Data is something that literally everyone needs. Every business that we see today runs and makes decisions on the basis of data. Today, we both are going to evaluate the job of Data Analysis and the effect of Covid 19 on the job. If you are someone who loves data and wants to get a job in this particular sector, keep reading.
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Covid 19 Pandemic
Covid-19 is one of the pandemics that forces us to leave our loved ones behind and move forward with death threats coming at us. What once started in China as a viral disease which could have been protected turned into a pandemic of more than two years.
No fact or myth can give us an answer to what the pandemic was all about and how it started. We all consider covid-19 a virus but many people still believe that it is just a bacteria. Facts tell us that it is a virus that was caused due to the negligence of a Chinese lab, in Wuhan, that did research on bats.
Covid-19 has now been going on for 2 years now. The news about the third and the most deadly wave of the pandemic has already threatened us. Most of us has now lost our jobs and the ones that are still holding onto their job are also prone to living it because of the third wave. So, we will now understand the effect of Covid 19 on the job sector and the data analysis industry specifically.
Effect on Job Sector
Employment is not been growing despite the constant efforts of the Government and the private sector. Many businesses have opened up during the pandemic but still, employment has not yet increased. A child who was first given a placement on the basis of internships is sitting idle at home like the same person who lost his/her job due to covid-19. Inequality and poverty have drastically increased after the huge employment depression.
Regular salaried job workers who claim to have security in their hands lost all of their savings as well as confidence. Everyone is at home and speaking work whereas because many businesses have now gone digital they don’t need that many employees. This pandemic did come as a huge Revolution for the Internet and digital media but became a bane for employment seekers and workers. Because everyone was at home, the expenses rose drastically that at this point in time 90% of people do not have savings.
Do you love data? If you are here it tells me that you want to know what data analysis is and if covid-19 has impacted this job sector. Data analysis is a simple but definite step that anyone who wants success in their business needs. Data analysis is the process through which you transform data into an understandable format so that anyone reading the analysis can get to a concrete conclusion regarding the data. It is a process that helps anyone make a decision based upon the fat presented to them. Because not give you second chances, you make decisions that are not impulsive and sudden.
So, when you analyze data on a particular subject, you are actually deriving a conclusion that will help you make an informed decision. If you love data and you want to make running out of it there are four main types of analysis that you can do and earn well from it. The different types of analysis are descriptive, predictive, diagnostic, and prescriptive. Let us know in the comments section below if you would like us to dedicate an article on these particular analysis types.
Government’s Take on Data Analysis
Because there is an obvious demand of data analyst in the market, it is fair to think if government hire data analyst or not. If we talk about the Indian Government, they do not come upon video and let you know that they need a data analyst. It is very hard to figure out if Government supports, needs, or hires analysts. So in this section of the article, we will take a deep dive into the minds of the Government and their approach towards that analysis.
The short answer to your queries regarding this issue is yes! Government is in charge of handling the life of trillions of people. It is fair to think that one bad decision can ruin the lifestyle of at least 30% of the people. This is exactly why the government not only supports but also hires data experts. Every decision and every law is passed after Consulting data export that drives conclusions for the government on behalf of the people.
You, as a data analyst, will be approached with the relevant data and be asked to draw relevant conclusions and a precise document in which you will clearly Let the government know if taking a particular decision for that particular goal is advisable or not. Government appreciates data analysis job as well as pay really well for it. Because the life of million people depends upon you, the government does not hesitate and pays you around ₹4,00,000 per year.
Future of Data Analysis
Today, we use data analysis for everything. Even if we have to buy a house item, we try to draw a comparison and derive a conclusion based on the reviews. In this case, reviews act as data for the buyer. Now that we are excessively using data and analyzing it for every little aspect of our life, let’s look at the future of data analysis and if it is something that people we need in the future as well.
The data analysis industry will be going through a massive change in the coming years. With an increase in data-driven projects, there is going to be a massive demand for data analysts as well. Without data analysis, many things will not be possible. To make thanks turn from impossible to possible we need data-driven basics in place. Because there is a larger growth in business and entrepreneurship, many people prefer that over the data analysis industry. But we are forgetting that businesses will also run on the basis of numbers and data provided by data analysts.
Artificial intelligence will be the next part of the growth of the world. There is not a definite possibility when it comes to Artificial Intelligence and because of the same reason, we need a lot of data to back up the research. Also, after the research analysis would have to be done to derive explainable conclusions. You can click here to know the five predictions made for the Data Analysis industry. Now that we have looked at the future of artificial intelligence Let’s see if covid-19 had any impact on this industry. We will also explore the possibilities of getting a job in this industry.
Covid 19 impact on Data Analytics
So now that you have every information at your fingertips, you can go and get yourself a job. Remember that every industry needs a data analyst. With every data, there is a key takeaway and you have the knowledge to find it. Covid 19 was definitely hard, but the job search for being a data analyst is not. Business and financial planning of everyone went down the drain after the Covid-19 outbreak. While other industries were getting affected by covid-19, data analysis was a growing industry because the government wanted data analyst contribution and form policies for the benefit of every human being.
According to Thomas Davenport “It’s hard to get good data about the future, so we have to use data from the past, and if the past is no longer a guide to the future, we’re going to have a tough time doing any sort of predictive analytics.” If we talk about the types of data analysis, descriptive analytics are the ones that are booming right now.
This type of analysis not only tells about the future but also connects the past and the present. Business owners and entrepreneurs are now looking for ways to convert non-buyers of their products into customers. They want to know what is going on in the outside world and why these people are not buying the product. So, data analysis is not going anywhere. This is a booming industry and you can be a part of it as well. Despite Covid-19, getting jobs here will not be a difficult task either.
Hope you got great insights after reading our article. Do let us know if we missed any point or if there is anything you want to write about.