Big Data Analytics: The Next Big Thing after the Internet
Have you noticed it yet?
“Set up your account for free and pay-per-use”, we all have come across this phrase at least once in our fast-paced tech-driven urban lives. Now, a preferred way of using enterprise technology, the daily consumption of email accounts, storage space, infrastructure, servers, computing power, platform, and the network has grown exponentially.
The complex, interconnected world that we live in, it is difficult to ignore the fact large volumes of data is being churned out every single day. A source of business, voluminous data or big data, as it is commonly referred to, data handling has become more challenging than ever. Thankfully, the modern technology saves the day in the form of big data analytics given the sheer volume, variety, and velocity at which data needs to be managed.
According to a 2017 IDC-SAP study of Small and Medium Enterprises in India, 80% businesses found technical deployment of data strategy easier than anticipated and 70% businesses feel the investment in data analytics exceeded expectations. These figures highlight the fact that big data analytics is the next big act in the IT sector.
The business ecosystem is also witnessing a rise in Indian companies embracing a data-driven culture. The following table presents several reasons for adoption of big data analytics.
|Reasons for adoption||Percentage|
|Improve revenue growth||49.3|
|Grow business while maintaining a level of quality||35.7|
|Become more innovative||46.0|
Source: The Boston Consulting Group
These figures apply to companies as well as professionals in the analytics domain. For those skilled in big data analytics, there exist numerous job opportunities out there.
A fast-paced world that we live in, the importance of quick and precise solutions cannot be undermined. Tailor-made solutions by using tools such as behavior & predictive analytics are critical components in increasing productivity in all major industries be it banking, fintech, insurance, IT, education, healthcare, etc.
Having said that, there is a huge gap of the talent pool that exists, and hence, the relevance of big data analytics courses. Analysing comprehensive data sets in the efficient manner possible enables organizations to discover novel correlations between various business trends, help in disease prevention and fight crime.
Big data offers a plethora of career opportunities for aspiring individuals. Because data is useless without the specialized skill to analyze it, big data jobs then become a lucrative and bright career option. Since data mining requires specific skill sets, it makes sense to equip oneself with desired qualifications.
At CodeInfin, we offer a variety of specialized courses imparted by a team of experienced educators with years of professional experience. If you are looking to climb that career ladder, choose from the various modules on Machine Learning, Big Data Developer – Hadoop, Big Data Engineer – Apache Spark, Advanced digital marketing and Advanced Machine Learning.
The time to leverage big data jobs is now and the opportunities are right here! As per the National Association of Software & Services (NASSCOM), India’s big data market is predicted to reach US$16 billion from the present US$2 billion figure by 2025. Mr. K.S. Viswanathan, Vice President at NASSCOM predicts that with a CAGR of 26%, within the next five years India will own a major chunk of around 32% of the global market.
Additionally, the various government campaigns like e-governance, smart city projects, cashless economy, etc are all geared to make the country more technology-centric and generate more skilled manpower and jobs in its wake.
With an aim to tap onto the largest transformational opportunity in the global market, India seems ripe for increased adoption of big data and related processes. Become a big data specialist today and jump onto the next wave of change!
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