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Importance And Scope of Data Analytics in India

por Charla Goss (02/07/2020)

The Jobs of the Machine First World

Data analytics, data science industry in India, tour trung quốc which currently earns $2.71 billion annually in terms of revenues, has been growing at a rate of 33.5% CAGR per year.

By 2025, it is estimated to grow up to seven times to become a 20 billion-dollar industry. Additionally, according to the WEC's Future of Jobs Report 2018, data analysts and data scientists would be among the 133 new roles that are expected to take over the job landscape by 2022.

The Scope

In the current, competitive market space, data analysis plays a crucial role in helping students, professionals, and business owners improve their chances at success in their line of work. Experts in data analytics are critical for industries that generate big data annually and need proper data pipelines.

Despite this growing need, over 50,000 jobs in data science and machine learning are vacant in India, due to the massive skill gap.

How do we prepare?

Every year, of the 15 million youth that joins the workforce, approximately 65 to 75% fail to be employed because they are not job-ready.

Despite many significant initiatives taken to skill the workforce, only 10 per cent received the same. Therefore, in order to overcome this concern, individuals need to take up the leadership and focus on getting themselves skilled and certified in the new age technologies.

A cloud-based, collaborative learning marketplace that concentrates on retooling education based on the needs of the modern economy and maps them to current trends can help candidates to up-skill themselves in data analytics. Learning multi-modally and brainstorming on upcoming initiatives under expert guidance through specialized communities can ensure superior learning outcomes.
With certification on domain expertise candidates can avail the umpteen career opportunities in the prominent and upcoming field of data analytics and big data.

Data analysis has many applications in the Machine First world and is penetrating to different sectors at a rapid pace.

With greater adoption and increasing market presence, it is expected to create a significant impact on the progress of the nation financially as well as socially. Besides improving the industrial infrastructure, working efficiency, and annual revenue, it will also help businesses achieve an advantage over their competitors.
Skilling and certifying oneself with data analytics, therefore, will take individuals a long way in the era of Business 4.0 and provide them with higher incomes and greater job security.

TCS iON is a strategic business unit of Tata Consultancy Services focused on enabling institutions, government departments and tour trung quoc organisations from multiple industry sectors to be efficient in their recruitment/admissions process, learning and skilling and overall business operations with the use of 'Phygital' platforms.

These are platforms that overlay digital technologies over physical assets. iON delivers this with a unique IT-as-a-Service model that provides easy-to-use, secured, integrated, and hosted solutions in a build-as-you-grow and pay-as-you-use business model.
Serving clients with the help of best practices gained through TCS' global experience, deep domestic market exposure along with industry leading technology expertise.