With the rise of technology, every company — regardless of what industry you're in — produces more data than ever before. Most businesses are practically drowning in the amount of data they generate and need to analyze: not only is the amount of data increasing exponentially, but it's also projected to double every two years until 2020.
But despite the demand for skilled workers who know how to assess, manipulate and analyze large datasets, there's a significant talent gap — in fact, Bain & Company reports that only 4% of companies make good use of data analytics. That means an enormous amount of data insights simply falls through the cracks, and businesses lose an opportunity to make significant improvements to their processes, services, and products.
Learning how to work with Big Data can drive significant innovation in any workplace — here's why opting into a career focused on Big Data and business analytics is a smart choice:
The demand for Big Data analytics is high.
Reports show that within the next few years, the size of the analytics market will evolve to at least one-third of the global IT market from the current one-tenth — that's a huge shift, and the amount of data being stockpiled is only growing. People who are quickest to catch the wave gain the most seniority and experience in an ever-growing field.
Enterprises are investing in Big Data solutions.
A study conducted in 2014 by IDG Enterprise Big Data Research showed that an average enterprise will spend about $8M on Big Data related initiatives — meaning that if you enter a career in the field, your salary will likely be (at the least) competitive, and you won't lack the resources to carry out your responsibilities effectively.
You'll have a wide net of opportunities.
Big Data is everywhere and has a vast arrange of applications: you can use it from everything to protecting the environment by analyzing toxic emissions and weather patterns, to helping health practitioners link patterns across their charts and treatments for patients, to building self-driving cars or helping websites and companies run more smoothly. The top five industries looking for Big Data workers include Professional, Scientific and Technical Services (25%), Information Technology (17%), Manufacturing (15%), Finance and Insurance (9%), and Retail Trade (8%). There's no shortage of exciting career ventures for you to go into.
If you're looking to expand your knowledge of Big Data and train yourself how to use the tools leveraged to analyze it, check out The Big Data Bundle. It includes 64.5 hours of training in Hadoop, MapReduce, Spark, Python, and more.
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