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Every few decades, the business world witnesses a revolutionary technology that compels them to rethink the way they operate. Big Data is one such technological marvel that has taken the world by storm and has pushed a majority of industry stalwarts towards its early adoption in order to remain at the top of their game. Analytics arguably the hottest skills dominating contemporary job markets, serves to be the right career choice for many.
This applies for organizations as well as professionals in the Analytics domain. For professionals, who are skilled in Big Data, there is an ocean of opportunities out there.
Why Big Data?
Companies these days generate gigantic amount of information irrespective of which industry they belong to and there is a need to store these datas which are being generated so that they can be processed and not miss out on important information which could lead to a new breakthrough in their respective sector. Atul Butte, of Stanford School of Medicine has stressed the importance of data by saying “Hiding within those mounds of data is knowledge that could change the life of a patient, or change the world”. And this is where Big Data analytics play a very crucial role.
With the use of Big Data platforms, gigantic amount of data can be brought together and be processed to develop patterns which would help the company in making better decisions which would help them to grow, increase their productivity and to help create value to their products and services.
Easy to Start
The word Data Analytics itself defines the involvement of programming frameworks that include Java, C, Python, or Scala, however, nothing can replace if you have an ability to thinks ways to breakthrough a solution.
Having a natural desire to find solutions, irrelevant to your present profession, will make it easy and interesting for you to learn languages that are in demand and specialize with time.
Soaring Demand for Analytics Professionals
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
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.
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’.
According to the 2015 Skills and Salary Survey Report published by the Institute of Analytics Professionals of Australia (IAPA), the annual median salary for data analysts is $130,000, up four per cent from last year. Continuing the trend set in 2013 and 2014, the median respondent earns 184% of the Australian full-time median salary. The rising demand for analytics professionals is also reflected in IAPA’s membership, which has grown to more than 5000 members in Australia since its formation in 2006.
Adoption of Big Data Analytics is Growing
With Big Data Analytics providing an edge over the competition, the rate of implementation of the necessary Analytics tools has increased exponentially. In fact, most of the respondents of the ‘Peer Research – Big Data Analytics’ survey reported that they already have a strategy setup for dealing with Big Data Analytics. And those who are yet to come up with a strategy are also in the process of planning for it.
Numerous Choices in Job Titles and Type of Analytics
From a career point of view, there are so many option available, in terms of domain as well as nature of job. Since Analytics is utilized in varied fields, there are numerous job titles for one to choose from.
• Big Data Analytics Business Consultant
• Big Data Analytics Architect
• Big Data Engineer
• Big Data Solution Architect
• Big Data Analyst
• Analytics Associate
• Business Intelligence and Analytics Consultant
• Metrics and Analytics Specialist