Question 1

What Is A Data Analyst?

Accepted Answer

Data analysts serve as data experts within a company. They capture and analyze large amounts of data using a wide range of IT tools. Nowadays, this includes not only big data technologies but also advanced techniques from the field of machine learning (ML) and artificial intelligence (AI). The results are then appropriately prepared and presented.
Based on this data, the data analyst develops recommendations for action. The specific focus of data analysts varies depending on the industry and business field. Regardless of the specific thematic differences, data analysts establish the necessary prerequisites for data-driven decision-making at both the operational and strategic levels of the company.
In general, a data expert of this kind is particularly in demand in companies where a large amount of usable data is generated. Primarily, these include technology and industrial companies, but the knowledge and expertise of a data analyst are also needed, for example, in marketing companies or insurance companies.

Question 2

What Tasks Does A Data Analyst Have?

Accepted Answer

The daily work of data analysts is very diverse and varied. However, all tasks have one commonality: they always involve the collection, analysis, and evaluation of data. In general, the data analyst is involved in the entire data chain process. This means that their range of work and activities extends from identifying and structuring the available raw data to preparing, analyzing, and presenting the data in a meaningful way.

Question 3

Data Analyst vs. Data Scientist - What Are The Differences?

Accepted Answer

In practice, the term "Data Scientist" is often used synonymously with "Data Analyst." Although there are numerous overlaps between these two professions, this synonymous use is not accurate. The name "Data Analyst" itself reflects the nature of the job. The primary focus of all activities is to identify, process, and analyze data. Additionally, skills and expertise in data visualization are also required.

Question 4

In Which Industries Does A Data Analyst Work?

Accepted Answer

Especially companies in the traditional IT sector, e-commerce segment, and telecommunications heavily rely on the work of data analysts. Therefore, a large number of positions can be found in these industries. Alternatively, a data analyst can also work for companies in the financial and insurance sectors.

In many industries, structured data analysis and interpretation are essential for business success. Nowadays, institutions and companies in the logistics, healthcare, and energy sectors are also increasingly looking for qualified data analysts.

Question 5

What Specializations Are There For Data Analysts?

Accepted Answer

The chances of landing a highly paid job are even higher for a data analyst who specializes in specific areas within the job profile. Similar to the fields of financial and marketing analysis, as well as risk analysis, interested individuals can choose from a wide range of specialization options.

By achieving a high level of specialization, the job becomes even more future-proof, as specialists in data analysis are among the most sought-after professionals in this field. By utilizing data analysis specialists, companies can often gain a competitive advantage and establish a lead over their competitors.

There are also many areas in socially relevant industries that require specific specializations. For example, the healthcare sector demands specialized data analysts to analyze patient data and evaluate it based on the analysis results. The goal in this case is to obtain information about the best treatment options and the development of new healthcare products.

Question 6

What Education Is Required To Become A Data Analyst?

Accepted Answer

A Data Analyst needs to have a strong knowledge in the disciplines of computer science, function theory, probability theory, statistics, and stochastic processes. Probability theory, function theory, and computer science are particularly important. Having a good understanding of mathematics is also advantageous. Depending on the desired specialization or focus, subjects such as business informatics, IT, controlling, and accounting are also considered important components of an education.

Question 7

How Much Does A Data Analyst Earn?

Accepted Answer

A Data Analyst with a completed bachelor's degree typically starts with an entry-level salary ranging from €35,000 to €42,000. Larger companies may offer starting salaries of up to €46,000. If the employee has a master's degree, the average starting salary is approximately €4,000 higher per year.

Salary increases with professional experience. In smaller companies with less complex job portfolios, salaries typically range from €45,000 to about €65,000. If the employer is a large company with multiple business fields, salaries of up to nearly €100,000 per year are possible and realistic. The final salary of a Data Analyst depends not only on professional experience but also on the company size, location, and other company-specific factors.

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