The analytic team sizes of 21% Indian firms grew in the last 12 months amid the pandemic, AIMResearch found.
The report, titled ‘Impact of Pandemic on Analytics Team Sizes In India’, analysed the impact of the pandemic on analytics team sizes in firms across India.
The data for the study was collated from various online sources like LinkedIn and online job portals for a period of 12 months from Feb 2020 to Jan 2021. The report will help industry professionals and policymakers gain insights into the factors that propelled analytic team sizes across the firms.
Organisations can leverage the learnings from the report to craft an action plan to drive business.
Of all the top companies with significant analytics teams, almost two of three firms or 64% could keep their team sizes intact and more than one in five firms or 21%, saw their analytics teams grow despite the pandemic. Only 14% of analytics teams (compared to the world average of 15%) downsized in the last 12 months, the data showed.
The report attributed the growth to increased digitisation; population size and a higher adoption rate of digital devices during the pandemic helped. The rise in demand for cost-effective, data-driven and automated applications has also precipitated the upsizing trend.
The report pointed out fledgling startups felt the pandemic’s impact most with a higher percentage of small ticket companies truncating analytics teams. The analytics teams were one of the first casualties of the fund crisis accelerated by the pandemic.
Data showed the smaller the size of the firms higher the chance of analytics teams shrinking. Almost 18% of firms with fewer than 50 employees, around 11% firms with 50 to 200 and around 10% firms with 200 to 500 employees were forced to trim their analytics ,
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Overall the report suggests that India did very well in terms of their analytics teams sizes in the last 12 months despite the difficult circumstances presented by the pandemic. The report also states that the future of analytics teams in India looks promising.
With growing digitisation, the alignment of several states and central government objectives, and the recent budget will make favourable conditions for analytics and data science growth.