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10 Reasons Why Big Data Analytics is the Best Career Move

Last updated on Mar 02,2020 298.3K Views
5 / 7 Blog from Career Guidance

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 10 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.

Big Data Analytics Job Trend

Source: Indeed.com

The current demand for qualified data professionals is just the beginning. Srikanth Velamakanni, 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.

You can watch the sample class recording of Edureka’s Big Data and Hadoop course here:

Hadoop Tutorial for Beginners | Hadoop Training | Edureka

 

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.

To get in-depth knowledge on Data Science, you can enroll for live Data Science Certification Training by Edureka with 24/7 support and lifetime access.

India, currently has the highest concentration of analytics globally. In spite of this, the scarcity of data analytics talent is particularly acute and demand for talent is expected to be on the higher side  as more global organizations are outsourcing their work.

According to Srikanth Velamakanni, 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’.

According to the 2015 Skills and Salary Survey Report published by the Institute of Analytics Professionals of Australia (IAPA), the annual median salary for data analysts is $130,000, up four per cent from last year. Continuing the trend set in 2013 and 2014, the median respondent earns 184% of the Australian full-time median salary. The rising demand for analytics professionals is also reflected in IAPA’s membership, which has grown to more than 5000 members in Australia since its formation in 2006.

Randstad states that the annual pay hikes for Analytics professionals in India is on an average 50% more than other IT professionals. According to The Indian Analytics Industry Salary Trend Report by Great Lakes Institute of Management, the average salaries for analytics professionals in India was up by 21% in 2015 as compared to 2014. The report also states that 14% of all analytics professionals get a salary of more than Rs. 15 lakh per annum.

A look at the salary trend for Big Data Analytics in the UK also indicates a positive and exponential growth. A quick search on Itjobswatch.co.uk shows a median salary of £62,500 in early 2016 for Big Data Analytics jobs, as compared to £55,000 in the same period in 2015. Also, a year-on-year median salary change of +13.63% is observed.

The table below looks at the statistics for Big Data Analytics skills in IT jobs advertised across the UK. Included is a guide to the salaries offered in IT jobs that have cited Big Data Analytics over the 3 months to 23 June 2016 with a comparison to the same period over the previous 2 years.


Analytics Job Titles and their Salaries

4. Big Data Analytics: A Top Priority in a lot of Organizations

According to the ‘Peer Research – Big Data Analytics’ survey, it was concluded that Big Data Analytics is one of the top priorities of the organizations participating in the survey as they believe that  it improves the performances of their organizations.

Big Data Analytics - A Top Priority in Organizations

Based on the responses, it was found that approximately 45% of the surveyed believe that Big Data analytics will enable much more precise business insights, 38% are looking to use Analytics to recognize sales and market opportunities. More than 60% of the respondents are depending on Big Data Analytics to  boost the organization’s social media marketing abilities. The QuinStreet research based on their survey also back the fact that Analytics is the need of the hour, where 77% of the respondents consider Big Data Analytics a top priority.

A survey by Deloitte, Technology in the Mid-Market; Perspectives and Priorities, reports that executives clearly see the value of analytics. Based on the survey, 65.2% of respondents are using some form of analytics that is helping their business needs. The image below clearly depicts their attitude and belief towards Big Data Analytics.

Big Data Analytics - A Top Priority in Organizations

5. Adoption of Big Data Analytics is Growing:

New technologies are now making it easier to perform increasingly sophisticated data analytics on a very large and diverse datasets. This is evident as the report from The Data Warehousing Institute (TDWI) shows. According to this report, more than a third of the respondents are currently using some form of advanced analytics on Big Data,  for Business Intelligence, Predictive Analytics and Data Mining tasks.

With Big Data Analytics providing an edge over the competition, the rate of implementation of the necessary Analytics tools has increased exponentially. In fact, most of the respondents of the  ‘Peer Research – Big Data Analytics’ survey reported that they already have a strategy setup for dealing with Big Data Analytics. And those who are yet to come up with a strategy are also in the process of planning for it.

