The $3.03billion analytics industry of India has turned out to be very promising for individuals with skills in cutting edge digital technologies and solutions. According to NASSCOM, India created 170,000 new tech jobs in 2018-19 with the highest demand observed in AI, analytics and cybersecurity.
At a time when increasing unemployment is creating a massive problem in India, the flourishing analytics industry has become the silver lining for lakhs of promising tech-grads. With digitization on the rise and the government pushing for rapid digital transformation, a career in the booming analytics sector of India looks very lucrative.
However, there exists an acute skill gap in the country and most jobs remain unfulfilled for days. This is why many are opting for analytics courses in India and many more are going for upskilling from online analytics training courses.
If you are wondering about whether analytics is the best career choice for you then here are the top reasons why you must consider the field of analytics:
- There is huge demand for skilled data analysts
The demand for analytics is increasing constantly. In a digital space there is no way an organization can avoid the potential which data holds and in order to leverage that data, analysts must be employed.
It is the task of a data analyst to go through massive volumes of data for excavating key insights which are of immense help to executives in decision making. Most business executives today want to make informed and smart decisions based on established facts which is only possible through data analytics.
This is why companies today are increasingly hiring analytics experts and there is a huge demand for skilled data analysts and business analysts. Even in India the demand is very high as the country is undergoing rapid digital transformation with booming digital sectors like e-commerce, M&E and ICT.
- Analytics has found application on a variety of fields
In a digital ecosystem data reigns supreme and data analytics enables institutions to arrive at great value through analysis of large data sets. Thus, any kind of institution in a digital ecosystem is implementing data analytics.
Apart from business organizations, banks utilize predictive data analytics for predicting frauds and scams while healthcare institutions employ it for predicting the likelihood of diseases. Cops take help of data analytics in understanding crime patterns and various security agencies utilize a fascinating branch of data analytics called behavioural analytics for recognizing potential threats beforehand. Even sports teams take the help of data analytics in the form of sports analytics to perform better!
Thus, a career in data analytics will allow you to choose your favourite field of interest.
- Data analytics is future proof
The fourth industrial revolution or IR 4.0 is creating disruptions across the globe and India is no alien to it. The increasing prominence of technologies like IoT, Big Data, blockchain and cloud computing is hurting traditional IT skills and job roles.
Studies show that digitization is going to kill many traditions job roles and skills which previously ruled the employment sector will increasingly lose relevance.
However, data analytics skills are not only going to stay relevant even in distant future but also gain more prominence with the growing wave of digitization. Thus, by choosing data analytics you can easily future proof yourself and stay worry free.
- Opportunity to work for leading institutions and earn Big bucks
Data analysts find work in some of the best institutions of the world. E-commerce giants like Amazon and Alibaba are in constant search for talented analysts and in India analytics firms like Accenture and Fractal Analytics are the top recruiters in the field.
Technological giants like Google and Microsoft too employ data analysts regularly. Moreover, data analysts play key role in such organizations and thus the profession attracts reverence from all quarters. As a matter of fact, positions like data analyst, big data architects and data scientists are the new age equivalent of doctors and engineers!
It is interesting to note here that the average annual salary of a data analyst in India is more than Rs 4 Lakh (according to PayScale)!
Thus, going by the above stated advantages it can be easily understood that data analytics is one of the most lucrative career fields in India at the moment. If you are planning to pursue data analytics then you must go for a good data analytics certification course or take an online data analytics training course so that you are able to acquire all the required skills and kickstart your career in data analytics!