What happens when you look for a new dress online? The internet guru also shows you some great looking footwear that might go well along the new dress you have selected. Or what happens when you pay your next mobile bill? You can check the entire history of payments you have made till date. Let’s take another example, what happens when your child leaves for home from school in the afternoon? You get an RFID message stating the exact time at which the school bus left for home!
All these day to day examples indicate just one thing… We have entered the Era of enormous Data, and this Data is only going to increase as each day passes by!! Digital Revolution is directly proportional to the amount of data generated each day, each minute and each moment of our lives. Whether we like it or not, the fact is that we cannot ignore it! So, if Data explosion is inevitable, why not make the best use of it and make our future bright and prosperous and in turn help this Digital world to become a better place to live!
More and more enterprises (whether big or small) are realizing the importance of data analytics and are keen to hire professionals who have the right skills. This is because companies and organizations have realized that their success is next to impossible if they fail to make optimum use of data generated by them every day. There is huge potential and business value attached to the numbers that seem to be clueless on the surface. Otherwise why would you think giant companies like Google, Facebook, Amazon will invest so much time, money and effort in data analytics? Because these companies understood the significance of Data analytics long back.
It goes without saying that Data Scientist, Big Data Engineers, Statisticians or Data Analysts are highly in demand world over and the good news is that India is second only to USA, when Data analytics come into picture. If you love playing with numbers and applying your logical mind, Data Scientist is the best career option for you! Yes the money earned is good, very good. However, Data Scientist job is even beyond a handsome pay! It is a very exciting and challenging career that keeps you on your toes always! And lack of professionally skilled data scientist has made this career option extremely lucrative.
Data Scientists are involved in:
- Converting complex numbers into valuable insights for the company.
- Foreseeing the future trends and taking the right business decisions.
- Accessing and evaluating data and reporting insights related to hard core business numbers to consumer behaviour and predicting marketing trends.
- Data-driven problem solving.
Why Data Science is the sexiest job of 21st Century?
- Data scientist jobs are abundant, available in most parts of the world, from giant MNCs to mid-sized enterprises.
- Data scientist jobs are very intellectual in nature involving statistics, algorithm, business acumen, sociology and computer science.
- It is one of the highest paid jobs available today and in coming years.
- Only second to US, India has the second largest demand for Data Scientists.
Data scientist salaries start anywhere from 7-8 lakhs p.a. and goes as high as 30 lakhs p.a. with 10 years of experience. The biggest jump in salaries of Data Scientist is with 5 years of experience, when analysts can expect up to a 70% raise with an average pay of 12-13 lakhs p.a.According to McKinsey Global Institute, “By 2018, U.S. itself could face a shortage of 140,000 to 190,000 people with strong analytical skills.” The advanced analytics market is predicted to increase at a CAGR of 33.2% and Big Data at a CAGR of 26.4%. The median salary for Big Data professionals is in six figures.
The more skilled you are, higher are your chances to get into your dream job! Big Data and Data analytics have revolutionized business operations and decisions. More than an MBA degree, a Phd what employers are looking for is business acumen, analytical skills, logical reasoning, and strong communication skills. Almost every industry today is hunting for Data scientist, whether it is Cyber Security, Retail, E-commerce, BioTechnology, Finance, Automobile, Manufacturing, Pharmaceutical or Hospitality.
IIHT is the leading institute that offers an Engineering Programme in Big Data and Hadoop. Equipped with State-of-the-art computer labs, well-experienced faculty, industry-mapped curriculum and strong placement cell, IIHT makes its students more employable in the job market!
Enquire about IIHT’s Big Data and Hadoop Programme and build a lucrative future for yourself!