Formal Strategy for Big Data AnalyticsWhen it comes to Big Data Analytics tools, the adoption of Apache Hadoop framework continues to be the popular choice. There are various commercial and open-source frameworks to choose from and organizations are making the appropriate choice based on their requirement. Over half of the respondents have already deployed or are currently implementing a Hadoop distribution. Out of them, a quarter of the respondents have deployed open-source framework, which is twice the number of organizations that have deployed a commercial distribution of the Hadoop framework.

Adoption of Big Data Analytics Tools

6. Analytics: A Key Factor in Decision Making

Analytics is a key competitive resource for many companies. There is no doubt about that. According to the ‘Analytics Advantage’ survey overseen by Tom Davenport, ninety six percent of respondents feel that analytics will become more important to their organizations in the next three years. This is because there is a huge amount of data that is not being used and at this point, only rudimentary analytics is being done. About forty nine percent of the respondents strongly believe that analytics is a key factor in better decision-making capabilities. Another sixteen percent like it for its superior key strategic initiatives.

Even though there is a fight for the title of ‘Greatest Benefit of Big Data Analytics’, one thing is undeniable and stands out the most: Analytics play an important role in driving business strategy and making effective business decisions.

Key Benefits of Big Data Analytics

Seventy Four percent of the respondents of the ‘Peer-Research Big Data Analytics Survey’ have agreed that Big Data Analytics is adding value to their organization and allows vital information for making timely and effective business decisions of great importance. This is a clear indicator than Big Data Analytics is here to stay and a career in it is the wisest decision one can make.

7. The Rise of Unstructured and Semistructured Data Analytics:

The ‘Peer Research – Big Data Analytics’ survey clearly reports that there is a huge growth when it comes to unstructured and semistructured data analytics. Eighty four percent of the respondents have mentioned that the organization they work for are currently processing and analyzing unstructured data sources, including weblogs, social media, e-mail, photos, and video. The remaining respondents have indicated that steps are being taken to implement them in the next 12 to 18 months.

Rise of Unstructured Data

8. Big Data Analytics is Used Everywhere!

It is a given that there is a huge demand for Big Data Analytics owing to its awesome features. The tremendous growth is also due to the varied domain across which Analytics is being utilized. The image below depicts the job opportunities across various domains.

Big Data Analytics Across Domains

9. Surpassing Market Forecast / Predictions for Big Data Analytics:

Big Data Analytics has  topped a survey carried out by Nimbus Ninety, as the most disruptive technologies that will have the biggest influence in three years’ time. Added to this, there are more market forecasts that support this:

  • According to IDC, the Big Data Analytics market will reach $125 billion worldwide in 2015.
  • IIA states that Big Data Analytics tools will be the first line of defense, combining machine learning, text mining and ontology modeling to provide holistic and integrated security threat prediction, detection, and deterrence and prevention programs.
  • According to the survey ‘The Future of Big Data Analytics – Global Market and Technologies Forecast – 2015-2020’, Big Data Analytics Global Market will grow by 14.4% CAGR over this period.
  • The Big Data Analytics Global Market for Apps and Analytics Technology will grow by 28.2% CAGR, for  Cloud Technology will grow by 16.1% CAGR, for Computing Technology will grow by 7.1% CAGR, for NoSQL Technology will grow by 18.9% CAGR  over the entire 2015-2020 period.

10. Numerous Choices in Job Titles and Type of Analytics :

From a career point of view, there are so many option available, in terms of domain as well as nature of job. Since Analytics is utilized in varied fields, there are numerous job titles for one to choose from.

  • 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 career is deep and one can choose from the 3 types of data analytics depending on the Big Data environment.

  • Prescriptive Analytics
  • Predictive Analytics
  • Descriptive Analytics.

A huge array of organizations like Ayata, IBM, Alteryx, Teradata, TIBCO, Microsoft, Platfora, ITrend, Karmasphere, Oracle, Opera, Datameer, Pentaho, Centrofuge, FICO, Domo, Quid, Saffron, Jaspersoft, GoodData, Bluefin Labs, Tracx, Panaroma Software, and countless more are utilizing Big Data Analytics for their business needs and a huge job opportunities are possible with them.

