What are the career & job prospects in India for Big Data and Analytics?

With more than 5 exabytes of data produced daily across various sectors and with increasing consumers and their consumption, the data levels have reached the roof. Maintenance of such huge amounts of data into various structured and unstructured formats becomes difficult to analyze and store, this is where BigData Frameworks come in to store, analyze, cleanse data in an appropriate way so an organization can take a wise decision of these abundant data streams. Bigdata professionals are in high demand who have exposure to various datasets and framework like Hadoop, Hbsae, Oozie, Cassandra, pig, Mapreduce, Hive. They are heavily paid depending on the use cases they have undertaken. One can get major opportunities into E-commerce, Telecom, IT firms into Data science roles with salary starting from 10LPA for freshers.

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Maintenance of such huge amounts of data into various structured and unstructured formats becomes difficult to analyze and store, this is where BigData Frameworks come in to store, analyze, cleanse data in an appropriate way so an organisation can take a wise decision of these abundant data streams. Bigdata professionals are in high demand who have exposure to various datasets and framework like Hadoop, Hbsae, Oozie, Cassandra, pig, Mapreduce, Hive. They are heavily paid depending on the use cases they have undertaken. One can get major opportunities into E-commerce, Telecom, IT firms into Data Science roles with salary starting from 10LPA for freshers. Thank you.

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Analytics no matter how advanced they are, does not remove the need for human insights. On the contrary, there is a compelling need for skilled people with the ability to understand data, think from the business point of view and come up with insights. For this very reason, technology professionals with analytics skill are finding themselves in high demand as businesses look to harness the power of Big Data. A professional with the analytical skills can master the ocean of Big Data and become a vital asset to an organization, boosting the business and their career. 1. Soaring Demand for Analytics Professionals: Data is useless without the skill to analyze it. There are more job opportunities in Big Data management and Analytics than there was last year. The job trend graph for Big Data Analytics, from Indeed, proves that there is a growing trend for it and as a result, there is a steady increase in the number of job opportunities. In the next few years, the size of the analytics market will evolve to at least one-third of the global IT market. From the current one-tenths Technology professionals who are experienced in Analytics are in high demand as organizations are looking for ways to exploit the power of Big Data. The number of job postings related to analytics in Indeed and Dice has increased substantially over the last 12 months. Other job sites are showing similar patterns as well. This apparent surge is due to the increased number of organizations implementing analytics and thereby looking for analytics professionals. 2. 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 the 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. 3. 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.

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The Analytics and Data Science jobs related to analytics are currently available to be filled in India. This increase in the number of jobs available in analytics is at nearly twice that of the previous year and suggests increased momentum in hiring in analytics and data science in India, according to the news reports. Skills in R and Python remain the most sought after that analytics companies are looking for, with almost 36 per cent of advertised analytics jobs in India demanding R as a core skill and another 30 percent Python, followed by Hadoop, SAS and Spark, among others. In terms of domains, the banking and financial domain continues to be the biggest creator of analytics jobs. Banking and financial contributed nearly 46 per cent of all analytics and data science jobs, followed by e-commerce and pharma, among others. For fresh engineering graduates stressed due to lower IT hiring, analytics is the new go-to field. A good 42 percent of analytics job openings are looking for a BE/B.Tech degree, while another 40 per cent looks for post-graduate qualifications like MBA, M.Tech etc. Jobs in analytics and data science have grown by 100% over the last year adding tens of thousands of employment opportunities. However, a large portion of people in IT will need to re-skill themselves in data science to make the most of this employment boom.

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India currently contributes to 12 percent of worldwide analytics and data science job openings, making it the largest analytics hub in the world, outside the US. Top players like Amazon, Citi, HCL, Goldman Sachs and IBM stand out to be the leading organizations with the most number of analytics openings in 2017. In terms of cities, Bengaluru accounts for the highest number of jobs with around 25 percent of all analytics jobs. Almost 50 percent of jobs in analytics are for those between 2-7 years of experience across all cities. For freshers, however, Chennai stands out in terms of a total number of openings. In terms of domains, the banking and financial domain continues to be the biggest creator of analytics jobs. Banking and financial contributed nearly 46 percent of all analytics and data science jobs, followed by e-commerce and pharma, among others. 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 is a Hot job, there is still a large number of unfilled jobs across the globe due to the shortage of required skill.

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There has been a tremendous buzz around the Big Data (also referred to as the Internet of Things) and Big Data Analytics Jobs in 2014 & 2015. If the previous year’s saw the megatrends of Big Data, Cloud, DevOps & Internet of Things; 2015 was the year of machine data analytics. According to analysts, the big data market has been predicted to be USD $50 Billion by 2019. Hence, Masters (MS) in Data Science or Data Analytics has been one of the hottest trends among study abroad students and working professionals in recent times. Big Data is a broad, popular and evolving term for the extremely large amount of structured, semi-structured and unstructured (non-structured) data sets, which can be analyzed using special software and techniques in order to find patterns, trends, and associations of human behaviors and interactions. Big Data Analytics is the process of analyzing big data to reveal hidden patterns, unique correlations, popular trends, customer (consumer) behavior and other critical and useful business information. There are a plethora of career opportunities for the professionals who have got sound knowledge and skill-set in the field of Big Data Analytics globally. In India, the growing economy, rising number of startups, consumer-driven market, e-commerce boom and billion-plus population are some of the important factors that will create huge opportunities in the Big Data Analytics field along with the opportunity of earning Big Money. In India, the demand of people with good knowledge of Big Data Analytics is huge and currently there is a huge shortage. At entry level a Master’s degree holder in Data Science, Data Analytics or related degree can fetch a pay package of 4-10 Lakhs per annum. Professionals with 3-6 years and 6-10 years of experience can expect annual salary of 10-20 Lakhs and 15 30 Lakhs respectively. With 10-15 years of experience it is also possible to earn an annual package of more than 1 crore.

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