Data Analysis : ( Career and Salary )

 

DATA ANALYST: (A Promising career path) 

Data analysis is considered a promising career in the present time due to the increasing volume of data generated across industries. Organisations rely on data-driven insights to make informed decisions, and skilled data analysts play a crucial role in extracting meaningful information. The demand for data analysts has surged as businesses seek to enhance efficiency, optimise strategies, and gain a competitive edge. The versatility of data analysis skills makes it applicable in various fields, making it a sought-after career choice.

                         

               WORK: Data analysts collect, process, and analyse data to help organisations make informed decisions. Their work involves:

1. **Data Collection:** Gathering relevant data from various sources, including databases, spreadsheets, surveys, and more.

2. **Data Cleaning and Preprocessing:** Ensuring data accuracy by identifying and handling errors, missing values, and inconsistencies.

3. **Data Analysis:** Using statistical methods and tools to analyse data, identify trends, patterns, and insights that can inform decision-making.

4. **Data Visualisation:** Presenting complex data in a clear and understandable way through charts, graphs, and dashboards to facilitate easier comprehension.

5. **Report Generation:** Creating reports summarising key findings and insights, often for non-technical stakeholders.

6. **Collaboration:** Working with cross-functional teams to understand business objectives and providing data-driven recommendations.

7. **Predictive Modelling:** Developing models to forecast future trends or outcomes based on historical data.

8. **Database Querying:** Writing SQL queries to extract and manipulate data from databases.

Data analysts play a crucial role in helping organisations leverage data for strategic planning, problem-solving, and performance improvement.

                 SALARY: As of my last knowledge update in January 2022, the salary of a data analyst in India can vary based on factors such as experience, skills, location, and the industry. On average, an entry-level data analyst in India may earn anywhere from ₹3,00,000 to ₹6,00,000 per annum. With a few years of experience, this figure can increase significantly, ranging from ₹6,00,000 to ₹12,00,000 or more per year.

Please note that these figures are approximate and can change over time. It's advisable to check more recent and specific salary surveys or job market reports for the latest information on data analyst salaries in India.

         The salary of a data analyst overseas can vary widely depending on factors such as the country, city, level of experience, industry, and company. In countries like the United States, the United Kingdom, Canada, or Australia, where the demand for data analysts is high, salaries tend to be relatively higher compared to many other places.

As of my last knowledge update in January 2022, entry-level data analyst salaries in the United States could range from $50,000 to $80,000 per year, and experienced professionals might earn well over $100,000 annually. Salaries in other countries can vary, so it's recommended to check the latest salary surveys or job market reports for specific and up-to-date information in the desired location.

WORKLOAD :                  The workload of a data analyst can vary based on the organisation, industry, and specific projects. Generally, data analysts may experience fluctuations in workload due to project timelines and data analysis requirements. Some aspects of their workload include:

1. **Data Collection and Preparation:** Gathering and cleaning data, which can be time-consuming, especially if dealing with large datasets or complex sources.

2. **Analysis and Modelling:** Performing statistical analyses, developing models, and extracting meaningful insights from data.

3. **Visualisation and Reporting:** Creating visual representations of data and generating reports to communicate findings to stakeholders.

4. **Continuous Learning:** Staying updated on industry trends, new tools, and emerging technologies in the field of data analysis.

5. **Collaboration:** Working with cross-functional teams, which may involve meetings, discussions, and coordination.

6. **Problem-Solving:** Addressing data-related challenges and contributing to strategic decision-making within the organisation.

The workload can vary from a steady pace to periods of intense activity, particularly when there are tight deadlines or specific projects with high data complexity. Adaptability and effective time management are essential skills for data analysts to handle their workload efficiently.

                           FUTURE: The future of the data analyst career looks promising. As businesses continue to rely on data-driven insights, the demand for skilled data analysts is likely to grow. Several factors contribute to this positive outlook:

1. **Data Explosion:** The volume of data generated is increasing exponentially, providing more opportunities for analysis and insights across various industries.

2. **Technological Advancements:** Continued advancements in data analytics tools, machine learning, and artificial intelligence are expanding the capabilities of data analysts.

3. **Industry Integration:** Data analysis is becoming integral to decision-making in diverse sectors, including healthcare, finance, marketing, and more, creating a broad range of job opportunities.

4. **Strategic Importance:** Organisations increasingly recognise the strategic value of data, driving the need for professionals who can interpret and derive actionable insights from complex datasets.

5. **Global Digitisation:** The ongoing trend of digitisation globally ensures that data will remain a critical asset, further fulfilling the demand for data analysts.

To thrive in the future, data analysts may need to enhance their skills in areas such as machine learning, artificial intelligence, and data visualisation. Continuous learning and adaptability will be key as the field evolves with technological advancements and industry demands.

             ( By: The News ScooppTeam Dated : 16th November 2023

                   

Subrata Roy : ( East to West of Indian Business Tycoon )

 

SUBRATA ROY : ( East and West of Indian Business Tycoon ).

