If you are still not convinced by the fact that Big Data Analytics is one of the hottest skills, here are few reasons for you to see the big picture.
1. Soaring Demand for Analytics Professionals:
Jeanne Harris, the senior executive at Accenture Institute for High Performance, 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 job trend graph for Big Data Analytics, from Indeed.com, 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 a study by QuinStreet Inc., it was found that the trend of implementing Big Data Analytics is zooming and is considered to be a high priority among U.S. businesses. A majority of the organizations are in the process of implementing it or actively planning to add this feature within the next two years.
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 is 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.
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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. Randstad states that the annual pay hikes for Analytics professionals in India are on an average 50% more than other IT professionals. According to The Indian Analytics Industry Salary Trend Report, the average salaries for analytics professionals in India was up by 21% in 2015 as compared to 2014. The report also states that 14% of all analytics professionals get a salary of more than Rs. 15 lakh per annum.
4. Big Data Analytics: A Top Priority in a lot of Organizations
According to the ‘Peer Research – Big Data Analytics’ survey, it was concluded that Big Data Analytics is one of the top priorities of the organizations participating in the survey as they believe that it improves the performances of their organizations.
Based on the responses, it was
found that approximately 45% of the surveyed believe that Big Data analytics will enable much more precise business insights, 38% are looking to use Analytics to recognize sales and market opportunities. More than 60% of the respondents are depending on Big Data Analytics to boost the organization’s social media marketing abilities. The QuinStreet research based on their survey also back the fact that Analytics is the need of the hour, where 77% of the respondents consider Big Data Analytics a top priority.
A survey by Deloitte, Technology in the Mid-Market; Perspectives and Priorities, reports that executives clearly see the value of analytics. Based on the survey, 65.2% of respondents are using some form of analytics that is helping their business needs. The image below clearly depicts their attitude and belief towards Big Data Analytics.
5. Adoption of Big Data Analytics is Growing:
New technologies are now making it easier to perform increasingly sophisticated data analytics on very large and diverse datasets. This is evident as the report from The Data Warehousing Institute (TDWI) shows. According to this report, more than a third of the respondents are currently using some form of advanced analytics on Big Data, for Business Intelligence, Predictive Analytics, and Data Mining Tasks.
With Big Data Analytics providing an edge over the competition, the rate of implementation of the necessary Analytics tools has increased exponentially. In fact, most of the respondents of the ‘Peer Research – Big Data Analytics’ survey reported that they already have a strategy set up for dealing with Big Data Analytics. And those who are yet to come up with a strategy are also in the process of planning for it.
6. Analytics: A Key Factor in Decision Making
Analytics is a key competitive resource for many companies. There is no doubt about that. According to the ‘Analytics Advantage’ survey overseen by Tom Davenport, ninety-six percent of respondents feel that analytics will become more important to their organizations in the next three years. This is because there is a huge amount of data that is not being used and at this point, only rudimentary analytics is being done. About forty-nine percent of the respondents strongly believe that analytics is a key factor in better decision-making capabilities. Another sixteen percent like it for its superior key strategic initiatives.
Even though there is a fight for the title of ‘Greatest Benefit of Big Data Analytics’, one thing is undeniable and stands out the most: Analytics plays an important role in driving business strategy and making effective business decisions.
respondents of the ‘Peer-Research Big Data Analytics Survey’ have agreed that Big Data Analytics is adding value to their organization and allows vital information for making timely and effective business decisions of great importance. This is a clear indicator that Big Data Analytics is here to stay and a career in it is the wisest decision one can make.
7. Numerous Choices in Job Titles and Type of Analytics :
From a career point of view, there are so many options available, in terms of the domain as well as the nature of the ob. Since Analytics is utilized in varied fields, there are numerous job titles for one to choose from.
- Big Data Analytics Business Consultant
- Big Data Analytics Architect
- Big Data Engineer
- Big Data Solution Architect
- Big Data Analyst
- Analytics Associate
- Business Intelligence and Analytics Consultant
- Metrics and Analytics Specialist
Big Data Analytics career is deep and one can choose from the 3 types of data analytics depending on the Big Data environment.
- Prescriptive Analytics
- Predictive Analytics
- Descriptive Analytics.
A huge array of organizations like Ayata, IBM, Alteryx, Teradata, TIBCO, Microsoft, Platfora, ITrend, Karmasphere, Oracle, Opera, Datameer, Pentaho, Centrofuge, FICO, Domo, Quid, Saffron, Jaspersoft, GoodData, Bluefin Labs, Tracx, Panaroma Software, and countless more are utilizing Big Data Analytics for their business needs and a huge job opportunities are possible with them.
Article Source – https://www.edureka.co/blog/10-reasons-why-big-data-analytics-is-the-best-career-move