McKinsey Report Highlights the Impending Data Scientist Shortage
Statistical Analysis and Data Mining No. 2 in the list of “The 25 Skills That Can Get You Hired in 2016”– Linkedin
Consulting firm McKinsey estimates that India will need 2 lakh data scientists in the next few years. The world would need many lakhs more.
Python programming (96.90%), Linux expertise (76.60%) and Structured Query Language (SQL) (76%) are the three most in-demand skills in positions that mention big data as a requirement. The following table provides an overview of the top 10 most in-demand skills:
Cisco (NASDAQ:CSCO), IBM (NYSE:IBM) and Oracle (NYSE:ORCL) have the most open big data-related positions today. Cisco, its supplier, partner and support ecosystem companies have 3,613 related big data positions available. The following table shows the top ten big data employers today, the distribution of jobs, and the number of new jobs added over the last year.
“The hottest sectors for big data growth are ad tech, financial services, ecommerce and social media” These positions are all within a salary range of $90-$180,000
Big Data and Hadoop skill could mean the difference between having your dream career and getting left behind. Dice has quoted, “Technology professionals should be volunteering for Big Data projects, which makes them more valuable to their current employer and more marketable to other employers.”
According to Dice, Hadoop pros made an average of $108,669 in 2013, which is slightly above the $106,542 average for Big Data jobs. Alice Hill, managing director of Dice, tells Data Informed, that the postings for Hadoop jobs has gone up by 64%, compared to last year. And that Hadoop is the leader in the Big Data category of job postings.
A research report by Avendus Capital estimates that the IT market for big data in India is hovering around $1.15 billion as 2015 comes to an end. This contributed to one fifth of India’s KPO market worth $5.6 billion. Also, The Hindu predicts that by end of 2018, India alone will face a shortage of close to two lakh Data Scientists. This presents a tremendous career and growth opportunity.