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Big data Career Opportunuties

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Big data Career Opportunuties

  1. 1. By Devasish Misra Confidential & Proprietary, Devasish Misra CAREER OPPORTUNITIES
  2. 2. Big Data - Buzz Word of “21st Century” • Big Data analytics is the buzz word of the 21st Century. Not only has it been “The Topic” in resent times but also is the Hot Topic of discussion among IT & Non-IT professionals. • Training Institutes have taken advantage of the situation and have been offering courses without any significant knowledge in that area. • Is Big Data a science, art, programming language, software package, hardware, server or service? • Is it only for Information Technology, Computer Science, MCA students? • Is it only for software companies? • Does non-IT companies employ Big Data Engineers? • What is the Job Opportunity with Big Data Knowledge VS General IT programming Knowledge?
  3. 3.  Consulting Companies – Large MNC, Information Technology, SW  E-commerce sites  Media (Channels) – News, Business, Sports, Music, Portals, etc  Retail – FMCG, White Goods, etc  Insurance – Life and Non-Life, underwriting, actuarial, etc.  Banking & Securities – Stock Broking, Exchanges, Retail Banking, etc  Manufacturing – Automobile, Telecom, Airline, etc  Research Institutes - Analyst, scientist, Bio-Technologies, etc  Government – IoT, Politics, Urban Planning, Agricultural, Metallurgical, Meteorological, Astronomy, Research, Healthcare, etc  Education - Technical Institutes, Training Institutes, etc  Healthcare Providers – Diagnostic Centres, Hospitals, Research, etc.  Transportation, Hospitality, Utilities and Wholesale Trade  Entertainment (Reviews) – Movies, Stars, Songs, Albums, Artist, etc Potential Industry “Market” ? 3 Confidential & Proprietary, e-cognosys LLC
  4. 4. Big data is creating big career opportunities • Still, with the exception of a few notable firms like Amazon and Google, Michael Chui, a partner at the McKinsey Global Institute said many companies have not benefited as much as expected from big data's insights, in large part because there are not enough people with the deep analytical skills needed to mine the data. – Because of this, Chui stands by a 2011 report from McKinsey predicting there could be a shortage of between 140,000 and 190,000 of these workers by 2018, as industries well beyond tech look for workers who can help them improve their companies by utilizing information gleaned from big data. – McKinsey's Chui said future data scientists also need to be skilled in statistics, and to be able to tell stories with data, to make it understandable to a variety of people. Confidential & Proprietary, e-cognosys LLC
  5. 5. LinkedIn's head of data recruiting, Sherry Shah, describes the job market for these candidates as being "very hot right now" as the data field is "very sexy.” "So its superhard to find the right talent," she said. Shah said while 80 to 90 percent have a computer science background, the company also looks for employees in industries like biomedical or political science. • Bigdatacareer.in : By 2018, it is estimated that 5 million IT jobs will be created to support big data globally. Each job in big data, as in the IT sector, is expected to create 3 more job opportunities based on insights and innovations unlocked from this data. - By 2020 the world will generate 50 times the amount of information it produces today. At the same time, the IT staff to manage this information will increase by 1.5 times. Business leaders said they experience at least a moderate shortage of required skills to run their business. This proportion reaches 43% in Europe. Confidential & Proprietary, e-cognosys LLC Big data is creating career opportunities…cont’d
  6. 6. • One of the major hurdles for the big data industry, is a major skills gap between the number of qualified workers and the expected demand over the next few years • Convergence of IoT, cloud, and big data create new opportunities for self-service analytics • Jeanne Harris, senior executive at Accenture, has stressed the significance of analytics professionals by saying, “…data is useless without the skill to analyze it.” 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 Big Data Analytics Global Market for Apps and Analytics Technology will grow by 28.2% CAGR, for Cloud Technology will grow by 16.1% CAGR, for Computing Technology will grow by 7.1% CAGR, for NoSQL Technology will grow by 18.9% CAGR over the entire 2015- 2020 period. Confidential & Proprietary, e-cognosys LLC Big data is creating career opportunities…cont’d
  7. 7. • The current demand for qualified data professionals is just the beginning. Srikanth Velamakanni, the Bangalore-based cofounder and CEO of CA headquartered Fractal Analytics states: “In the next few years, the size of the analytics market will evolve to at least one-thirds of the global IT market from the current one-tenths” • 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. Confidential & Proprietary, e-cognosys LLC Big data is creating career opportunities…cont’d
  8. 8. Confidential & Proprietary, e-cognosys LLC Big data Analytics Job Titles & Salaries
  9. 9. Confidential & Proprietary, e-cognosys LLC Big Data Analytics - Usage Across Industries
  10. 10. To Conclude BigData Technologies, Cloud Computing & Internet of Things is the next biggest thing in the Industry. 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. Confidential & Proprietary, e-cognosys LLC
  11. 11. Impact of U.S. plans to change high-skilled visas “It is unclear at this point. However, if the proposals for changes at the H1-B visa norms (happen), the industry will surely have an impact,” said S Gopalakrishnan, a co-founder and former chairman of Infosys. Anticipating a more protectionist U.S. technology visa programme under a Donald Trump administration, India's $150 billion IT services sector will speed up acquisitions in the United States and recruit more heavily from college campuses there. "We have to accelerate hiring of locals if they are available, and start recruiting fresher's from universities there in the USA," said Infosys' Rao, noting a shift from the traditional model of recruiting mainly experienced people in the US Indian Express Newspaper has announced that Infosys has a negative recruitment growth in 2016-17 for the first time in last 33 years. Confidential & Proprietary, e-cognosys LLC
  12. 12. Thank You Any questions please feel free to ask or send your queries to: Email Id: davemishra@gmail.com sales@ecognosys.com Mobile : +91-98201 88960 Confidential & Proprietary, e-cognosys LLC

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