Hyderabad: The rapidly growing big-data analytics sector will be a $16-billion industry in India by 2025, says IT trade body Nasscom.
In order to reduce costs, for better and faster decision-making and new product services with secured algorithm, all companies have been adopting big data analysts. The analysts assist organisations harness their data and for new opportunities which leads to higher profits, happier customers, efficient operations and smarter business moves.
Hyderabad stood fourth in demand for big-data analysts after Delhi, Mumbai and Bengaluru and sixth in good salaries to analysts.
India, incidentally, is among the top 10 in big-data services across the globe.
As per the estimations of Telangana Information Technology Association (TITA), about 10 per cent of big-data analytics firms in the country are based in Hyderabad. According to Nasscom, there are about 600 analytics firms in the country of which 400 are startups.
The firms in the city are servicing big-data analytics services in cloud, computing, database management, error management, security management, algorithm services, uncovering hidden patterns, unknown core relations, market trends, customer prefaces and other services related to data servers.
As per a recent survey on big-data analytics – Analytic Vidya and Jigsaw Academy Education – analytics is an emerging profession in Delhi, Mumbai, Hyderabad, Bengaluru, Pune and Kolkata.
The survey revealed that the demand for analysts was high in Delhi, Mumbai and Bengaluru and medium in Hyderabad and Chennai and low in Pune and Kolkata. It also stated that opportunities in this sector were more in Hyderabad, Chennai and Pune.
ITA founder president Sundeep Kumar Makthala told this correspondent that the task for analysts was very critical and it was a challenging job.
“At present all the 116 big IT companies in the city have adopted big-data analysts. The demand for analysts is increasing day-by-day. More than 11,000 professionals are working in the sector. The country has only 90,000 analysts,” Mr Makthala said.
