The positions of data scientists and data analysts were ranked first for rising demand across industries in the World Economic Forum’s Future of Jobs Report 2020 and were closely followed by big data and AI professionals. If you’re interested in a job working with data, statistics, and numbers in general, you might want to consider either becoming a data analyst or a data scientist.
Do you know how they differ, though? Two of the most sought-after, well-paying careers in 2021 are data analysts and data scientists. In this post, we’ll examine the variations and trajectories for each field – data scientist vs data analyst.
Difference Between Data Analyst And Data Scientist: What Do They Do?
A data analyst basically aids the company in decision-making by gathering information and spotting various trends in it. The main purpose of data analysis is to provide analysis in statistical form that provides solutions to various issues and queries.
A data analyst makes queries to relational databases using techniques like SQL. Working to identify informational needs, gathering data from sources, data cleaning and reorganizing for analysis, and examining data sets that can be translated into useful insights are some typical tasks for a data analyst.
On the other hand, data scientist will often be more involved in developing algorithms, prediction models, and data modeling workflows. Creating tools, automation systems, and data frameworks might be some ways in which data scientists devote most of their time.
Additionally, frequently cope with the uncertainty by employing more sophisticated data approaches to generate future forecasts. This position is typically viewed as an improved version of a data analyst.
You are now prepared to understand the distinction between a data scientist and an analyst after learning about their respective fields of expertise and effective insights. A data scientist may design how data is stored, handled, and analyzed, but a data analyst may spend more time on routine analysis and produce reports regularly.
An analyst often concentrates on providing detailed answers regarding the company’s operations. To create innovative approaches for posing and responding to significant problems, a data scientist may operate at a more macro level.
Data science vs Data analysis: Work and Education
A bachelor’s degree in the fields like mathematics, statistics, computer science, or finance is typically needed for data analyst positions. More often, Data scientists hold a master’s or doctoral degree in data science, information technology, mathematics, or statistics, as do many advanced data analysts.
Even though a degree has historically been the primary entry point for a job in data, new opportunities are increasingly becoming available for those without a degree or prior experience. By earning a Professional Certificate in data analytics from Google or IBM, you can acquire the knowledge necessary for entry-level employment as a data analyst in less than six months of study.
Here are some of the typical job skills of data analysts and data scientists so you can better grasp the distinctions between them. So, the skill portion is now coming! When it comes to mathematics, data scientists work with advanced statistics and predictive analytics, whereas data analysts focus on basic arithmetic and statistics. Programming is one of the most important aspects of both career choices. Data analysts employ the fundamentals of R, Python, and SQL to analyze the given data, while data scientists apply sophisticated OOPs.
SQL, Business Intelligence, SAS, and Advanced Excel abilities are typically utilized in data analysis, whereas languages like Python, R, Java, Scala, and Matlab are frequently employed by data scientists along with an understanding of economics, and big data, and—most importantly—machine learning.
Data science vs Data analysis: Salary comparison
On the American website Glassdoor, present and former employees can post anonymous company reviews. Additionally, Glassdoor’s platform enables users to look for and apply for jobs as well as submit and view salaries anonymously.
A data analyst in the US makes close to $70,000 per year, while a data scientist makes an average of $100,000 per year, according to Glassdoor. According to Glassdoor, the average compensation for a data analyst in India is 6 lac rupees per year, and the average salary for a data scientist is 9 lac rupees per year.
It is preferable to take on an entry-level data analyst position if you wish to begin a career in analytics. This will enable you to gain experience using actual company data to generate insights. To query databases, create reports using BI tools, and evaluate crucial data, you will make use of your current expertise.
Nearly every industry – including healthcare, e-commerce, manufacturing, logistics, and others – uses data science. Data scientists are in short supply internationally, and businesses are looking for experts who can use data to drive important decisions and corporate growth. Companies recognize a lack of qualified data scientists for this position, making it difficult for them to create the algorithms and predictive models. Hopefully, this article would have helped to clean any confusion regarding the two highly sought-after professions today.