December 6, 2013
The dream job of an IITian is transforming from a hardcore technical job to an emerging trend of data analytics. Jobs in the field of data analytics are better paid and promise more rapid career growth. This segment of the market has witnessed incredible growth in the past 2-3 years and is set to ascend like a rocket in the coming years. Speculators have put forward their theories that given the rate of data growth, economies around the globe will generate plenty of jobs and yet face severe shortage of people with data analytical skills. It is estimated that the market size for data analytics would reach as high as 1 billion$ over next three years.
If we go back into time, you will hear a high percentage of IITians saying that their dream lies in being the major technical brain behind big firms. If they were to leave the technical domain for anything, then it would be for the administrative services or for their post-graduation studies. As of now, if we try to breathe in the placement air of IITs, we will certainly sense the aroma of data analytics penetrating deep into our systems. The major factor that attracts any fresher into a job is the package sum which a company offers. The field of data analysis tends to capitalize on the same.
The average starting package that is offered to a fresher can be related to that of a software engineer. The given data holds true only for KPO. The average analytics salary varies across the country with experience.
An interesting point to note in the salary patterns is the proportion of well-paid officials in the data analytics sector.
Big Data analysis can increase a firm’s profits by 60%. With the boost that Big Data gives to a firm’s business, offering a high paying job doesn’t hurt any firm. Moreover, the rate at which data sizes are increasing are so alarming that firms can’t survive in competitive markets without increasing their data analytics employees.
The major analytics jobs involve writing codes with supreme logic so as to derive the information out of the data. Engineers are supposed to have greater analytical and quantitative aptitudes. The cumulative effect of the two points is that a company tends to target engineers for their Big Data work and it is a win-win situation for both the company and the engineer.
"With up to five years of experience, more and more IITians are moving towards data analytics. It is the slowdown in engineering, fatigue with software and a faster growth in profile that are attributed to this changing trend," says Atul Kumar, director and co-founder of EduPristine.
Due to this change and shift from the usual engineering jobs to data and business analytics jobs, financial training companies that offer Business and Data Analytics courses are coming to the fore. The end objective of these courses is to equip an individual with the necessary tools and knowledge to tackle any problem faced by companies across various industries.
If you want to read more about what is studied in Business Analytics, click on the image below!