The Great White Shark rules the ocean by staying on top of his game. Just think how you could be on top in the Big Data ocean if you stayed on top of your game as well!
Big Data Analytics is among the hottest skills you could possibly have these days. The following are 4 reasons to help you understand the big picture and convince you to explore this exciting career field:
1. The Most Valuable Commodity for Today’s Organization is Data
IDC is projecting that 40 zettabytes (ZB) of data will have been generated by 2020. Every sector and industry now recognizes the potential of both unstructured and structured data. If they haven’t already, they are planning this year to institute big data initiatives. IDC projects that in 2015 organizations will be increasing their spending on Big Data to $16.9 billion. It is predicted that the industry in India over the next 10 years will grow 60 times.
For a majority of organizations, Big Data Analytics is going to emerge as a core business practice. It will be used to understand their customers and businesses in ways that are fundamentally new. Without the assistance of insights backed by data, it is predicted that companies will start to lose their edge and power within the marketplace. As data continues to grow at such a great rate and takes on such value within organizations, we predict that very soon there will be some type of data analysis involved in every function. This means that for those who have data analysis skills, that their growth will be virtually unlimited.
2. Hundreds of Data Jobs are Currently Unfilled
The gap in supply and demand for analytics talent is larger than it has ever been. There will be an estimated 50 to 60% shortage in data professionals by 2018. Over 1.5 million analysts and managers with the ability to understand big data and make decisions based on it will be needed. Over the next three years, 200,000 data jobs will be needed in India.
By 2018, Statistica.com reports that demand will have increased to about 440,000 jobs, with supply being limited to only 300,000 skilled workers. When your job is in demand, you get paid a higher salary, are offered more perks, and you have an outstanding career path ahead of you.
3. Great Career Growth Potential
Everywhere you turn, there is a need for Data Scientists according to Spotlightrecruitment.com. Due to the shortage in analytics talent, you can work in all different types of industries. This will allow you to move up the career ladder quickly as you continue to gain more experience. This makes it much easier for you to move more quickly into strategy related positions.
4. Provides an Excellent Life Work Balance along with a Stimulating and Challenging Work Environment
In a study conducted by Glassdoor on work life balance, data scientist received the highest rank. On the five-point scale, it achieved a 4.4 rating. Working as a data scientist involves you being part artist and part analyst. Each project is unique. You will be looking at all kinds of data and finding unique ways of providing insights and presenting them in ways that are visually stimulating. The insights that you offer will bring real changes to the organization you work for.