Conclusion:

Analytics no matter how advanced they are, does not remove the need for human insights. On the contrary, there is a compelling need for skilled people with the ability to understand data, think from the business point of view and come up with insights. For this very reason technology professionals with Analytics skill are finding themselves in high demand as businesses look to harness the power of Big Data. A professional with the Analytical skills can master the ocean of Big Data and become a vital asset to an organization, boosting the business and their career.

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Got a question for us? Please mention them in the comments section and we will get back to you.

Related Posts:

Top 10 Reasons To Learn Hadoop

Hadoop Tutorial for Beginners

Career in Big Data Analytics

Become Certified Big Data Professional

Comments
325 Comments
  • Siva says:

    Hello,
    I’ve done masters in Statistics and currently working as a Sr. Clinical SAS Programmer in pharma domain. I would like to change my career in Big data. Could you please suggest me on this ?
    Thanks for your time,
    Siva

    • EdurekaSupport says:

      Hey Siva, thanks for checking out our blog. As such there are no prerequisites to learn Big Data/ Hadoop. But, knowledge of Core Java and SQL will be beneficial. If you’d like to brush up on your Java skills, we offer you a complimentary self-paced Java essentials for Hadoop course when you enroll for our Hadoop Certification course, so you don’t need to worry. You can check out more details here: https://goo.gl/74PleR. Since you have knowledge of statistics, you could also check out Data Analytics with R if the career track interests you. More details here: https://goo.gl/bzytZ3. Hope this helps. Cheers!

  • I have 3+ years of exp in programming with C# ASP.Net. I want to be analyst or consultant in Big Data. What are the career paths available. Pls suggest. Also, I am good at OOPS but naive in CORE Java.

    • EdurekaSupport says:

      Hi Amresh, the very first step to become a Big Data Analyst is through Big Data and Hadoop. The prerequisite for taking up this course in knowledge in core Java. Since you are good at OOPS, it is only a matter of time to develop the required core Java skill which is essential only for MapReduce and is not required for any other tools in Hadoop ecosystem. We also provide a complemtary course ‘Comprehensive Java’ on enrolling for ‘Big Data & Hadoop’ course. You can utilize this for brushing up on Core Java concepts.

      You can check out this link for more info about the course: http://www.edureka.co/big-data-and-hadoop In case of any clarifications feel free to call us at US: 1800 275 9730 (Toll Free) or India: +91 88808 62004

  • Lidwin Cleetus says:

    What is the value of the Hadoop course provided by edureka?

    • EdurekaSupport says:

      Hi Lidwin, the Hadoop certification program at Edureka provides you the hands-on experience that is essential. You will be working on projects where you will be performing Big Data Analytics using Map Reduce, Pig, Hive & HBase. Most importantly you will get practical exposure. All this exposure and hands-on approach will provide you the necessary experience and edge over others.
      In regards to opportunities, what we are seeing as of now is just a start and there are lots of potential for professionals who will be the early movers in Big Data space.
      You can check out this link for more info about the course: http://www.edureka.co/big-data-and-hadoop You can call at US: 1800 275 9730 (Toll Free) or India: +91 88808 62004 in case of any clarifications.

  • Sameer Kodgali says:

    Hello Sir/Madam,
    I am an Engineering graduate (Electrical) with about 3.5 years of experience in core electrical design industry. I want get into the Big Data industry looking at its potential career growth prospects. Given my inexperience in the IT industry, can I enter into the IT industry by choosing Hadoop Big Data as my career ?
    Thank you in advance.

    • EdurekaSupport says:

      Hey Sameer, thanks for checking out our blog. Here’s a Hadoop career opportunities blog that will give you more information: https://goo.gl/8dSXNT. If you have core Java knowledge and basic SQL skills, you can certainly get trained in Hadoop if a Hadoop Developer career track interests you. Cheers!

  • Ankur Kumar says:

    hi,
    i am ankur kumar. and i just recently completed my masters . a am fesher yet.
    please guide me should i join hadoop for my career . is there job availble for fresher. i heard about that ,candidate must have java experinece.

