
Big Data is omnipresent, and it is really essential to capture and store all the data being generated, so we do not miss out on something significant. There is ample data out there, and what we do with it is most important. That is why Big Data Analytics is really crucial in technology. It assists businesses in making improved decisions and provides them with a competitive advantage. This is applicable for businesses as well as individuals working in the Analytics sector. For instance, individuals who understand Big Data and Hadoop have a plethora of job opportunities. For instance, in the online lending sector, Big Data assists lenders in making faster and better decisions, which enhances the experience of individuals who apply for a loan.
Why Big Data Analytics is a Wonderful Career Choice ?
If you are still in doubt as to why Big Data Analytics is a sought-after skill, here are 10 additional reasons to help you comprehend it better.
1. Analytics Workers: As Jeanne Harris, a senior Accenture Institute for High Performance executive, says, "data is useless without the skill to analyze it." Today, there are more Big Data and Analytics careers than ever. IT professionals are prepared to spend money and time to learn these skills because they realize it is a good career choice for the future.
The need for data professionals will only just start. Srikanth Velamakanni, ceo and cofounder of Bangalore-based Fractal Analytics, forecasts that in the next few years, the analytics market will grow to at least one-third the size of the worldwide IT market, now one-tenth.
Technology experts who are experienced in analytics are in demand because companies want to take advantage of Big Data. Job listings for analytics on platforms like Indeed and Dice have increased dramatically in the past year. Other job platforms are seeing the same growth. This is happening because more companies are beginning to use analytics and need staff with such knowledge.
QuinStreet Inc. carried out a survey and found that Big Data Analytics is becoming highly important for the majority of firms in America. They are either already using it or planning to use it in the next two years. If you want to learn more about Big Data and how it is being applied, you can look at online Data Engineering Courses.
2. Large Job Opportunities and the Closing of the Skills Gap:
There is more demand for analytics professionals, but no one with the right training is around to meet that demand. It is occurring everywhere globally and not in a particular location. Although Big Data Analytics is a lucrative job, most of the jobs remain unfilled because there are not enough professionals who have the right education. McKinsey Global Institute reports that by 2018 America will require nearly 190,000 data scientists and 1.5 million managers and analysts who have the ability to comprehend and make decisions from Big Data.
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3. Salary Details:
Its high demand for Data Analytics experts is driving salaries upwards for competent staff, making Big Data a viable career for those who have the right skills. It is occurring on a global scale, as nations such as Australia and the U.K. are witnessing staggering salary growth.
The Institute of Analytics Professionals of Australia (IAPA) 2015 Skills and Salary Survey Report indicates that data analysts have an average salary of $130,000 per year, an increase of 4% from the previous year. The average data analyst salary for the past few years has been around 184% of the average full-time employee salary in Australia. The outlook for analytics professionals can also be estimated from the membership of IAPA, which has reached over 5,000 members in Australia since its founding in 2006.
Randstad cites that the increase in yearly salary for Analytics employees in India is, on average, 50% more than other IT employees. As per the Great Lakes Institute of Management Indian Analytics Industry Salary Trend Report, salaries for analytics personnel in India increased by 21% in 2015 from 2014. As per the report, 14% of overall analytics personnel earn more than Rs. 15 lakh per annum.
The U.K. salary trend for Big Data Analytics is also increasing very fast and positively. A search on Itjobswatch.co.uk in early 2016 indicated that the average salary for Big Data Analytics job advertisements was £62,500, whereas in early 2015 it was £55,000 for the same jobs. The salary increased 13.63% year on year.
4. Big Data Analytics: Extremely Critical for Most Organizations
The 'Peer Research – Big Data Analytics' report indicates that big data analytics is extremely crucial to the majority of organizations. They believe it assists them in improving and succeeding.
Based on the survey answers, approximately 45% of the respondents hold the view that Big Data Analytics will help companies gain better insights. Another 38% wish to utilize Analytics to uncover sales and market opportunities. Over 60% of the respondents are utilizing Big Data Analytics to leverage their social media marketing. QuinStreet's findings also show that Analytics is extremely significant, with 77% of individuals stating that Big Data Analytics is extremely significant.
A Deloitte survey, titled Technology in the Mid-Market; Perspectives and Priorities, says that most leaders perceive the value of analytics. Based on the survey, 65.2% of the individuals already use some form of analytics to advance their businesses. The following image depicts their strong faith in Big Data Analytics. To learn more about Big Data and its application, refer to the Azure Data Engineering Course in India.
