Thursday, 11 February 2016

Big Data will create Big Jobs by Year 2020

A kick start for another era in computer industry with no turning back

Looking for something new and more interesting in Computer Science? Consider the revolutionary Big Data & Data Analytics– the revolutionary spree that IT companies may recruit in people by 2020, says the popular International magazine Forbes. The future workplace is surely going to be transformed by this Big Data revolution.

SO Why is it a Revolution?

We are in a technology oriented era. Companies need teams a fifth the size of those needed to do equivalent work 20 years ago. In 2014 Google, one of the big data giants, had 53,500 employees – a fraction of traditionalist IBM's 380,000 employees in that same year. The corporations' difference of revenue – $66 billion for Google, $93 billion for IBM – does not justify the difference in the size of their workforces. Thus, there is a growing demand of skills on big data and analytics mixed with business and management education. Consulting firm McKinsey estimates that India alone would need 2 lacs data scientists in the next few years, whereas US would require 20 lacs Big Data professionals in next 4 years. Chandigarh University offers a unique opportunity to students who wish to undertake Computer Science Engineering at UG/PG level with specialization in Big Data & Data Analytics for which Admission 2015 has started.

Reason for Increase in Demand for Big Data Experts in coming years

BIG Data BIG Jobs

The rate of explosion of data from India will be double that of the world average in coming years. With the rising popularity of big data, firms dealing in Insurance, Banking, Travel & Tourism Industry would require more & more data analytics professionals and data scientists to create a competitive edge.

India will remain the preferred destination for Big Data & analytics outsourcing compared with the Philippines and China. Unlike BPOs, analytics requires are not easily available in those countries. India’s analytics talent pool will be in high demand because of their process expertise and English language proficiency which means that passing out engineers in the field of Big Data from India would have plenty of job opportunities. Salaries in the analytics industry have been increasing faster than the average for the last 10 years. This trend will continue in 2014 as well.

Entry level salary

 The entry level annual salary for data analytics professional is Rs. 6-9 lacs while it is Rs. 5-8 lacs for big data professionals. These could be higher depending on experience and skills, the academy said.
India is poised to surpass US in terms of number of Internet users and with a rapid penetration of mobile devices, we can expect huge demand in the sectors such as Internet, mobile application development, social and digital media experts, he said.

Chandigarh University, in collaboration with IBM, has become the first university in North India to design a program in Big Data for engineering students and professionals. The program is designed under the guidance of IBM, and encapsulates all the required skill based learning required for this booming sector.


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