Towards the end of every week, I usually post an interesting link on analyticstraining.com that has to do with the latest news in the Analytics or Big Data industry. Well, considering the boom the industry is in, it’s often a difficult task to pick that one interesting article. That’s what happened this week and so here I am doing something a little different. I have picked out a few of the more interesting events, news and facts about the analytics industry that appeared in my newsfeed and I am … yes you guessed right, going to tell you about all of them. Don’t worry I will be brief, so rest assured, you won’t have to take out a lot of time from your busy day to read through this
Muntazir Abbas in an article in the Economic Times this week, highlights the immense scope for next-generation analytics in India, particularly the telecom industry where having an edge over your competition is the key to success. Abbas talks about how India’s telecom operators like Vodafone, Idea and Aircel are using analytics and the Big Data approach to provide a “differentiated customer experience”, improve offerings and campaigns and understand customers better.
All good news for those aspiring to enter the analytics industry, as it most certainly implies that the demand for well trained and savvy Data Scientists will continue to be on the rise.
A Forbes article talks about two new reports on big data and big decisions that were released this week by Accenture and PwC. The Accenture survey shows that, “60% of executives said their companies have successfully completed a big data implementation, 36% haven’t pursued a big data project yet and 4% were currently pursuing but hadn’t finished their first big data project. 92% of executives from companies that have completed a big data implementation are satisfied with the results and 89% rated big data as “very important” or “extremely important” to their businesses’ digital transformation.”
What might be more interesting for graduates of data science and business analytics courses is that nearly all (91%) companies expect to increase their data science expertise, the majority within the next year. 54% of executives said their companies have already developed internal technical training opportunities for their employees and most organizations also tap outside expertise.
And in similar news TOI reports that as per the Accenture study, in India, 53 percent of companies noted a lack of talent to implement Big Data with 43 percent noting the need for talent to run Big Data and analytics on an ongoing basis. In India, all companies used one or more external resources for assistance with their Big Data projects. Sixty-nine percent leveraged the help of consultants, 61 percent used contract employees, and 37 percent used technology vendor resources. The research also revealed that more companies in India (63 percent) than globally (55 percent) are looking to increase their data science expertise within the next year.
This article is a must read for all of you working in the Data industry. What happens when the data tells a business manager to “jump” but her intuition says “stay”? Steven Hillion is co-founder of Alpine Data Labs in an article in techcrunch.com tells it like it is- that that intuition steeped in both data and business savvy must steer analytics in order to generate real value.
Let me know if you agree with Hillion. We would love to hear from you. Or have you read anything interesting about the developments in the data analytics industry? Share it with us at firstname.lastname@example.org. Have a great weekend!
Interested in a career in Big Data? Check out Jigsaw Academy’s Big Data courses and see how you can get trained to become a Big Data specialist.