Home to a thriving business sector, Pune hosts thousands of startups, SMEs, and global enterprises across different industries. These organizations demand a constant talent supply to tap into diverse business opportunities and resolve challenges.
The talent needs vary with the industry. However, almost every company, particularly those that understand the significance of data, needs data analysts. As a novice or an existing professional looking to pursue a data analytics course in Pune, you must be wondering about the scope of working as a data analyst in Pune. So, let’s look at it.
Data Analytics – What is it and why is it Significant in the Modern Business World?
Lately, data has become more valuable than gold. Many people consider it the new oil as well, given the insights you derive from it and the business growth it fuels. Data analytics precisely steps in here. It involves examining, cleansing, transforming, and interpreting data to discover valuable insights, trends, and patterns.
Data analytics involves various statistical and computational techniques to derive useful information from massive datasets. The insights received from the analytical process help companies make informed decisions, identify opportunities, make predictions, and optimize the operations of various business areas.
Data analysts, who perform data analytics, play a crucial role in the above process. But what do these professionals do and what are their responsibilities?
What Does a Data Analyst Do?
Here’s what data analysts typically do, although their significance, particularly considering the value they deliver, goes beyond their usual call of duty.
- Gather and collect data from different sources like spreadsheets, databases, and external datasets to ensure accurate and comprehensive data.
- Clean the data and preprocess it to address inconsistencies.
- Use various statistical and data analysis techniques to interpret data, identify trends, recognize patterns, and draw useful inferences from it.
- Visualize data via graphs, dashboards, charts, etc., to present insights in an easily comprehensible way to all the stakeholders.
- Generate regular or ad-hoc reports based on analytics.
- Deliver actionable recommendations that aid the decision-making process.
- Build and maintain various data models like clustering models, regression models, or ML models to make predictions or address business concerns.
Fulfilling the above responsibilities requires data analytics to have a certain level of qualification and key skills. Let’s look at them.
Qualifications and Key Skills of a Data Analyst
A data analyst’s role is crucial in every organization, considering the insights they help derive and the sequence of actions that take place thereafter. If you are seriously considering taking up a data analyst course in Hyderabad, Pune, or anywhere else, you must have the following qualifications and key skills.
- Graduation in Statistics, Economics, IT, Mathematics, or Computer Science
- Post-graduation in Business Analytics, Data Science, or related fields
- Certificate in Tableau, or MS Excel, programming languages like Python, and R
- Comprehensive data analytics course
Read Full Blog – How Much Coding is Required for a Data Analyst?
Industry-Based Scope of Data Analytics in Pune
Data is vital for every industry. Hence, each one requires data analysts. Here’s an industry-oriented view into the scope of a data analyst career in Pune.
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Retail
Pune is a thriving market for the retail sector. The city has hundreds of retail brands operating across various parts of the city. The highly competitive sector requires data analysts for different tasks. Some of them include understanding customer behavior, optimizing inventory and supply chains, improving sales strategies, analyzing buying patterns, personalizing marketing efforts, forecasting demand and trends, and understanding the market situation
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Education
Pune is known for its education quality and the many educational institutions it is home to. Given the competition, these institutions need data analysts to analyze student performance, determine course improvements, assess the institution’s marketing efforts and performance, examine the number of leads generated, analyze enrolments, and optimize administrative and operational efficiency.
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Healthcare
The city has a developed healthcare infrastructure with many domestic and global brands operating centers in the city. Pune’s growing healthcare demands need the sector’s players to be competitive. It is possible through a robust data analytics ecosystem. Data analysts help analyze patient data to identify disease trends, examine treatment outcomes, analyze administrative data to enhance operational effectiveness, improve patient care, and make informed decisions.
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Manufacturing
Pune is equally reputed for being a manufacturing hub. It has a massive manufacturing sector contributing significantly to the country’s economy. As the city’s manufacturers are now broadening their horizons and eyeing global projects, they need to be competitive enough. Data analysts play a critical role by helping manufacturers leverage data analytics and use it for various tasks. These include but aren’t limited to analyzing production patterns, optimizing inventory levels, assessing planning efficiency, understanding market trends, monitoring production data in real-time, identifying quality assurance gaps, forecasting demand, and much more.
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BFSI
BFSI is another burgeoning sector in Pune. It requires financial data analysts who cover various areas with their analytical capabilities. These include risk management, financial forecasting, fraud detection, market trends analysis, customer data assessment, financial record evaluation, and more.
Of course, the list doesn’t end with the above. It also includes sectors like real estate, advertising, technology, interior design and architecture, logistics, etc., as Pune is a hotbed of opportunities across these domains as well.
Final Thoughts
Data analytics isn’t merely a job but a comprehensive career option. It is also because the need for data analytics will only grow in the future. In an ever-growing business market like Pune, startups, SMEs, SMBs, and global enterprises will continue requiring qualified data analysts.
Becoming one is possible with Ethan’s Tech. We are a trusted institute for a data analytics course in Pune. Our key features include a comprehensive and continuously updated curriculum, emphasis on practical training, learning under expert data analysts, and placement assistance to help you kickstart your career. Call us at +91 95133 92223 to explore our courses and pedagogy.
