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.