Data analytics is a familiar term in the 21st century. This article serves as an all-inclusive guide to data analytics. This terminology is highly demanded nowadays. This read is an excellent start if you want to pursue data analytics. For all beginners who are data enthusiasts, this informative guide will help you embark on a fulfilling career in data analytics. In this article, you will learn everything about the Data Analytics Courses in Goa and how to start a career as a Data Analyst, and its market growth in the future.
What is Data Analytics?
Every day, businesses produce massive amounts of data through diverse channels such as log files, transactional data, web servers, and customer information. Furthermore, social media platforms also contribute significantly to accumulating vast amounts of data. For businesses to make informed and effective decisions, they must utilize all data that is produced. This can be achieved through the application of data analytics.
Analyzing vast data sets to uncover secret patterns, and undetected trends, establish relationships, and draw important predictions for business purposes is known as data analytics. It aids in enhancing the rate and effectiveness of your company. This article will guide you through all the possible information about the best Data Analytics Courses In Goa.
Ways to Apply Data Analytics:
Let’s have a look at the ways that we can apply Data Analytics.
- Decision-making Role: Data analytics plays a critical role in decision-making. It eradicates the need for guesswork and manual tasks, thereby enabling organizations to plan effective marketing campaigns, develop products and choose the right content. These valuable insights from data analytics empower leaders to make familiar decisions, which lead to better outcomes and satisfied customers.
- Enhanced Customer Care: Data analytics in customer service refers to gathering and testing customer data.
- Effective Execution: Data analytics can enhance the efficiency of your operations, leading to cost savings and increased production. To gain a better understanding of your audience’s preferences, you can reduce the time and effort invested in creating advertising and content that fails to resonate with them.
- Marketing Tool: Marketing tools are used by the business to track the marketing activities, understand customers and look at the result of their marketing efforts.
Types Of Data Analytics:
Now, it’s time to explore deeper and analyze how these four types of data analytics can aid your team.
- Descriptive Data Analytics:
Descriptive Analytics is a fundamental and introductory level of investigation that observes past occurrences. The primary approaches utilized in this type of examination are data collection and data exploration. The analyst initially acquires data and creates a concise representation of it, subsequently analyzing it for identifying patterns. Descriptive analytics aims to provide an overview, description, and comprehension of data patterns, trends, and distributions.
Advantages of Descriptive Analytics:
- Overview of Data: Descriptive Analytics is used to summarise the overall and complex data into an accessible understanding of data.
- Understanding data design: Descriptive Analytics helps the corporation to quickly understand the design and trends of the data.
- Determining defects: Descriptive Analytics can help the corporation to identify the error in the data.
- Historic view: Descriptive Analytics helps the corporation to understand the evolution of its business with the help of a historical view of data.
- Diagnostic Data Analytics:
Diagnostic analytics are frequently utilized alongside descriptive analytics to yield an inclusive understanding of a given circumstance or matter. Descriptive analytics concisely recount past events, whereas diagnostic analytics aid us in comprehending the fundamental cause behind such behaviors.
Advantages of Diagnostic Data Analytics:
- Identifying the reason behind a problem: This strategy in Diagnostic Data Analytics aims to achieve the reason behind every problem faced by the corporation with their data. By using this approach one can analyze the data to identify patterns of how the problem occurs.
- Benefits for overall Business: Diagnostic Analysis can be used to solve issues in Business, which includes solving issues, optimization, fraud diagnosis, and root cause analysis. Root cause analysis is an important part of the Diagnostic analysis to identify the production or operational issue in every Business.
- Predictive Data Analytics:
As the name suggests Predictive Analytics is used to predict what is going to happen in the future in Business. Predictive analytics predicts the probability of future output based on the past data of the business, though it may not be a completely accurate output but it does terminate the false decision. This analytics helps the organization to take an effective decision against a risk opportunity.
Advantages of Predictive Data Analytics:
- Retail Business: Predictive Analytics apply statistical algorithms and machine learning methods to predict the future sales of a Business. It helps to improve inventory sales and supply chain management.
