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Data analysis and business analysis: What's the difference? 

Some of us use both business and data analytic  to refer to the identical  field, but there are important differences between the two fields.  Data analytics mention the method of analyzing large amounts of data to create and derive actionable insights. This is a challenging math task that involves complex mathematical calculations. Data analysts focus on drawing conclusions from data, so they need  strong statistical skills to be successful in this role. 

 

Business analysis involves using data and statistical analysis to understand business performance, make recommendations, and take future actions. Business analytics is similar to data analytics in that it focuses on using data to make decisions, but  focuses more  on business drivers and ways to improve a company's performance. An understanding of statistics and business concepts is important for this role. 

 

 Unlike business analysts, data analysts focus more  on data, programming, and statistical analysis. While they are interested in carefully analyzing data and making recommendations based on their analysis, business analysts focus more  on  practical changes resulting from research. 

 

 Another important difference is the level of communication required for success in each role. While perfect  professional employee or  business analysts may collaborate with multiple organizations to implement changes in business requirements, data analysts often work independently to deliver insights and reports. 



 

 If you're looking to learn more about data analytics, the Berkeley Data Analytics Bootcamp provides the training needed to qualify for a data analytics and business analytics role. During this bootcamp, you will learn specific skills that can help you get started in data analysis, covering topics such as Excel, Python, machine learning, SQL, forecasting, and  data analysis fundamentals. 

 


Data Analyst 

Average Salary: The average salary for a data analyst in Australia is $95,000 as of August 2023, according to Seek. 


Career Outlook: The number of future  data analysts in the next five years is 23, 2 percent, according to Seek. 


Education Requirements: To work as a data analyst, graduates must have a bachelor's or master's degree in mathematics, statistics, computer science, information management, finance or economics. they must have. 


Business Analyst 

Average Salary: The average salary for a business analyst in Australia is $115,000 as of August 2023, according to Seek. 


Career Outlook: The future of the analyst job is 23.2 percent over the next five years, according to Seek. 


Education Requirements: To work as a business analyst, graduates must have a bachelor's or master's degree in business administration, business administration, analytics, technology or a related field.


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