What is the future of data analytics in India?

ExcelR Solutions. Nowadays, big data is extensively used in India. Thus, ensuring that individuals who are skilled in data analytics have high employment chances in this area. Also, it helps individuals to use and adapt to new advanced technologies. Data analysts can entirely change the current situation of business by conquering a massive quantity of data, expanding business models, activating the imaginative processes, overall advancement, and growth of a company.

Due to the high demand for data analysts, various working professionals and students are interested in a career in data analytics. Thus, individuals would need appropriate training in using data analytics tools. This can only be achieved by attending data analytics courses. This is a course that requires every individual to put effort into learning to become certified in data analytics. Also, the fact that this field is relatively new. There are scarcely qualified experts in the data analytics field. Thus, the demand for such experts is higher than the present supply of data analytics areas in India. As a result, higher demand means higher salaries.

What is the trend of data analytics in India?

ExcelR Data Analytics Courses In Pune. Currently, India has about 600 data analytics enterprises with the competence of approximately 100 latest data related start-ups apt to be launched into the industry. Many statisticians believe that by 2020, India will face the misbalance of huge supply and demand, which requires a need of approximately 2,00,000 data analytical professionals in the area of data analytics skyrockets. It is believed by the experts that the data analytics field will face the following trends from the year 2019 to 2020.

1.        Data analytics will play a crucial role in data security as analytics will transform differential pricing, digital watermarking, intrusion detection, and malware preventive measures.

2.       In this new age of digitization, we can see that the Internet of Things (IoT) is increasing rapidly. As a result, analytical tools and processes will be used extensively in dealing with massive amounts of unstructured and structured IoT which will gain significance in the future.

3.       Organizations in the future will voice their needs in implementing pricing methods on their data to receive financial benefits.

4.       Cognitive analytics will grow in the future.

5.       Open Source solutions will regain its relevance in the future where data analytics will be extensively used.

6.       Data scientists will be in-demand in the future as these experts are required since they can balance qualitative analytical skills with the competence to essay stories on their data in compelling and visual manners.

7.        Data analytics will be highly demanded as companies will become over-scrutinized and cautious about data accuracy.

Average salary trend of a data analyst in India

The average salary of a data analyst in India is Rs.10 lakhs per year, which is likely to increase with work experience. Data analysts with over 5 years of experience earn about 15 lakhs annually. Also, senior data analysts with over 10 years of experience can earn above 20 lakhs annually. As a result, data analytics has become a coveted field for new IT and engineering students.

ExcelR Solutions. Today, data analytics has become one of the highly demanded career choices in India. Subsequently, data analytics courses will become popular and prominent in India due to the high interests of freshers and working professionals. Thus, data analytics will have an increasing trend in the future.