Firstly understand what big data is?
Big data is a term that is used to describe the large sets of data consisting both structured and unstructured data. It’s not only the amount of data that matters but what is done with like predictive data analysis, behavioral analysis, and other advanced data analysis features. It helps in taking better decision for the organization and strategic business moves.
The term has to be defined by 3V’s:
But At SAS, we consider two additional dimensions when it comes to:
Why it is important these days?
These days, organization uses this technology to identify new opportunities. That, in turn, leads to smarter business moves, more efficient operations, more profit, better decisions etc. It helps the companies in creating new products to fulfill the customer needs.
Some of the top companies like IBM, HP, Dell, Oracle, and Microsoft using this technology.
Big data is being used for:
- Developing new products
- Calculating Risk failures
- Cost advantages
- Time reduction
- Improve the customer satisfaction level and other operational benefits
- Determining root cause failures and fraudulent behaviors.
- It also helps in utilizing data from external sources
What education is required to start a career in this?
To start a career in big data you need to clear a four-year bachelor degree program particularly in statistics, math, business administration, or computer science. Your basic knowledge of data analytics, database management systems and technologies must be strong.
What skill set is required:
Analyst and employees need to work on the large set of data. They must have the good problem-solving skill, analytical, strong mathematical skill etc. Strong writing skills are also a plus since data analysts often have to prepare written summaries, company memos, or press releases. Familiarity with a particular market or industry is also valuable.
Which sectors offered a job in this field?
This technology is not limited only to IT sector. It is used everywhere and in almost every industry.
The salary structure of the analyst:
The average salary of the candidates may vary according to the job position, location or company. At initial level one can earn easily 20k to 25k and after gaining some experience one can easily get the higher package. The highest paying jobs in this are Data mining/ warehouse, Java, Hadoop, and python. This is the best career option for the fresher candidates because a huge growth has been seen in this area from the recent years. Every day number of big data jobs for fresher candidates is offered by many different organizations.
Future scope and career growth are so high in this field. No-doubt this field gives a big turn to your career. In terms of jobs opportunity every year new vacancies offered by big IT or MNC companies. Take a step forward and start your career in analytics.
Analytic can change the present business and helps in expanding the new business models and also create an outcome which totally improves the development of an organization.