Published on Jul 19,2018
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The vastly growing data in the present scenario, is leading us to an ‘Information Economy’. This economy is based on the information gathered in multitude ways and transformed into business insights thus generating revenues. This has led to the introduction of  a new ‘Information Layer’ in the economy.

This new found ‘Information layer’ in the Economy, which is generating revenue, is increasing the growth of Global Economy as well. This growth in the global Economy will give rise to millions of new jobs.

Gartner predicts that by 2015, Big Data demand will generate 4.4 million jobs in the IT Industry all around the world.

1.9 million IT jobs will be created just in the U.S. That is how Big Data directly affects the IT Industry. In addition to these 1.9 million, each IT job will create 3 non-IT job opportunities as well. Thus reaching a mammoth figure of 6 million US  jobs, created by this new ‘Information Economy’ in the next 4 years.

Sounds Awesome? Well yes it does. But what  if we tell you that there is not enough talent in the industry.

Gartner also predicts that due to lack of skills in the individuals, only 1/3rd of these jobs will be fulfilled. Data Experts are scarce in numbers and valuable in nature, which will make the organizations to focus on achieving these skills and retract such individuals.

The Businesses will need these jobs to grow as rightly said by Peter Sondergaard, “These jobs are the future of the new Information Economy.”

In Conclusion, the next Economic Cycle is driven by Information, which will create new jobs and revenue, but necessitate the requirement of ‘skills’. Thus individuals with desirable ‘Big Data’ skills hold the baton to these changes in the upcoming Information Economy.

Credits : http://www.gartner.com/newsroom/id/2207915

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