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Making sense of ever-growing troves of data that businesses glean daily is a complex task. It requires understanding and skills of data mining, data visualization, and programming languages to derive meaningful business value. This is where the role of Data Analytics comes in, identifying, extracting, and assessing patterns in data. Since the world of data is relentlessly soaring, the demand for skilled data analytics professionals outweighs the supply. This means that organizations are willing to invest more in this domain to fill their open job positions.
Here is the look at the top 10 highest-paying data analytics jobs in 2020.
Data architects are the ones who create blueprints for data management systems. They build and maintain a company's database by identifying structural and installation solutions. Further, they also work with database administrators and analysts to secure easy access to the company data. Data architectures provide data services for enterprise information strategy solutions and focus on improving data quality, accessibility, and security. The average salary of a Data Architect in India is INR 17,85,898.
A data and analytics manager coordinates various tasks completed by their team for a big data project. He/she communicates with managers in different departments in a company to strategize and align goals. Unlike other roles in the data science team, data and analytics engineers must have exceptional business and interpersonal skills, with technical skills like programming languages; Database systems of SQL and NoSQL; Data analytics and data visualization tools; Machine learning; and understanding of cloud platforms, such as Azure, IBM, and Google. The average salary of a Data and Analytics Manager is INR 11,48,727
The data scientist is one of the most in-demand career options in the data arena. Data scientists collect and analyze data and excerpt actionable insights. They help identify trends with machine learning, make predictions based on data trends, and write codes for the assistance of data analysis. They also require to have strong mathematical, statistical and programming skills. The average salary of a Data Scientist is INR 9,55,775.
Data engineers are responsible for developing and maintaining scalable data pipelines and building new API integrations to support continuing increases in data volume and complexity. Their roles are as versatile as the project requires them to be. A data engineer also works closely with a team of frontend and backend engineers, product managers, and analysts and defines a company data asset, spark, sparkSQL, and hiveSQL jobs to populate data models. The average salary for a Data Engineer is ₹7,85,433.
Like other job roles, data analytics consultants use data sets and models to derive meaningful insights and solve problems. A data analyst consultant must have skills like data visualization, Microsoft Excel, R, SQL, and more. With a little experience, education, and know-how, candidates pursuing to become a data analyst consultant can establish their footprint in the world of analytics. The average salary of a Data Analytics Consultant is INR 7,86,071.
Machine Learning Engineer designs and develops machine learning and deep learning systems. He/she runs machine learning tests and experiments and implements appropriate ML algorithms. They are responsible for studying and converting data science prototypes, performing statistical analysis and fine-tuning models using test results, training and re-training ML systems and models, extending and enriching existing ML frameworks and libraries, and more. The average salary of a Machine Learning Engineer is INR 7,68,375.
A Database administrator is responsible for evaluating database software purchases; supervision of modifications to any existing database software to meet the needs of their employer; maintaining the integrity and performance of company databases, and ensuring the security of his/her company data. Knowing database structure and theory, experience with MySQL and MSSQL, is a basic understanding of disaster recovery and database backup procedures, and familiarity with reporting tools would be beneficial. In India, the average salary if a Database Administrator is INR 6,86,105.
Business analysts are slightly different from other data science jobs. They analyze the enterprise and design organizations and assess the business models and their association with technology. While they require a good understanding of how data-oriented technologies work and how to handle large amounts of data, they also bifurcate the high-value data from the low-value data. Since business analysts act as a bridge between the data engineers and the management executives, they should have an understanding of business finances and business intelligence as well as IT technologies such as data modeling, data visualization tools, and more. The average salary of a Business Analyst is INR 6,00,000
Statisticians are professionals who apply statistical methods and models to real-world problems. They glean, assess, and interpret data to aid in many business decision-making processes. They also identify trends and relationships in data, design processes for data collection, and communicate findings to stakeholders. Statisticians must be experts in statistical analysis and have a keen eye for detecting patterns and anomalies in data. With showing expertise in mathematics and statistics, they also require strong communication skills to effectively communicate the findings of their analysis with others in their organization. The average salary of a statistician is INR 5,18,935.
Data Analysts often make recommendations about the methods and ways in which a company obtains and analyses data to improve the quality and efficiency of data systems. They interpret data and turn it into information that can offer ways to improve business and business decisions. A data analyst collects information from various sources and interprets patterns and trends. Once data collected, he/she reports the results back to the germane members of the business. Typically, data analytics work alongside teams within the business or the management team to establish business needs. These positions are challenging and rewarding, with the average salary for a Data Analyst of INR 5,06,078.
