What is the difference between trending and big data? The trending topic comes down the wall after a day or max two, big data on the other hand is here to stay and will justify its name. Big data literally is the next big thing and the companies’ go-to formula for sustainable profit and organizational excellence. If you put a number to it then IDC says Big Data industry/sector was worth $46.34 billion by 2018 and by 2019 it will grow up to $48.6 billion. Talking of the skills, Hadoop is clocking a compound annual growth rate of 58.2% between 2013 and 2020.
The in-demand Job
But, the wait is always for that bubble to burst. And it is all a part of cycle – the crest and troughs. If you are thinking or in two minds about a career in big data then the job growth is 160% from 2013 to 2020. The demand for data analysts and related profiles is on rise and there are more than one reasons:
- Companies are 15% more effective with their data backed strategies if they go for big data analytics as per a study by IBM.
- It is a cut-throat competition for companies and big data analytics can make the difference or strategies that drive organizational excellence.
- Big data is not just about IT anymore. With it a driving factor for marketing, sales and operational strategies, companies need people who can align technology with daily strategy.
Then there comes the skill gap
The old equation of demand and supply gets a bit lopsided with the skill gap. U.S. has 190,000 unfilled positions for data analysts. Companies need professionals who understand the entire data lifecycle. Task at hand is however not a single person job. Structuring a platform for big data, analysis, market analysis, business intelligence are just some of the names while you plan big data career move. You can very well build your niche as years proceed or even horizontally move to gain a formidable subject matter expertise.
Companies are ready to pay for the newest Captain of the ship
Talking about the pay scale the average salary for big data professionals is 30% ($115,000) more than most of their IT peers with equal years of experience. General Electrics shelled out a $2 billion budget for recruitment of big data analysts. As said before big data is not just about technology anymore. Crucial organizational strategies are backed by strong data analytics. Companies are in need for professionals who have a niche and expertise to drive organizational excellence. It is more than managing the entire data lifecycle, technocrats are now the blue eyed child of the company in constant symbiosis with core teams like marketing and operations. And if you think that is where the cliff ends then you should reshuffle your expectations to be a part of ever expanding universe. Data analytics has made its foray into Human Resources as companies put their focus towards employee experience and engagement.
Demand for Skills and Niche
Forbes.com says Hadoop, NoSQL and Python are the data skills that the company wants from the IT professionals. Hadoop is the biggest platform when it comes to big data and the demand for Hadoop programmers is as high as 704%. Programmers who can handle MongoDB and other unstructured data systems is 1002%. It will be an understatement to say that big data professionals are in demand.
Multifaceted Career – All You Can Eat Buffet
It is not just about big data analysts or big data scientists. With big data career there are a multiple avenues to explore, like
- Business Analyst
- Machine Learning Expert
- Solution Architect
- Analytics Consultant
- Visualization Specialist
- Data Engineer
- Big Data Analyst
You get a good pay, with a scope to explore and learn as you move along the path and the opportunities abound. A career in big data can be a win-win for technocrats.