- Soaring Demand for Analytics Professionals:
Data is useless without the skill to analyze it.” There are more job opportunities in Big Data management and Analytics than there were last year and many IT professionals are prepared to invest time and money for the training.
The job trend graph for Business Analytics from Indeed.com, proves that there is a growing trend for it and as a result there is a steady increase in the number of job opportunities.
- Huge Job Opportunities & Meeting the Skill Gap:
The demand for Analytics skill is going up steadily but there is a huge deficit on the supply side. This is happening globally and is not restricted to any part of geography. In spite of Business Analytics being a ‘Hot’ job, there is still a large number of unfilled jobs across the globe due to shortage of required skill.
India, currently has the highest concentration of analytics globally. In spite of this, the scarcity of data analytics talent is particularly acute and demand for talent is expected to be on the higher side as more global organizations are outsourcing their work.
There are two types of talent deficits: Data Scientists, who can perform analytics and Analytics Consultant, who can understand and use data. The talent supply for these job title, especially Data Scientists is extremely scarce and the demand is huge.
- Salary Aspects:
Strong demand for Data Analytics skills is boosting the wages for qualified professionals and making Business Analytics pay big bucks for the right skill. According to the 2015 Skills and Salary Survey Report published by the Institute of Analytics Professionals of Australia (IAPA), the annual median salary for data analysts is $130,000, up four per cent from last year. Continuing the trend set in 2013 and 2014, the median respondent earns 184% of the Australian full-time median salary. The rising demand for analytics professionals is also reflected in IAPA’s membership, which has grown to more than 5000 members in Australia since its formation in 2006.www.iibmimdia.in