Everyone these days are talking about Big data, Well this is one of the most talked, trended topic on social media. Business rely on big data for effective results, Big data is just an evolution in Analytics.
For Beginners, Big data is the term for a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications.
This stream is seeing a host of activity with most major businesses looking to enhance their overall business strategies and leverage from the data which until recently was ignored or forgotten. From Retail Companies to Hotels all these businesses are looking to enhance customer experience and ensure effective sales and focus on increased revenues.
The many applicability areas of Big data are still being researched and discovered. India is one of the frontrunners into Big data with a medium but brilliant talent pool who can create magic with numbers, we analyzed some numbers and here they are.
Big Data Tools
All IT majors are coming up with various software to tackle the Big data boom. Biggies like IBM, Oracle, Fujitsu etc have their own software offerings based on the customer need. Hadoop by Apache software is widely used
Talent Pool in India
We don’t have a huge number of people who know Big Data, Since the Big data space is evolving we estimate the numbers rise every year
The Demand and Supply tops in Bangalore followed by other cities. But other cities are catching up, the demand is expected to grow and so will the supply. A lot of people are looking to get into Analytics, we get a lot of calls from candidates enquiring about job opportunities in the Big Data/Analytics space.
Compensation department is very generous to data scientists, but the developer population which works with the scientist to create cutting edge Big data software are paid slightly lower. There is no particular pattern of pay for the scientists. They start with an Avg Pay of about 8-10 lacs and can even earn a crore with 10-15 years of experience. The below table shows the pay package of the IT crowd who work with the scientists
*company names available on request
The Hiring Scenario – Location Analysis
Demand for Big Data professionals based on location.
The silicon valley of India sees a good number of companies hiring Big data professionals, Apart from Tier 1 cities, Tier 2 & 3 cities are also hiring big data professionals with some hiring activity in these areas mostly by service based IT firms.
Domain specific Hiring
IT Companies are increasingly hiring a lot of Big Data professionals, As the whole concept of Big data revolves around Software ,Hardware and Data, IT Companies are developing their service offerings in this space, All Major players like IBM, Infosys, Wipro, TCS etc have some part to play in this area.
Big Data will continue to grow as a practice with more & more service providers and companies alike investing huge into this place.