- Business and Employment
2015 – A Year of Big Data Professionals in India
Ins and Outs of ‘Big Data’ Industry in India
We have all heard about the much hyped Big Data jobs and its growing influence over IT and Indian market. With an estimated growth by $1 billion by 2015 in India, Big data sector is likely to employ more than 4.4 million professionals globally. According to NASSCOM and Crisil, global big data market is going to expand by 45% with an estimated growth of $25 billion in 2015. Current big data industry is of about $8 billion.
So, what’s the good news?
Well, with growing IT, India is likely to become leading big data employer in the world and its urban hubs like Chennai, Bangalore, Delhi, Pune and Hyderabad are likely to create pool of employment opportunities for big data professionals.
So if you are planning to switch your career or looking for a progressive IT career in India… ‘Big Data’ can be you next job destination. Indian big data industry is expected to create pool of job vacancies for freshers in cities like Chennai, Bangalore, Pune and other IT hubs of India in coming future.
What does ‘Big Data’ stands for?
According to its definition, big data is ‘extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.’ It defines huge amount of scattered, semi-structured or arranged data which could be used to analyze to extract information.
Big data is characterized by following parameters:
- Volume: The volume should be high as suggested in the name.
- Variety: Different categories to which a data belong. Knowledge of these categories allows analysts to explore and analyze entire dataset in a methodical way.
- Velocity: Velocity refers to the data generation speed. It defines the amount of speed by which data is being generated and processed to meet end demand.
- Variability: The term refers to the inconsistency in the data being generated.
- Veracity: Overall quality of data being captured, i.e, the usable amount of data being generated from a source.
- Complexity: Big data are complex to handle as the source of generation, volume, usability, connection varies and hence the complexity involved in analyzing and processing the information increases.
Why big data professionals are needed?
Increased use of information technology, digital devices and internet has increased the amount of data being generated around the world. In current technically-dependent world, around 2.5 quintillion bytes of data is created everyday which means that almost 99% of the data created till date has been created in the past 2 years itself.
Presently virtual data is created everywhere starting from ecommerce transactions to online payments, social networking to job listing, images to video platforms, weather forecasting information to cellular GPS data and professionals are need to analyze these scattered ‘big data’ and predict future trend, problem and needs.
With increasing use of IT in every sector around the world, need of big data professionals has increased widely and the potential and future of the industry is unquestionable.
Starting Salary of ‘Big Data’ Professional in India
With increasing demand, IT hubs of India like Pune, Bangalore, Hyderabad, and Chennai are likely to create hundreds of job vacancies for freshers and professionals in ‘Big Data’ segment.
The industry currently offers minimum salary of 4 Lakh while the maximum goes upto 6 Lakh.
How Big Data Benefits Businesses?
Big data helps you analyze broken and scattered pieces of data and allow businesses to explore new parameters of development. The key role that big data plays in a business is:
- Improve top line via exceptional personalization at high scale by helping businesses acquire new customers, holding and up-selling to the current customer network and enhance customer support services being offered.
- Improve bottom line via unparalleled efficiency at high scale with the ability to timely answer futuristic questions and problems affecting your business.
- Improve governance via unique monitoring at bigger scale without deploying human resource.
Leading Big Data Employers in India:
IT and big data is not new in the Indian industry. However with increased usage the gap between demand-supply ratios has increased as well. India needs more IT and big data professionals the industry evolves in future.
Big data has stayed for a while but the market has huge opportunities and development scope in coming future.
Some of the leading ‘Big Data’ employers in India are:
- Sigmoid Analytics
- Fractal Analytics
- Crayon Data
- Aureus Analytics
How Big Data is your Next Genius Career Move?
Data is everywhere and each of us is using the same to improve our life and work. We collect, preserve and share these data on daily basis and collectively form a large stack of scattered data which holds lots of information and solution to futuristic-issues. So, as data grows oceans of opportunities flood into the life of Big Data professionals. In a country like India where IT is setting its foot and Big Data is becoming the next biggest employer, cities like Bangalore, Mumbai, Pune, Chennai end up creating huge job opportunities’ for freshers and professionals.
So if you are thinking about ‘Big Data’ but still in doubt, here is how it could become your coolest career move in the coming time.
- Increasing Demand of Analytics Professionals – the number of analytics job opportunities’ have increased with time and the current demand of qualified professionals is just the beginning. The demand will keep on increasing.
- Increasing Job Opportunity and Demand-Supply Gap: Demand for IT/Big Data professionals has rapidly increased in the past few years resulting in the huge demand-supply gap. So the opportunities are huge for a potential analyst in Indian market.
- Salary: Salary package offered to a big data analyst in India range between INR 4 Lakh to INR 6 Lakh.
- Big Data Analytics – On High Priority: Most of the organizations including IT, Real Estate, Manufacturing, HR, R&D, Finance, Retail et al have now shifted their focus towards big data; hence creating tremendous opportunity for job-seekers.
Problem Faced by Current Big Data Industry in India
According to Gartner – a global research firm, Big Data is likely to create 4.4 million job demands around the world in 2015 out of which only one-third will be fulfilled. India and China are going to be the leading supplier of ‘Big Data’ workforce in the world.
The Major Hurdle
While India continues to lead ‘Big Data’ marketplace as leading workforce supplier but the major hurdle which this industry faces in India is lack of training institutions. Colleges and Institutions in India have not witnessed the actual potential of big data industry and do not provide any proper training till date. So lack of trained professionals continues to give setbacks for the Big Data market in India.
By 2016 hiring of IT professionals in India is likely to get triple despite of the market uncertainties. And the amount of growth which Indian IT industry has shown in the past couple of years it will continue to lead as one of the biggest employers. Urban hubs of the state like Delhi NCR, Pune, Mumbai, Bangalore, Hyderabad and Chennai will continue to create countless job vacancies for freshers in IT sector.
With the ‘Big Data’ evolution and development, IT and Big Data sector in India will continue to provide huge employment opportunities to trained professionals and freshers and the projected future demand will raise the need of more and more ‘Big Data’ professional around the world. So, if you are thinking of ‘Big Data’ this is the right time.