2021 - Apply Now  and get Rs 250 Paytm Cashback
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₹ 1.66 L
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1 Course
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₹ 3.22 L
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₹ 2.62 L - 8.24 L
₹ 2.21 - 3.5 LPA
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Popular Data Analytics UG Courses in India

Following are the most popular Data Analytics UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Data Analytics PG Courses in India

Following are the most popular Data Analytics PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Comments

N

Nikil s

2021-05-03 11:07:39

M.Sc. In Data analytics or MBA in analytics, which one should I pursue after my BBA (analytics) graduation to bag a Business Analyst job?

Reply to Nikil s

D

Dinesh upadhyay

Guide-Level 12

2 weeks ago

MBA in business analytics from IIT Delhi, IIM, NIT, ISB Hyderabad, Symbiosis would be more job oriented & make one preparenfor managerial role. Whereas an M.Sc. In Data Analytics make skilled in data domain. Both are equally demanding & paying. So, I suggest MBA in business analyt...MBA in business analytics from IIT Delhi, IIM, NIT, ISB Hyderabad, Symbiosis would be more job oriented & make one preparenfor managerial role. Whereas an M.Sc. In Data Analytics make skilled in data domain. Both are equally demanding & paying. So, I suggest MBA in business analytics from reputed b school. Later on you can distance Diploma courses in data Science from IIIT B, IIT Madras etc.

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