- Health Care: Predictive analysis can be used in the Health care industry to identify the future demand for medical services. It benefits the patient in a way with the best health care plan. It uses the patient’s historic data and highlights the at-risk patients who have chronic conditions.
- Manufacturing: Manufacturers use predictive analytics to determine the likelihood of machine failure when to put schedule their maintenance so that they plan the production pipeline without any issues.
- Prescriptive Data Analytics:
Prescriptive analytics goes beyond predictive analytics by offering actionable recommendations and suggestions, taking the predictions made into account. By integrating predictive analytics, with optimization techniques this tool empowers organizations to make well-informed choices and implement proactive strategies in order to enhance results.
Advantages of Prescriptive Data Analytics:
- Decision Optimization: Prescriptive analytics takes advantage of mathematical algorithms and optimization methods to uncover the most ideal resolutions within a specific set of circumstances and limitations.
- Real-time Analysis: This advanced branch swiftly adapts to the ever-changing data landscape, constantly offering updated suggestions and timely recommendations.
- Dynamic Visualisations: The act of employing interactive, dynamic visual representations to convey the findings and suggestions derived from data is known as prescriptive analytics.
- Customer Service: By utilizing demographic, geographic, or behavioral traits, prescriptive analytics empowers businesses with enhanced insights into their customer base.
Lifecycle of Data Analytics:
There are five steps involved in the Data Analytics lifecycle. Let’s have a look at them one by one.
- Understand the problem: The initial stage of the analytics process involves comprehending the challenges faced by businesses, establishing the objectives of the organization, and devising a profitable remedy. In e-commerce, various problems occur, including anticipating item returns, managing order cancellations, detecting fraudulent activities, and enhancing vehicle routing efficiency.
- Collecting Data: In order to tackle the challenges in Businesses, you need to collect transactional Business data and customer data from the past years to analyze the problem that Business is facing. Historical data in Business always plays a vital role in improving Business. Historical data can have a piece of information about sales, profit that was made and order that was placed.
- Cleaning Data: Data often tends to be disorderly, messy, and riddled with undesired missing values. Consequently, this type of data is unsuitable and irrelevant for conducting any meaningful data analysis. Therefore, one must undertake the task of cleansing the data by eliminating unwanted, redundant, and missing values to ensure its readiness for analysis purposes.
- Exploration of Data and Analysis: Once you have collected all the necessary information, the next crucial stage is to carry out an exploratory analysis of the data. Utilizing tools such as data visualization and business intelligence, data mining techniques, and utilizing predictive modeling helps you to conduct an in-depth examination, visualize the data, and make predictions about future outcomes.
- Interpretation of results: The last step involves interpreting the findings and assessing if they adjust to your expectations. By doing so, you can detect concealed patterns and potential future tracks.
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5 Best Data Analytics Courses in Goa:
1. Data Analytics Courses In Goa – IIM SKILLS
IIM SKILLS is a renowned ed-tech company serving the field since 2015. They have a successful career throughout their journey. If you have a deep interest in a Data Analytics course and want to start from scratch, IIM SKILLS is the right choice for you.
The 6 monthly course provided by them comes with a 2-month of internship, which includes a number of projects and assignments which aids in students’ skills and portfolio development. The course is completely practical-oriented and student-centric, which allows learners to interact with the trainer during the session to clear all their doubts. Below are the details about the course:
- Course Name: Data Analytics Course
- Course Duration: 6 Months + 2 months Internship
- Course Fees: ₹49,900+ Taxes
- This Data Analytics course from IIM SKILLS will help you to develop the required knowledge to become a Data analyst.
- It will help you to become a master in the concepts of Python.
- In this course, you will gain proficiency in using Excel for business analytics.
- You will get to learn about the concepts of Microsoft analytics and visualization tools.
- During this program, you will know about the tools that you are going to work with such as Excel, Power BI, Python, and Tableau.
- For those who are planning to change their career to Data Analytics, this program will be the right choice for you.
- For those who are already working in the industry, this course will help you to go places.
