In a technology-driven world, data analyst and business analyst jobs are in high demand.
Technology companies require both a data analyst and a business analyst to drive a data-driven decision that is highly effective and serves their customers. But there is often confusion when it comes to the differences between business analysts and data analysts. The business analyst profession is more involved in addressing business needs with the help of company data. Whereas, the role of a data analyst is focused on the data. This article on data analyst versus business analyst will help you choose the career that best suits your interests.
Data analytics vs. business analytics
Data analytics involves analyzing data sets to uncover trends and insights that are later used to make informed organizational decisions. Business analytics focuses on analyzing various types of information to make actionable data-driven business decisions and implement changes based on those decisions. Business analytics often uses insights gleaned from data analysis to identify problems and find solutions.
Business Analyst – A business analyst is a person who analyzes and documents the market environment, business processes or systems. A business analyst identifies business areas that can be improved to increase efficiency and strengthen business processes. They often work closely with others throughout the business hierarchy to communicate their findings and help implement changes.
Data Analyst – A data analyst collects, cleanses, and interprets data sets to answer a question or solve a problem. They can work in many industries, including business, finance, criminal justice, science, medicine, and government.
What do data analysts do?
Data analysts collect, cleanse, analyze, visualize, and present existing data to help inform business decisions. An effective data analyst uses data to answer a question and empower decision makers to chart the best course of action. Common tasks for a data analyst may include:
- Work with business leaders and stakeholders to define a business problem or need
- Identify and get data
- Data cleaning and preparation for analysis.
- Data analysis looking for patterns and trends.
- Data visualization to make it easier to understand
- Present data in such a way that it tells a compelling story
What do business analysts do?
Business analysts help identify problems, opportunities, and solutions for their organizations. They do this by:
- Assess a company’s current IT functions and structures
- Review processes and interview team members to identify areas for improvement
- Present findings and recommendations to management and other key stakeholders
- Creation of financial images and models to support business decisions.
- Education and training of staff in the new systems
A race between a business analyst and a data analyst
When people with business backgrounds or more or less qualified to take up a business analyst career, it is different for data analysts. Data analysts have to work with big data, which consists of large data sets. Therefore, without a strong background in data, it will be busy for aspirants to identify trends, make charts, and create visual presentations for business.
In addition to having a common interest in data, business analysts love working in the corporate world. Although their key task is to provide data-driven decisions, business analysts are often seen as problem solvers who protect the business at critical moments. On the other hand, data analysts are people obsessed with statistics and programming. As custodians of business data, they are certified to extract data points from complex and disparate sources.
Data Analyst vs Business Analyst: Salary Comparison
You must have asked yourself the question: Data Analyst vs Business Analyst, which is better in terms of salary? The average salary for a data analyst could be as high as $72,250 per year. It also depends on the company, the job title and the geographical location.
The salary for a business analyst is typically higher, averaging $78,500/year. Again, the candidate’s skill set, profile, company brand, and location all factor in. More qualified can fill senior positions with salaries of up to US$110,000/year. Therefore, the salary of a data analyst vs. a business analyst is variable.
In conclusion, many other roles emerged, including business analyst and data analyst. When the amount of data and the business need to intensify, a gap has been created between a business analyst and a data analyst. Therefore, we guide you through the basics of career opportunities and help you choose one.
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