Top 5 industries hiring the most data analysts

Nowadays, data is everywhere. In recent years, a high demand for data analytics professionals has developed, which translates into the salaries they receive. salaries they receive.

These professionals are in charge of analyzing large amounts of data in order to extract useful knowledge and develop strategies for the companies in which they work.

This, in part, is driven by the increasing reliance of many companies on data-driven decisions. While there are palpable differences, data analytics can certainly be applied to many industries.

Demand for data analysts

The demand for data analysts has been so great that, in recent years, it has established itself as one of the most sought-after professionals in the labor market.

All of this, of course, is driven by the amount of data that companies generate and from which they can extract useful information.

• According to the report “The Future of Jobs Report 2023” by the World Economic Forumthe demand for specialized profiles in the field of data is expected to grow between 30% and 35% by 2027. This increase will be particularly notable in sectors such as financial services (31%), retail and wholesale of consumer goods (37%) and supply chain and transportation (42%).
• In Spain, the data from Fundación Telefónica’s Employment Map highlights the Data Analyst/Business Intelligence as one of the most in-demand profiles, with nearly 1,947 vacancies registered between January and April 2024.

This general data, in a way, reflects the importance of data analysis in today’s world, driving the need for professionals who can transform it into valuable information.

What are the top 5 industries hiring data analysts?

As we have been discussing, data analysis can be applied to numerous areas and sectors of the business fabric. Let’s take a look at five of these sectors where business analytics business analytics is having special relevance.

Technology and big data

The technology and big data industry is arguably the sector where data analysts are most needed, for obvious reasons. Companies in this sector generate large volumes of data that need to be analyzed.

• Applications: companies such as Google, Amazon and Meta use data engineers to improve their search engines, personalize user experiences and develop artificial intelligence.
• Tools: analysts use advanced tools such as Apache Hadoop, Spark and programming languages such as Python or R to work with the data.

Finance

The financial sector is in the midst of a digital transformation, with data analytics as one of the drivers contributing to growth.

• Applications: banking uses data analytics to assess risks in credit allocation, detect fraud and personalize financial services, such as credit cards or loans.
• Innovations: Artificial intelligence and machine learning have improved the accuracy of predictive models in the industry. In fact, without data, many of these models would have no reason to exist.

Health and biotechnology

The digitization of healthcare has driven an unprecedented need for data analysts to improve patient care and operational efficiency.

• Applications: data are used to improve clinical diagnostics, personalize treatments and analyze genetic information.
• Relevant figures: the global healthcare data analytics market is estimated to have grown by 6.8% annually, according to recent data.

Retail and e-commerce

Data analytics has also revolutionized the way retail professionals understand their prospective customers.

• Applications: companies such as Zara hire analysts to interpret buying patterns, improve inventory management and design pricing strategies.
• Marketing impact: analysts work with social media data and market trends to customize advertising campaigns.

Logistics

The world of logistics, and specifically supply chain processes, have also discovered an important niche in data science, as they obtain very valuable information for their management.

• Applications: data is used to optimize transport routes, forecast demand and reduce operating costs.
• Relevant figures: in Spain, 23% of 23% of logistics and transport companies already use data analysis, making it the third sector with the highest use of big data. In fact, 81% of 81% of supply chain managers believe that data consider data analytics to be crucial for cost reduction in their operations.

Would you like to become a data analyst?

If you want to specialize in this field, do not hesitate to enroll in our Master in Business Analytics and become one of the most demanded professional profiles by companies. Our school, Esden Business School, is a reference center where you can learn the basics of massive data analysis.