Big data is one of the more booming industries of today. Its applications are far-reaching and the developments and advancements that are constantly being made with the use of big data are serving to propel a variety of industries forward. One such industry that has gained so much through big data is that of business.
The information that is obtained from big data sets can be used by business owners and entrepreneurs to improve their products and services, take part in more successful marketing techniques, and provide an overall more positive consumer experience. The ability to accomplish all this and more, though, is only possible when the information that is contained in big data is accurately interpreted and transformed into usable data by those who understand such complex processes.
If you would like to work in big data as it relates to business, you might be considering enrolling in a Master’s in Business Analytics program. With the skills and knowledge that you will obtain that pertain to computing, statistics, economics, and business, you will become qualified to pursue a number of excellent career paths in the growing industry of big data.
Here are four such career options that are available to those who possess a Master’s in Business Analytics:
1. Data Architect
Aside from being an extremely lucrative profession with an average salary of around US$116,000 per year, a career as a data architect allows you to work either in the private sector or the public sector. The job itself entails building database systems that are designed for specific companies or entities. These systems allow the entity to better obtain, understand, and manage their data.
Data architects are also responsible for the maintenance of the systems they build. For this reason, a variety of technical skills and a proficiency in systems modeling and building are necessary for the job. These are the types of skills that you will acquire when you earn your Master of Business Analytics.
2. Chief Technology Officer
If you have aspirations to work in the corporate world as an executive of sorts, you might be interested in a role as a chief technology officer. Such a job entails the building of business strategies using the information you obtain from big data. The analyzing of market trends and the forecasting of where the market is heading are both part of the job of chief technology officer.
This is a role for which you will need extensive communication skills as well. You will have a team reporting to you and will therefore need to be able to act as an effective leader in the professional setting. The ability to communicate your strategies to others at your company is also essential to success in this role.
3. Machine Learning Engineer
Another job that those with a Master’s in Business Analytics are qualified to fill is that of the machine learning engineer. This is one of the jobs in big data as it relates to business that has been seeing a significant amount of growth in recent years. With more and more businesses learning the benefits of using big data, it is unlikely that this trend will slow down any time soon.
As a machine learning engineer, you would be responsible for engineering software designed to output certain information. This software is meant to extract insights from the masses of data that are fed into it. These insights are what businesses can then use to create more positive real-world outcomes.
You will also need to have a firm understanding about the specific area of business that your software and systems are going to be designed for, so a certain level of business acumen is required in order to be successful in this role.
4. Data Analyst
One of the jobs in big data that provides some of the most flexibility is that of data analyst. As a data analyst, you can choose from a variety of industries in which to work, including medicine, finance, and manufacturing. There are also plenty of jobs available in both the public and private sectors for qualified and skilled data analysts.
This role is much as it sounds. Essentially, a data analyst is responsible for analyzing the great number of data accumulated by an entity in order to provide insights for how things might be done better. Everything from marketing to logistics will need to be taken into account, so it is important that you are familiar with such areas of business.
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