Why Big Data Analytics is the Best Career move
If you are still not convinced by the fact that Big Data Analytics is one of the hottest skills, here are 10 more reasons for you to see the big picture.
- Soaring Demand for Analytics Professionals:
Jeanne Harris, senior executive at Accenture Institute for High Performance, has stressed the significance of analytics professionals by saying, “…data is useless without the skill to analyze it.” There are more job opportunities in Big Data management and Analytics than there were last year and many IT professionals are prepared to invest time and money for the training.
The job trend graph for Big Data Analytics, from Indeed.com, proves that there is a growing trend for it and as a result there is a steady increase in the number of job opportunities.
- Huge Job Opportunities & Meeting the Skill Gap:
The demand for Analytics skill is going up steadily but there is a huge deficit on the supply side. This is happening globally and is not restricted to any part of geography. In spite of Big Data Analytics being a ‘Hot’ job, there is still a large number of unfilled jobs across the globe due to shortage of required skill. A McKinsey Global Institute study states that the US will face a shortage of about 190,000 data scientists and 1.5 million managers and analysts who can understand and make decisions using Big Data by 2018.
India, currently has the highest concentration of analytics globally. In spite of this, the scarcity of data analytics talent is particularly acute and demand for talent is expected to be on the higher side as more global organizations are outsourcing their work.
According to Srikanth Velamakanni, co-founder and CEO of Fractal Analytics, there are two types of talent deficits: Data Scientists, who can perform analytics and Analytics Consultant, who can understand and use data. The talent supply for these job title, especially Data Scientists is extremely scarce and the demand is huge.
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- Salary Aspects:
Strong demand for Data Analytics skills is boosting the wages for qualified professionals and making Big Data pay big bucks for the right skill. This phenomenon is being seen globally where countries like Australia and the U.K are witnessing this ‘Moolah Marathon’.