Business Data Analysis Industry

The data analytics industry has been developing very actively in most of the advanced countries in the world. And Vietnam is no exception. According to Glassdoor (an American employment website), the average salary of a data analyst is about 84,000 USD/year. In Vietnam, this number also reaches over 470 million/year according to TopDev’s statistics. This level of income is well above the average income, which makes data analysis a highly lucrative and attractive profession, voted the ” sexiest” profession of the century .

The 4.0 revolution and the importance of Big data for businesses

In recent years, along with the explosion of the 4.0 revolution, organizations and businesses are increasingly realizing the importance of data and information for making smart business decisions and increasing profits. its competitive position. Big Data is one of the four most important foundations of the 4.0 technology revolution along with the Internet of Things – IoT (Internet of Things), Artificial Intelligence – AI (Artificial Intelligence), Blockchain- Blockchain. Big Data is understood as huge data, which is a source of information assets of large capacity and diversity, with high speed, requiring cost-effective forms of information processing, in order to improve work efficiency. decision making and process optimization. In other words, Big Data is a huge data file that cannot be analyzed by conventional tools and software.

When analyzed and used effectively, big data will help businesses reduce operating costs, reduce time, develop new products and optimal services, make smarter and more accurate decisions. . Based on big data analysis, businesses can identify the root causes of failures in business strategies to find solutions to overcome, create reasonable promotions based on customers’ habits. customers for the business, calculate the risks encountered, detect fraud before it has an impact, …

Business Analytics – A high-paying and “human-demanding” industry for students in the digital era

As a branch of Data Analytics, Business Analytics is an interdisciplinary discipline between information technology and economics. The work focuses on collecting, exploiting, managing and processing data sets – Big Data to make judgments and predict future operating trends. Business data analytics can include exploratory data analytics, confirmatory data analytics, quantitative data analytics, and qualitative data analytics (with a focus on data such as videos, images, and videos). documents),… This is meaningful and important work for any organization or business, especially in the fields of banking, finance, investment, insurance, tourism. , defense, aerospace and medicine, etc.

According to the World Economic Forum (WEF), the demand for data analytics personnel has increased sharply in 2020, 6 times higher than 5 years ago. In the next 5 years, this percentage will continue to increase even more due to the increasing amount of human-generated data. Thanks to that, the job opportunities and career development of those who pursue Data Analytics are also extremely open.

Vietnam is in the Top 20 countries with the highest number of Internet users in the world. According to data from the General Statistics Office in 2019, the rate of Internet users is 68.7%. Meanwhile, the world average is 51.4%. Therefore, the Big Data market in Vietnam is considered by experts to be the leading prospect in Asia. Going through the websites of Vietnamworks, CareerBuilder, Vietnam.recruite, and many other recruitment websites can see hundreds of lines of information about job vacancies in Business Analytics. According to McKinsey, in 2018, the United States is estimated to lack about 200,000 people with deep analytical skills, as well as 1.5 million business managers and analysts.

According to Glassdoor (an American employment website), the average salary of a data analyst is about $84,000 per year. In Vietnam, this number also reaches over 470 million/year according to TopDev’s statistics. This level of income is well above the average income, which makes data analysis a highly lucrative and attractive profession, voted the ” sexiest” profession of the century .