                            Subrata Roy, an Indian businessman with a pure heart, was born on June 10, 1948, in Araria, Bihar, India. While information about his childhood is scarce, his humble origins did not hinder his path towards creating the renowned Sahara India Pariwar. This conglomerate, which operates in various sectors such as finance, infrastructure, housing, media, entertainment, and tourism, stands as a testament to his entrepreneurial triumph. Regrettably, his later years were marred by legal issues surrounding financial matters. Despite his involvement in high-profile ventures and his flamboyant style, Subrata Roy faced legal challenges in 2014 when he was arrested by the Securities and Exchange Board of India SEBI' for failing to comply with a Supreme kourt order regarding the refunding of investors7 money.

In India, financial regulations are in place to govern the operations of companies liHe Sahara India Pariwar. Subrata Roy, the founder of Sahara India Pariwar, holds a Bachelor of Arts degree, although specific details about his education are not widely Hnown. While his academic background may not be well-documented, Subrata Roy’s prominence stems from his role as the founder of Sahara India Pariwar and his involvement in various business ventures, rather than his academic achievements.
In 1978, Subrata Roy started Sahara India Pariwar with a small capital. Oe initially focused on establishing Sahara Vinance, which primarily dealt with chit funds. As time went on, Sahara India Pariwar expanded its presence in multiple industries, including real estate, media and entertainment, hospitality, and retail. (now of their notable successes was the Sahara India ) channel, which gained considerable popularity. Additionally, Sahara India Pariwar ventured into other ventures liHe Sahara Airlines jnow Air SaharaL and the ambitious Aamby )alley kity project. Subrata Roy’s entrepreneurial vision and ability to identify business opportunities played a significant role in the growth of Sahara India Pariwar.
However, the group faced legal and financial challenges in later years, resulting in controversies and regulatory actions. Despite these challenges, Sahara India Pariwar, founded by Subrata Roy, primarily operated in the financial sector through various entities, including Sahara India Financial corporation limited. The company primarily attracted investments through its chit fund and deposit schemes.

The Sahara Group, under the leadership of Subrata Roy, encountered a range of legal and regulatory obstacles that had a significant impact on its financial stability. (not of the pri- mary concerns revolved around the issuance of optionally full  convertible Debentures  by Sahara India Real Estate corporation limited and Sahara Housing Investment corporation limited. The Securities and Exchange Board of India (SEBI ) argued that these issuances violated securities laws as they did not adhere to the established regulatory framework. As a result, SEBI instructed Sahara to reimburse a substantial sum of money, along with interest, to the investors who had subscribed to these OFCDS. It is crucial
to exercise caution and thoroughly research any financial scheme or institution before maHing investments. Additionally, these legal developments underscored the importance of implementing proper regulation and oversight in the financial sector.
Throughout the legal proceedings, the group encountered difficulties in meeting their repayment obligations, raising concerns about Sahara’s financial stability. Eventually, Subrata Roy was apprehended in 2014 due to his failure to comply with the SEBI order. These legal issues and financial strain had a significant impact on the Sahara

More businesses , contributing to their ongoing challenges. It is crucial to emphasise the importance of adhering to financial regulations for the stability and sustainability of any business, as exemplified by the Sahara case. Subrata Roy is closely associated with the Sahara India Pariwar conglomerate, which encompasses a wide range of industries. Some notable companies and sectors linked to Sahara India Pariwar include Sahara India Financial corporation limited, Sahara Housing Investment corporation limited, Sahara Prime city limited, Sahara India life Insurance company limited, Sahara ("India and Entertainment limited, and the Sahara Force India Formula and Team.
Please note that the status and particulars of these companies may have changed over time due to legal and regulatory actions. For the most accurate and up-to-date infor- mation regarding Subrata Roy’s business interests, always refer to the latest available data.
In "March 2014, Subrata Roy, the founder of Sahara India Pariwar, was sent to Gail. This was a result of a longstanding legal battle with the Securities and Exchange Board of India SEBI'. Sahara was accused by SEBI of not adhering to regulatory norms in the issuance of (optionally fully convertible Debentures OFCDS.

The dispute cankered around SEB’s order for Sahara to refund a substantial amount of money, along with interest, to the investors who had invested in these OFCDS. Subrata Roy and other Sahara officials were held in contempt of court for not following SEBI’s directives.
Subrata Roy’s arrest was a consequence of non-compliance with court orders and SEBI’s regulatory requirements. Oe remained in Judicial custody for a significant period until he was granted temporary bail in "ay 2014.
The legal proceedings continued, shedding light on issues concerning financial regula- tions and investor protection in India.
Subrata Roy, a prominent figure in the Sahara Group, held the title of Sahara Shree
- a term of respect in Hindi that acknowledges his leadership and contributions to the conglomerate. This practice of bestowing titles is common in Indian business culture, honouring individuals who have played significant roles in successful enterprises. Sadly, Roy, the founder of Sahara, passed away at the age of 75 years after battling complications from metastatic malignancy, hypertension, and diabetes. Ois company expressed deep sorrow, describing him as a guiding force, mentor, and a source of inspiration. The loss of Roy will be deeply felt by the entire Sahara India Pariwar, as stated by the company.

 ( By : The News Scoopp Team )

Dated: 16th November 2023