Published: 27th September 2017
Data is the new oil: Hear it from the heads of data analytics institutes to know more about their courses
Top rung of Jigsaw Academy and International School of Engineering (INSOFE) tell why the IT professionals dealing with Big Data systems need Data Analytics
As the future is increasingly moving towards an automated world, much of the jobs and business models are moving the smart way. When you log into a website and search for products online, how is it that your device continues to suggest the same product even when you switch to another portal? No, you are not being spied on! The answer is quite simple. With each passing day, the devices that we use are getting smarter or in other words, companies are increasingly delving into their own pile of data to bring out a nuanced shopping experience for each customer.
Research and studies have already started highlighting the importance of data analytics. A study released by IBM reveals that an estimated 2.7 million new data analytics jobs will be in demand by 2020, and the annual demand for data-driven decision makers such as data scientists, data developers and data engineers will reach nearly 700,000.
The use of data analytics has spilt over into one of the fastest growing technologies today — Internet of Things (IoT), with a projected growth from $5bn in 2016 to $20bn in 2020
Sarita Digumarti, Founder and COO of Jigsaw Academy
According to Dr Dakshinamurthy V Kolluru, Founder and President, International School of Engineering (INSOFE), Hyderabad, students have been showing much interest in Artificial Intelligence (AI) and Machine Learning (ML).
"There is a lot of impetus for moving up the value chain. ML and AI are the most in-demand skills globally, with increasing awareness by the hour. They are sparking a lot of interest in students and several universities are introducing such programmes to meet the demand," he explains. INSOFE offers a postgraduate programme in Big Data Analytics and Optimisation for fresh graduates, as well as working professionals looking to pursue a career in Data Science.
Financial analyst, data scientist, machine learning specialist, Big Data analyst, data analyst, business analyst and HR analyst are some of the most sought-after jobs. Once done with the course, these students are placed with multinational companies as data scientists, data analytics professionals and data engineers
Another intriguing aspect of the field is its invasive growth into sectors such as Finance, IT services and other professional services. "Analytics and Data Science is a highly sought-after skill with businesses actively looking for analytics talent. Data Analytics and its applications are relevant to all sorts of industries, sectors and functional areas," says Sarita Digumarti, Founder and COO, Jigsaw Academy, Bengaluru.
Apart from offering online training for their students, the institute partners with banks, retailers and start-ups to upskill their employees. "As a marketing manager or a product owner, you need to have much better data analytics skills.
On the IT side, many IT professionals are dealing with Big Data systems, processes and products, and so they need a much better knowledge of Big Data," adds Sarita.
Go for it: Saritha says Data analytics be the sexiest job of 21st century
Talking about the trend regarding data analytics courses, Kolluru says that companies have been upscaling their data for more relevance. "Previously, Machine Learning algorithms with R language was in use. Now the industry is looking at the ability to work with much larger data sets and Python is becoming even more popular as a language of implementation. Scaling up and working on bigger data is becoming more and more relevant," he says.