Benefits and scope of data science and data analytics courses in india
Data Science and Data Analytics, not new fields by any means, have seen a rapid growth in the recent years due to the huge progress in technology and communication (especially the internet). Quintillions of data are generated every year. These seemingly unrelated data, using data science and data analytics, are being analyzed and correlations, trends and patterns are being unearthed. Organizations are embracing data analytics and data science in a big way, and generating higher profits, better customer engagement and overall business success. Data analytics and data science are also being embraced by more and more industries too. This has led to a demand for more data experts and thereby, an increase in the number of data analytics certification courses.
What do data science and data analytics courses entail?
Data science and data analytics courses equip learners with the knowledge, skill, tools and techniques required to engage in the field. There are a wide variety of courses you can choose from. These vary in their content, specialization, difficulty level/ depth, nature, etc. and you can choose a course based on your skill set, experience, educational background and needs. There are courses for freshers without Mathematics/ Statistics/ Programming knowledge to specialization courses for data professionals.
Some of the courses that are available include:
- Data analytics
- Data Sciences
- Big Data
- Data Mining
- Marketing Analytics
- Machine Learning
- Customer Valuation, etc.
Benefits and Scope of Data Science and Data Analytics Courses in India
India as the go-to destination: India is the preferred location for organizations around the globe for outsourcing work in KPO, BPO and IT sectors due to a good pool of talent and best performance to cost ratio. With plenty of professionals well-versed in Mathematics/ Statistics/ Programming and a growing number enrolling themselves in data science and data analytics certification courses, India’s analytics sector is already experiencing heavy demand for outsourcing services and India is expected to be the preferred destination for analytics as well in the coming years.
There is a
growing domestic demand among Government and public agencies for data analytics in order to study and address pressing issues such as air pollution, power shortage, financial inclusion, etc. Solutions can also be tested using big data and data sciences.
Top Organizations’ Needs: Over 75% of top organization across sectors and around the globe recognize the importance of data analytics to business development and success and are increasingly using it for a variety of functions. Skilled data professionals and experts are, therefore, coming to occupy a crucial position in the organizations.
Surge in Job opportunities and Pay Scale: Like we discussed earlier, the industry is growing and creating a surge in the job opportunities. There is a demand for 2.3 million professionals worldwide, which is not being adequately met. This talent crunch has led to high salaries for data specialists. In India, the average entry-level salary for data scientists and data analysts is around Rs. 4,00,000 p.a. and experienced professionals can earn as high as Rs. 12,00,000 p.a. Those with specific skills sets, expertise and education like programming, machine learning, data mining, statistical analysis, Hadoop, Python, etc. earn even higher salaries, and so do those in managerial positions. Experts have found that data experts earn nearly 50% more than IT and Engineering-based professionals.
There is going to be a steep demand for Chief Data Officers, with every firm wanting to create this position. Experts in analytics, integration, management, big data engineering, Machine Learning Specialists, data architects, programming, etc. will be sought after too. Privacy, confidentiality and cybersecurity are posing more problems for data and accordingly, there is a surge in demand for specialists in this area as well.
Growth across industries: Currently, few fields have seen the benefits of data analytics and embraced it, namely- investment banking, media agencies, internet-based firms, etc. However, more industries are opening their doors to data analytics and data sciences such as health management, tourism, psychology, education, etc.
The industry in 2020: Like we discussed earlier, the analytics sector is fast expanding across the globe and likewise in India. By 2020, a whopping 7MB data per second will be generated and the current demand for 2.3 million trained data professionals is expected to grow manifold too. At present, India alone has around 600 firms that engage in data analytics and 100 startups in the process of launching. The number of firms, by 2020, will grow manifold. It is forecasted that the demand for qualified data experts will be 2 lakhs and the industry valuation will be $203 billion by 2020.
It is adequately clear that the field of analytics is expanding and a resultant increase in demand for qualified professionals. It is in the best interest of freshers and experienced professionals alike to take up data science and data analytics certification courses to give themselves an edge and to improve their position in the corporate ladder.
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