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Rise In Demand For Data Science-Indian Analytics Outsourcing & Domestic Industry
The surging demand for the skilled & certified Data Scientists isn’t new to anyone. With the increase in the demand for Big Data, Data Scientists have become the major resource for accurately interpreting with the data to extract insights from it. According to the latest stats, the analytics, Data Science and Big Data industry in 2019, has reached a whopping figure of $3.03 billion and is expected to double by 2025.
Who Exactly Is A Data Scientist?
Data Scentists are the professionals who can analyze and explain complex digital data where they can organize varying data elements by using trending methodologies. The techniques may include signal processing, mathematics, probability models, machine learning, statistical learning, visualization, computer programming, data warehousing and high-performance computing with the goal of extracting required meaning from data and creating a product.
Data Scientists are the expert analytics professionals who are blend of many different skills. Data Science can be interpreted as an advanced application of Computer Science which helps in exploring data to get required predictions, designs and anomalies. They perform complicated analysis on huge data sets. They analyze trends from that Big Data or they may deploy machine learning and artificial intelligence to try and make Data-driven predictions.
Based on these predictions and trends, they not only build Data-driven products but also communicate with other Data scientists and the general public using reports, visualisations and blogs.
Analytics Outsourcing Industry-
India is emerging as a prime leader in the Analytics outsourcing industry with TCS clocking nearly $2 billion from analytics services. Over the years, companies like India Inc. led by TCS, Genpact, Wipro are investing heavily around data and analytics & are working on their way towards increasing the range of analytics services they can offer. Currently as per the stats, the outsourcing industry in India for Data analytics services and products is almost $27 billion.
Domestic Analytics Industry-
While the analytics outsourcing industry is growing rapidly, the growth rate for domestic analytics industry has been quite slow. As per the stats, the Indian Domestic Data Analytics industry is estimated to be $3.03 Billion annually in size. The prime reason for this slow growth in our analytics domestic industry is lack of skilled professionals in Data Science.
The demand for the certified & skilled Data Scientists in India is sky rocketing. Make the most out of the rising career opportunities in Data Science by being a part of Kelly Technologies certification based learning program of Data Science Training In Hyderabad.
Kumar Raja is a multidisciplinary writer, and lifelong learner. He’s a Digital Marketer in the making who spends his time analyzing the developments in the tech world. He’s very passionate about helping people understand the latest trends in the tech world through his well-researched articles. He’s able to condense complicated information about the latest technologies into easily digestible articles.