In a tech-driven world, data analyst and business analyst jobs are high in demand.
Tech companies require both a data analyst and business analyst to drive a data-driven decision that is highly effective and serves its 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 data. This article on data analyst vs business analyst will help you pick the career that will better suit your interests.
Data Analytics vs. Business Analytics
Data analytics involves analyzing datasets to uncover trends and insights that are subsequently used to make informed organizational decisions. Business analytics is focused on analyzing various types of information to make practical, data-driven business decisions, and implementing changes based on those decisions. Business analytics often uses insights drawn from data analysis to identify problems and find solutions.
Business analyst: A business analyst is a person who analyzes and documents the market environment, processes, or systems of businesses. 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, cleans, and interprets data sets in order 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 gather, clean, 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 plot the best course of action. Common tasks for a data analyst might include:
- Working with business leaders and stakeholders to define a problem or business need
- Identifying and sourcing data
- Cleaning and preparing data for analysis
- Analyzing data for patterns and trends
- Visualizing data to make it easier to understand
- Presenting 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:
- Evaluating a company’s current functions and IT structures
- Reviewing processes and interviewing team members to identify areas for improvement
- Presenting findings and recommendations to management and other key stakeholders
- Creating visuals and financial models to support business decisions
- Training and coaching staff in new systems
A career between a business analyst and a data analyst
When people from a business background 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 datasets. Therefore, without a strong background in data, it will be hectic for aspirants to identify trends, make charts, and create visual presentations for business.
Besides having a common interest in data, business analysts love to work in the corporate world. Even though their key task is to provide data-driven decisions, business analysts are often seen as troubleshooters who shield the company at critical times. On the other hand, data analysts are people obsessed with statistics and programming. As a gatekeeper for business data, they are attested to extract data points from complex and disparate sources.
Data Analyst vs Business Analyst: Salary Comparison
You must have pondered over the question: A data analyst vs business analyst, which is better in terms of salary? The average data analyst’s salary could go up to US$72,250 per year. It also depends on the company, job role, and geographical location matters.
A business analyst’s salary is typically higher, averaging US$78,500/year. Again, the candidate’s skillset, profile, company brand, and location factor in. More qualified can hold senior positions with salaries up to US$110,000/year. Therefore, a data analyst vs business analyst’s pay is variable.
In conclusion, many other roles including business analyst and data analyst emerged. When the amount of data and the business needs to be intensified, it created a void between a business analyst vs data analyst. Therefore, we took you through the basics of both the career opportunities and help you choose one.
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