The State of Information Data Analyst Salary in 2021: Trends and Outlook
The world of data analytics is expanding at an unprecedented rate, and so is the demand for skilled professionals. Whether you’re just starting your career in data analytics or looking to grow your existing skillset, understanding the state of information data analyst salary in 2021 and the trends that are likely to shape the industry going forward is crucial.
In this article, we’ll take a deep dive into the latest trends and insights into the information data analyst salary to provide you with the information and guidance you need to take your data analytics career to the next level.
Introduction
With the current global shift to digital and remote working environments, data analytics has become the backbone of most businesses’ operations. In addition, organizations generate vast amounts of data that need to be analyzed to gain insights, inform and improve business operations’ decision-making processes.
As demand for data analytics professionals continues to soar, so does the need for talent acquisition in the industry, largely affecting compensation packages for both new and experienced data analysts.
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According to Glassdoor, a platform that provides a comprehensive suite of free enterprise applications and services, the national average Information Data Analyst salary in 2021 in the United States is $76,502 per year.
The report also shows that the salary range for information data analysts varies from $49,000 to $128,000, with a variance of ± 19.5% for individuals with additional certifications and experience.
The skills that are instrumental in determining the salary range for information data analysts include but are not limited to:
1. Advanced data visualization
2. Data mining and analysis
3. Machine learning
4. Programming proficiency in languages like Python and R
5. SQL
6. Communication skills
7. Data modeling
From the above stated skillset, individuals with advanced understanding and experience with the skills mentioned above may earn salary packages higher than the average, which is around $94,000 per year.
Furthermore, as previously mentioned, the demand for data professionals continues to rise, and so does the competition between businesses to acquire top talent. One way that businesses are keeping up is by offering a pay range that can be irresistible to data analysts at all levels.
In recent years, data analyst salary packages have fallen between $55,000 to $80,000 per annum; however, 2021 has seen an increase in average information data analyst salaries. Data scientist and machine learning engineers may earn up to $140,000 per annum.
Education and certifications also play a significant role in data analyst salaries. Individuals with a bachelor’s degree in data science or related fields may earn more than their counterparts with degrees in broader areas such as business management.
One of the significant trends influencing information data analyst salaries is the adoption of artificial intelligence (AI) and machine learning (ML) in the business world.
Artificial intelligence is revolutionizing the way businesses operate by automating processes and creating efficiencies in the day-to-day running of the organization. Data analysts who possess AI and ML skills are highly sought after by businesses, and this is reflected in their salary packages.
Another trend worth noting is the shift toward cloud storage and cloud computing, with employers increasingly demanding employees who possess skills in cloud native analytics.
Conclusion
In conclusion, the state of information data analyst salary in 2021 reflects the tremendous growth and promise that the data analytics industry holds. As the industry evolves, keeping up with the latest technologies, maintaining an advanced skillset, and staying on top of trends will remain crucial.
Individuals seeking to take advantage of the lucrative salary packages in data analytics must stay abreast of technological developments, be proficient in the latest software applications, and stay informed of the latest trends shaping the industry’s future.
The outlook for the information data analyst role remains positive, with robust growth expected for the industry. It’s an exciting time for the data analytics industry, and those looking to make a career in this dynamic field should be prepared to learn, adapt, and grow along with the industry.
