The Power of Data Analysis
Imagine if businesses could predict future sales results. Business owners do not need to imagine anymore as it is being done by profiling their customers’ preferences with the help of social network interactions, location data and website click-stream data.
University of Southern California
Is Masters in Data Analysis for you?
Ranked amongst “The Sexiest Job of the 21st Century” by CNBC, the degree may be for you if you are looking for a career which pays well along with benefits. Data analysts or data analytic specialists are one of the most sought-after positions, according to Rob Bearden, CEO of Hortonworks.
Masters in Data Analysis
Data analysts collect, organize and assess information from a variety of resources to find useful information. They make use of market conditions to project future trends for businesses. At present, companies are in need of data analysts in order to manage big data to improve their businesses. This is why the demand for these professionals is soaring for data analysts.
The degree equips you with the skills and knowledge necessary to synthesize and mine big data with the purpose of uncovering trends, relationships and patterns.
- An undergraduate degree from an accredited institute
- Minimum GPA requirement 3.0
- GRE or GMAT score
- TOEFL (for international applicants)
- Letters of recommendation
- Work experience (recommended but not required)
What will you learn?
The degree will cover the following topics:
- Data mining
- Management science
- Business communication
- Data visualization
- Risk analysis
- Predictive analytics
- Statistical models
- Machine learning
- Identify and assess the opportunities, needs and constraints for data usage within an organizational context
- Lead analytics projects and teams
- Effective communication to a variety of audiences
- Design creative and innovative data analytics solutions
- Integrate data science and information technology to maximize the value of data
Data Analysis Programs
The bachelor’s and master’s degrees are some of the most commonly offered programs in data analysis. The bachelor’s degree is suitable for the ones who want to find entry-level jobs in this field while the master in data analysis is ideal for those who seek careers in upper management.
PhD programs are also available and are designed for candidates who want to pursue careers in research or teaching. The bachelor’s degree can be completed in 4 while the master’s degrees can be completed in 1-2 years.
Data analysts who are already employed can improve their career prospects by pursuing advanced degrees in this field. As working professionals face a tough time attending regular classes, they can enroll in online degree programs and earn this degree without making major changes to their personal or professional routine. The flexibility of online programs allows students to study from any location and at a schedule that suits them.
What do data analysts do?
Today’s business success depends on hyper-competitive data. If you’ve heard of the term “big data” then consider data analysts as those professionals who process and manage it. Big data is essentially large sets of data that conventional software tools cannot process. Data analysts by processing and analyzing data help their employers make better business decisions. In short, data analysts help make effective business strategies.
Data analysts save lives
Consider the following scenarios to better understand the importance of data analysts in today’s world..
- Time taken during initial treatment in emergency rooms is reduced by combining latest lab results with aggregate patient histories. This helps in bringing down the patient mortality rate.
- More accurate models of pedestrian and automotive traffic are developed by using GPS data collected from mobile phones, cars, taxis and buses.
- Data Warehousing Manager
- Data Mining Engineer
- Data Analyst
- Knowledge and Informatics Engineer
- Business Intelligence Analyst
- Data Scientist
The Bureau of Labor Statistics (BLS) and O NET Online are the two most reliable sources on national employment statistics. While they do not have information on all of the positions mentioned above, O NET Online reports that business intelligence analysts earned a median yearly salary of $82,340 in 2013. BLS reports data scientists earning a median yearly salary of $102,190 in 2012. However, these data scientists have doctoral degrees in a relevant field. Their demand is expected to grow by 15% over the next few years.
Q:What are the contents of the course on Systems Analysis in the Data Analysis Masters degree program?
A:The Data Analysis Masters degree program has dedicated course on Systems Analysis. This course is worth 2 credits in total. It is designed to offer students with substantial understanding of the thorough examination of computer systems. Students are also highlighted on the methods of planning and operations in an IT environment.
Q:Which field of work will I be most suitable for once I complete my Master in Data Analysis?
A:A Master in Data Analysis Degree can come in handy in almost any field now a days, since every field of life and work is not dependent on computers. Storage of crucial official data is now part and parcel of every office environment-weather it be finance, media, insurance and so on. So anyone with a Master in Data Analysis degree is in high demand in almost every field of life and work. in short the future prospects of this particular degree are extremely bright and much in demand.
Q:How long will it take to earn a data analysis master degree?
A:A data analysis master's degree is a graduate program that can pursued after completion of a bachelor program. The degree takes two years to complete from an accredited graduate school. However, the program can also take less time through fast paced programs. The program is offered online as well at accredited online colleges.
Q:How do I know if my Masters in Data Science program is accredited or not?
A:When applying to a master in data science program, you must check the institution's website to make sure that the right accreditation agencies have given the program their stamp of approval. Most online accredited Master's programs are either accredited by the Higher Learning Commission or by the state's own accreditation committee or board.
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