News: Big Data to create a new boom in job market

Talent Acquisition

Big Data to create a new boom in job market

The 'Big Data' industry - the ability to access, analyze and use humungous volumes of data through specific technology - will require a whole new army of data workers globally. According to a McKinsey study, the US alone would face a deficit of 1,92,000 data scientists against its requirement of 4,90,000 by 2018. The demand has arisen because global enterprises today use only 5% of the data they create and store. As for India, it will require a minimum of 1,00,000 data scientists in the next couple of years, in addition to scores of data managers and data analysts, to support the fast emerging Big Data space.

The 'Big Data' industry - the ability to access, analyze and use humungous volumes of data through specific technology - will require a whole new army of data workers globally. According to a McKinsey study, the US alone would face a deficit of 1,92,000 data scientists against its requirement of 4,90,000 by 2018. The demand has arisen because global enterprises today use only 5% of the data they create and store. As for India, it will require a minimum of 1,00,000 data scientists in the next couple of years, in addition to scores of data managers and data analysts, to support the fast emerging Big Data space.

Though India doesn't have enough of this talent at the moment, tech firms like EMC, Oracle, IBM, etc, under their academic alliance programmes, are already working or planning to work with universities in India and overseas to help introduce full-length electives or crash courses on various facets of Big Data. Training outfits like NIIT, Aptech, etc, too are exploring the space.

Source: The Economic Times

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Topics: Talent Acquisition, Technology, #Updates, #Jobs

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