We hear more often about the importance of data in the contemporary world. Data is considered a new oil in the modern world. Many people are aware of ‘What is data?’ but don’t seem familiar with all aspects of it. Data, in general, is usually determined as some kind of information stored in a particular manner. Data exists in all fields. It can be any word written in a document, any kind of note, and even the thoughts inside a person’s mind. While in computer science, data is like a soul, and it’s a significant component in the creation of software along with programs. In computing, data is any kind of information stored on a device. It can be calculations, statistics, or any other form that can be used for reasoning.
Current Challenges with Data
As the technology has moved into its exceeding generation, volume and variety of data are extended. Apart from orderly numerical formats, data now includes videos, audio, pictures, texts, activity logs, and much more commonly referred to as unstructured data. As the data types increase, data manipulation is a difficult task for the older systems or technologies. Furthermore, big organizations, tech companies, banks, large corporations, governmental agencies, and other private NGOs gather large amounts of data from various sources that need to be processed effectively in the least possible time.
A Big Data framework is developed to handle the volume and variety of data to help organizations. The framework includes specific tools like Apache Hadoop, Apache Spark, Apache Cassandra, MongoDB, etc., for analyzing each aspect of data. Each tool is quite helpful for manipulating sizeable complex data sets swiftly and efficiently.
Data analysis can be broadly classified into two categories, as stated below.
- Qualitative Analysis
- Quantitative Analysis
Let’s have a brief look at each one of them.
● Qualitative Analysis
Qualitative analysis is more aligned to abstract analysis as data classified under this category contains portrayals, pictures, words, sounds, and sometimes objects. Data is not structured, cannot be converted to numbers, and requires manual observations to identify meaningful insights. It is quite tricky, needs in-depth experience and a keen sense of judgment to analyze such data. Exploratory researchers generally use this type of analysis.
● Quantitative Analysis
Quantitative analysis is suitable for the data that can be transformed into numbers without changing the original composition and meaning. The quantitative analysis process broadly consists of three phases needed to fulfill the conditions to convert data into numbers, and they are listed as follows:-
- Data Validation
- Data Editing
- Data Coding
The original data, information, or content goes through these phases to be eligible for quantitative analysis.
Top reasons for opting data related career
Data analytics and data experts are required in almost all sectors that need data processing. There are numerous reasons to become a data expert. Some of the critical applications to give one a sense of the importance of data experts are listed below.
- Data experts were primarily used in the financial sector to detect frauds in the initial phases, but as time changed, it became a standard security process in each industry.
- Search engines nowadays use the potential of data experts and data analytics. Almost every search engine uses data analytics to give a desired product to the user.
- Data experts work in healthcare sectors for developing virtual assistants to take care of the patients. Data analytics is also used for the creation of genetics, genomics.
Top Jobs Associated with Data
Data-related jobs are in great demand nowadays and are creating hype in the world. There is a high number of engagements in the field. Interests are shown by different age groups, especially the youth under 30 years of age. There are numerous employment opportunities in the stream. Here are some of the leading Jobs associated with data and its analysis.
Data Scientist is the Job that creates huge domination in a person’s ‘TO BE WISHLIST’. It is in great hype and is getting chosen by most of the graduates in the stream. A data scientist identifies important queries and problems, researches the particular problem, collects relevant data from various sources, reads all of them, and finally gets to the execution of the problem that positively affects the business.
Businesses Impact ANALYSIS (BIA)
Business Impact Analysis (BIA) is a huge investment for an organization, and it is an asset for the company as it prevents losses. A Business Impact Analyst predicts the future losses and potential problems a company will face by thoroughly describing its past and present. The prediction is made with all historical data, and measures are taken against that problem to prevent it from happening.
A database developer is a simple yet essential job under the data science stream. A database developer manages and improves the database, which helps in its usage and saves time.
It is closely related to the database developer role. A database administrator keeps records secure, safe, and their primary responsibility is to prevent data from danger such as hacking, malware, trojans, and similar threats.
Data Analytics Manager
Nowadays, most companies have hired a data analytics manager to gather all the information in content or data provided by the executives to present and explain it in an easy-to-understand way.
Data is very critical for all organizations working in various sectors. Organizations are constantly looking for highly skilled and certified data experts in multiple capacities. There is tremendous scope in this space worldwide, and it will continue to grow in the upcoming decades. High-paying and highly valued job roles are available in prominent organizations waiting for suitable candidates. One can begin their journey by opting for a good training course if unsure about the direction and start working in any positions that interest them. Data-related jobs provide flexibility of work from home, and one can work from anywhere in the world while being close to their loved ones. The field is getting more and more attention from the people, especially the youth. The branch gives out employment which would take you to millions. So what are you waiting for? Get enrolled