5. There are more Big Data Analytics users:
New technologies are making it easier for individuals to conduct sophisticated data analysis on large and varied sets of data. It has come to be learned through a survey conducted by The Data Warehousing Institute (TDWI) that over one-third of the individuals surveyed are already using advanced analytics on Big Data for purposes like Business Intelligence, Predictive Analytics, and Data Mining.
Big Data Analytics enables organizations to perform at a higher level than their peers, and thus, there are increasingly more companies that are beginning to utilize the appropriate tools at the appropriate time. Most of the respondents to the 'Peer Research – Big Data Analytics' survey already have a plan to implement these tools. The others are working hard to develop one.
The Apache Hadoop framework is the most popular. There is a paid version and a free version, and companies select the one they prefer. More than half of the respondents have started using or plan to use a version of Hadoop. Of these, a quarter have chosen the free, open-source version of Hadoop, which is twice the number of companies that chose the paid version.
6. Analytics: A Key Component of Decision Making
Analytics is the most critical for the majority of organizations, and everyone is unanimous on this point. As per the 'Analytics Advantage' survey, 96% of respondents are of the opinion that analytics will be more critical in the next three years. This is because there is plenty of untapped data, and currently, only basic analytics is being executed. Around 49% of the individuals interviewed firmly opined that analytics makes better decisions. Another 16% opine that it's great to make better crucial plans.
7. The Emergence of Unstructured and Semistructured Data Analytics
The 'Peer Research – Big Data Analytics' survey indicates that businesses are rapidly expanding the application of unstructured and semistructured data analytics. 84% of the participants reported that their businesses already process and analyze unstructured data like weblogs, social media, emails, photos, and videos. The other participants reported that their businesses will begin to use these sources of data within the next 12 to 18 months.
8. Big Data Analytics is Used Everywhere!
There exists a huge demand for Big Data Analytics due to its incredible characteristics. Big Data Analytics is growing as it is applied to numerous different fields. The following is the image depicting the job opportunities in various fields where Big Data is applied.
9. Defying Market Projections for Big Data Analytics
Big Data Analytics has been labeled the most disruptive technology by the Nimbus Ninety survey. That is, it will make a huge impact within the next three years. There are some other market forecasts that confirm the same:
• The IIA says Big Data Analytics solutions will help enhance security by utilizing machine learning, text mining, and other mechanisms to predict, identify, and circumvent threats.
A survey named The Future of Big Data Analytics – Global Market and Technologies Forecast – 2015-2020 shows that the global market is expected to grow by 14.4% annually from 2015 through 2020.
• The Apps and Analytics Technology Big Data Analytics market is projected to grow at 28.2% annually, Cloud Technology at 16.1%, Computing Technology at 7.1%, and NoSQL Technology at 18.9% during the same period.
10. Many Options of Job Titles and Analytics Types:
From a career point of view, there are numerous options for the job that you do and the industry you do it in. Since Analytics is applied to numerous industries, there are numerous different job roles to choose from, including:
• 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 professions are diverse, and you can select any of the three forms of data analytics depending on the Big Data environment:
• Prescriptive Analytics
• Predictive Analytics
• Descriptive Analytics
Numerous organizations, such as IBM, Microsoft, Oracle, and more, are applying Big Data Analytics to their business requirements. Due to this, numerous job opportunities exist with these organizations. Conclusion: Although analytics may be tricky, it does not eliminate the requirement for human judgment. That is, in fact, businesses require professionals with analytics certification to interpret data, consider business requirements, and deliver actionable insights. That is why professionals with analytics certification are in huge demand since companies desire to utilize the advantages of Big Data. If you wish to be a specialist, you may enroll in courses such as iCert Global's Data Architect course. The course trains in Hadoop, MapReduce, Pig, Hive, and many more. A professional with analytical skills can comprehend Big Data and become a productive employee of a business, contributing to their career and the business as well.
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Conclusion:
In conclusion, Big Data is becoming a huge part of many industries, creating lots of job opportunities and offering great salaries for people with the right skills. As businesses rely more on data to make important decisions, there is a growing demand for professionals who can analyze and understand that data. By learning about Big Data and getting certified, such as through courses like iCert Global’s Data Architect course, you can unlock many career paths in tech and business. So, if you're interested in working with data and solving problems, Big Data is a great field to explore for your future career!
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