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Why Big Data Analytics is the Best Career Path? Become a big Data Engineer in 2018.
Why Big Data Analytics is the Best Career Path?
Hello guys my name is Daniel and you are watching beginner tuts and in this video, we are going to talk about why big data analytics is the best career path? If you’re looking for an amazing career option in information technology and don’t know anything about this industry, then this video can help you become a big data analytics engineer. The Average salary of a big data engineer is 100,000 annually… That’s right guys. 100 grand a year. Now you must be wondering, what the heck is big data??
Big data is a term for data sets that are so large or complex that traditional data processing application software is too weak to deal with them. Big data challenges include capturing data, data storage, data analysis, search, sharing, transfer, visualization, querying, updating and information privacy.
The Great White is considered to be the King of the Ocean. This is because the great White is on top of its game. Imagine if you could be on top of the game in the ocean of Big Data!
Big Data is everywhere and there is almost an urgent need to collect and preserve whatever data is being generated, for the fear of missing out on something important. There is a huge amount of data floating around. What we do with it is all that matters right now. This is why Big Data Analytics is in the frontiers of IT. Big Data Analytics has become crucial as it aids in improving business, decision makings and providing the biggest edge over the competitors. This applies for organizations as well as professionals in the Analytics domain. For professionals, who are skilled in Big Data Analytics, there is an ocean of opportunities out there.
Why Big Data Analytics is the Best Career move?
If you are still not convinced by the fact that Big Data Analytics is one of the hottest skills, here are 5 more reasons for you to see the big picture.
1. Soaring Demand for Analytics Professionals:
Jeanne Harris, 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.
The current demand for qualified data professionals is just the beginning. Srikanth, the Bangalore-based cofounder and CEO of CA headquartered Fractal Analytics states: “In the next few years, the size of the analytics market will evolve to at least one-thirds of the global IT market from the current one-tenths”.
Technology professionals who are experienced in Analytics are in high demand as organizations are looking for ways to exploit the power of Big Data. The number of job postings related to Analytics in Indeed and Dice has increased substantially over the last 12 months. Other job sites are showing similar patterns as well. This apparent surge is due to the increased number of organizations implementing Analytics and thereby looking for Analytics professionals.
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 being a ‘Hot’ job, there is still a large number of unfilled jobs across the globe due to 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.
According to Srikanth, co-founder and CEO of Fractal Analytics, there are two types of talent deficits: Data Scientists, who can perform analytics and Analytics Consultant, who can understand and use data. The talent supply for these job title, especially Data Scientists is extremely scarce and the demand is huge.
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. This phenomenon is being seen globally where countries like Australia and the U.K are witnessing this ‘Moolah Marathon’.