2. Data Analytics Courses In Goa – Goa Institute of Management
Big data enthusiasts are drawn to the Goa Institute of Management, a highly favored educational center that is ranked as the “Best B-Schools in the World”. This Data Analytics Courses In Goa by Goa Institute of Management is dedicated to nurturing forward-thinking leaders who will set new benchmarks in technology and business.
Their Postgraduate Diploma program in big data analytics equips students with the necessary skills to excel in data science roles such as data scientists, analysts, database administrators, and other similar fields. That’s why Goa Institute of Management is a remarkable choice among the plenty of available Data Analytics Courses In Goa.
- Course Name: PGDM (Big Data Analytics)
- Course Duration: 2 Years
- Course Fees: ₹18,31,200
- To apply for this course you need to have a minimum of 50% aggregate in Bachelor’s Degree.
- You should have taken any one of the following exams XAT, CAT, GMAT, or CMAT.
- You need to take an online aptitude test conducted by the institute called GAAT( GIM Analytics Aptitude Test).
- Based on the score of the aptitude test, candidates will be shortlisted. A group of selected candidates will be invited for the Achievers round and the rest will be interviewed online for a regular round.
- You will be having a long 5 months internship with this course for industry exposure.
- The campus placement facility is also available for this course in the institute.
3. Data Analytics Courses In Goa – Ivy Professional School
Ivy Professional School, renowned in India, has emerged as the leading institution for data science and analytics education and it is a top Ranked Data science and Analytics Institute in the country consistently for the last five years. Its exceptional standing is attributed to its partnerships with esteemed corporations like Honeywell, Genpact, Capgemini, and others. The comprehensive big data analytics certification program offered by Ivy Professional School focuses on the vital aspects of big data, Python, and various interconnected subjects.
- Course Name: Business Analytics Certification Course
- Course Duration: 195 Hours
- Course Fees: ₹40,684
- Undergraduate or postgraduate students in Maths/ Stats/ Economics/ Commerce/ Finance can do this course.
- MBA Graduates,3rd or final-year B.E students, and Working professionals can undergo this course.
- The institute provides Real industry projects & Internships in SAS/R.
- After completion of this course, the Institute provides certification in collaboration with NASSCOM.
- They also provide lifetime placement support for the candidates.
4. Data Analytics Courses In Goa – Praxis Business School
The name Praxis is derived from Greek origins meaning “to do” or signifying the practical application of knowledge in various fields such as art, science, and technical professions. This institution aims to provide you with a comprehensive program that seamlessly integrates theoretical learning with hands-on practical training. This Institute offers a Post Graduate Diploma in Management, Data Science, Data Engineering & Cyber Security. It has two Institutes one in Kolkata and in Bangalore.
- Course Name: Post Graduate Program in Data Science Course
- Course Duration: 9 Months
- Course Fees: ₹6,05,300
- Any graduates with a minimum of 60% aggregate in any discipline can be eligible for this course.
- You need to apply for Praxis Aptitude Test (PAT) and then appear for the personal interview.
- This Data Analytics Courses In Goa by Praxis Business School offers a thorough knowledge of Data science and hands-on lab work in all three semesters.
- This program is designed to provide in-depth knowledge of Technology, Analytical skills, Statistical Modelling, Communication and Visualization.
- Praxis Placement Program supports students with their campus placements.
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5. Data Analytics Courses In Goa – Simplilearn
Simplilearn, the global leader in digital skills education, empowers aspiring individuals worldwide. With its establishment in 2010 and headquartered in San Francisco, California, and Bangalore, India, Simplilearn, is a Blackstone enterprise, the world’s top digital training company. The extensive range of programs and certifications inspires individuals with the necessary skills and knowledge to expedite the attainment of their professional aspirations.
- Course Name: Data Analyst Master Program
- Course Duration: 12 Months
- Course Fees: ₹54,000
- This Data Analytics Courses in Goa from Simplilearn is partnering with IBM which makes you a Data Analytics expert.
- This Data Analyst course provides an interactive live-online class with self-paced tutorial videos, providing a comprehensive curriculum.