    • EdurekaSupport says:

      Hi Ankur,the only prerequisite for learning Hadoop is knowledge in Core Java and is not required to have experience working on it. There is a huge demand for Hadoop skills and lots of companies are looking for freshers in Big Data space.
      If you are interested in the Developement side of Hadoop you can go for ‘Big Data & Hadoop’ course. You can check out this link for more info about the course: http://www.edureka.co/big-data-and-hadoop

      And, if you are interested in going for Analytics you can check out the list of courses here: http://www.edureka.co/search/category/Big+Data+Analytics

      In case of any clarifications feel free to call us at US: 1800 275 9730 (toll free) or India: +91-8880862004

  • Pankaj says:

    Hello, I am working as MIS executive and having good knowldege of MA excel and MS access. I want to make a carrer in data analytics, please suggest which course should i go Data science or data analytics with R.

    • EdurekaSupport says:

      Hey Pankaj, thanks for checking out our blog. If a career in Data Analytics interests you, then our Data Analytics with R can help you. The pre-requisite for this course is basic statistics knowledge. You can check out more details here: https://goo.gl/bzytZ3. Since R programming is used by Data Scientists, you could even work your way up the ladder and up-skill with Data Science later. Hope this helps. Cheers!

  • radha dalvi says:

    hello, I am working as software developer with 1 year of job experience. I would like to know whether it is good career path to switch into for me with s/w background and whether it is right time to enter in business analytics field ? how can i get well eqipped with R training and Big Data certifications?

    • EdurekaSupport says:

      Hi Radha, you can definitely switch to Analytics domain. There is a huge demand for Big Data Analytics profession as companies are adopting Analytics for making their business decisions. I would suggest you to go for ‘Business Analytics With R’ course. This course is meant for all those who are interested in working in analytics industry and are keen to enhance their technical skills with exposure to cutting-edge practices. ‘Business Analytics with ‘R’ at Edureka will prepare you to perform analytics and build models for real world data science problems. At the end of the course you will be working on a project where you be expected to implement Data Import, Manipulation, Exploration, and so on and finally visualize the analysis. The projects along with the assignments at the end of each class will give you thorough hands-on experience, which will give you an edge over others.

      You can check out this link for more info on the course: http://www.edureka.co/r-for-analytics You can call us at S: 1800 275 9730 (Toll Free) or India: +91 88808 62004 in case of any clarifications or email us at sales@edureka.co

  • kriti kumari says:

    Hello,
    i am a B.com student. i want to learn bigdata. i would like to know how can i join
    into Big data.
    what certification is required.

    kind regards,
    kriti kumari

    • EdurekaSupport says:

      Hi Kriti, knowledge in core Java is the only pre-requisite for learning Big Data & Hadoop. It is a prerequisite as the mapreduce programs are written in Java. For more information about the course please refer to the following link: http://www.edureka.co/big-data-and-hadoop You can also call us at US: 1800 275 9730 (Toll Free) or India: +91 88808 62004 to discuss in detail.

  • tanuj says:

    Does Edureka offers any specific course rrelated to Big Data Hadoop Testing ?

    • EdurekaSupport says:

      Hi Tanuj, there is no specific Hadoop testing tool available right now. However, the ‘Big Data and Hadoop’ course at Edureka is Hadoop 2.0 ready and covers aspects such as debugging MapReduce codes, checking whether the Hive/Pig scripts are meeting the specs or not. It will be a mix of Whitebox/ Blackbox strategy. Please visit this link for more information: http://www.edureka.co/big-data-and-hadoop You can call us at US: 1800 275 9730 (Toll Free) or India: +91 88808 62004 to discuss in detail.

  • Jigar Shah says:

    Hello,
    I am working as a system Administrator with 3 years of job experience and
    Well equipped with mysql.
    I would like to know how can I get into Big data field from here.
    What certifications are required?
    All the possible details.

    Kind Regards,
    Jigar Shah

    • EdurekaSupport says:

      Hi Jigar, Since you are an System Administrator, the suggested career path in Hadoop would be ‘Hadoop Administration’. The prerequisite for this course is good knowledge of Linux. Please visit this link for more information: http://www.edureka.co/hadoop-admin
      You can call us at US: 1800 275 9730 (Toll Free) or India: +91 88808 62004 to discuss further.

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