Business analyst and data analysts both make data-driven decisions for their organization. Business analysts are often involved more in addressing business needs and recommending solutions while data analysts deal with the actual data. As a rule, both positions are highly sought after and well-compensated. Here, we’ll dig a bit deeper into the differences between these roles in order to help you decide if one is right for you.
Business analytics vs. data analytics
The terms business analyst and data analyst are sometimes used interchangeably by some companies. Despite the fact that both types of analysts use data to improve business decisions, their methods differ greatly.
What do data analysts do?
For business purposes, analysts gather, clean, analyze, visualize, and present data to assist decision making. Analyzing data to answer a question and advising decision makers on the best path to take is another way that data analysts create value. An analyst’s duties or a data analyst might include: Identifying and sourcing data Cleaning and preparing data for analysis Analyzing data for patterns and trends Visualizing data so that it is easy ss 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?
They assess what is wrong with their organizations, what is working, what could be improved, and what improvements are possible. This is done y do this by company’s current functions and IT structures, interviewing team members to uncover areas for improvement, and presenting findings and recommendations to management and other stakeholders Creating visuals and financial models to support business decisions, and training and coaching staff in the use of new systems.
Although many companies look for candidates with a bachelor’s degree, business and data analysts can come from a range of academic backgrounds. In general, business analysts may hold degrees in business-related fields, while data analysts are typically STEM degrees, like those with statistics, math, or computer science backgrounds. The study of data analytics could help open up opportunities for advancement in either field after earning a graduate degree.
Skills: Business vs. data analyst
There are some slight differences between data analytics and business analytics. In both occupations, data is formed using a variety of methods. Here are some of the skills they share. Both roles require some technical and analytical skills. You up for success by being a good: Good communicator, especially when written, a critical thinker, and an organizer.
Many high-paying jobs require the skills involved in data and business analysis. Glassdoor estimates that business analysts in the US will earn an average base salary of $73,913 in 2021, while data analysts will bring in a base salary of $66,836.
Frequently asked questions (FAQ)
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Which is better, data analyst or business analyst?
well paid and in demand. Choose the one that suits your interests, skills, and career objectives best. You may thrive in a position as a data analyst if your interests lie more in the realm of math and statistics. Business analytics may be the better solution if you’re a problem-solver oriented towards business.
Can a data analyst become a business analyst?
The two roles are possible (as well as the reverse). There is a lot of overlap between the skills. In order to make the transition into business analytics, data analysts might want to brush up on their business structure and process prototyping knowledge. SQL and statistical programming skills can be developed by business analysts who wish to work more closely with data sets.
Can I become a data analyst with a business degree?
Students with varying levels of education become data analysts. The skills needed for a job are usually taught by degrees in mathematics, statistics, or computer science. As well as preparing you to analyze business issues and communicate solutions effectively, a degree in business can help you gain critical thinking capabilities.