- During this course, you will be able to learn theoretical data analytics concepts through live demos and projects.
- The foremost benefit of doing this course is the Masterclasses are taken by IBM experts. You can join the Ask Me Anything session with IBM Leaders.
- Upon completion of this course, you will receive a certificate from IBM and also from Simplilearn for the courses in the learning path.
6. Data Analytics Courses In Goa – Imarticus Learning
Imarticus Learning, a recognized ed-tech organization, is renowned for its exceptional courses in finance, analytics, technology, and marketing. These programs encompass job-assured courses, executive programs, and university-assured courses. Their ultimate aim is to equip the global community with top educational programs that serve the evolving new-age market. They provide both online and classroom training certificate programs.
- Course Name: Postgraduate Program In Data Science And Analytics
- Course Duration: 6 Months
- Course Fees: ₹2,25,000
- This Data Analytics course is ideal for graduates or post-graduates with a minimum of 50% marks and working professionals having 0-3 years of experience with CTC less than 4 LPA.
- This is a full-time weekday program for 6 months. You will attend the live session from Monday to Friday and you will receive the recordings of the session for your reference.
- This program has a core track and specialization track for efficient learning.
- Once you finish the core track, you will be assessed for your skills and based on that you will be assigned to a specialization track.
- They will also help you in preparing for your interviews with soft skill training, mock interviews, and workshops.
- They will monitor your dedication to the course and rank your performance.
Scope of Data Analytics Courses In Goa:
In today’s market, data stands as an incredibly abundant and prized asset. The worth of a company’s data relies upon its utilization, thus rendering the role of data analysts increasingly crucial. India’s captivating tourist magnet, Goa, offers countless of job prospects ranging across various industries.
Data Analytics Courses are becoming a boon to Businesses because of their time reduction and cost-efficient in making quick decisions. After the arrival of Data Analytics, Businesses are having a substantial transformation in their daily operations. Online data analytics courses have enabled industries to automate various elements of their business practices.
In recent years, India has witnessed an unparalleled surge in data analytics, owing predominantly to the exponential surge in internet users. According to the World Bank, internet entry skyrocketed from 20% to 41% during the period of 2018-19.
By 2025, an astonishing 900 million users are expected to join, augmenting the data analytics industry and dramatically escalating the quantity of collected data. This inflow opens up vast opportunities to explore numerous sectors within the market. 2021 has witnessed an impressive growth of 26.5% in the data analytics industry, elevating its market value to US$ 45.4 billion. Hence, doing data analytics courses become more valuable in the near future.
Frequently Asked Questions:
1. Which industry is using data analytics?
Ans: Data analytics is used in every Business among them the top four industries are Retail, Banking, Healthcare, and Communication & Media to learn their operations like business performance, audience response, future forecasts, and fraudulent activities.
2. What are the types of data analysis?
Ans: There are some common types of data analysis. They are Descriptive, Diagnostic, Predictive, Cognitive, and Prescriptive Analytics.
3. What is the average salary of a data analyst In India?
Ans: A yearly salary for a data analyst in India usually falls within the range of INR 3L to INR 4L.
4. Is data analysis a good career path?
Ans: The world is in great need of talented data analysts who are considered highly valuable. The lack of individuals who possess appropriate skills has resulted in data analysts being highly compensated and provided with additional benefits, even when they are just starting out in their careers.
5. Is Coding experience required to become a data analyst?
Ans: Yes. But it doesn’t require any higher level programing language skills but You need to know some of the basics of R and Python and also query knowledge in SQL.
Professionals skilled in the field of Data Analytics play a crucial role within every organization. Their expertise allows company executives to design profitable strategies that support the growth and development of their respective organizations, as their work significantly influences the pivotal decision-making processes. Consequently, the requirement for skilled professionals in data analytics and data science is predicted to increase in the upcoming years, both within India and across the globe. So upgrade your skill by enrolling in one of the available Data Analytics courses In Goa. I hope this article will help you with all the details you need to know to become a data analyst.
Enjoy your Learning!!