Big data analytics is helping various industries to push boundaries and face new challenges. With the increase in volume of data created worldwide at an unimaginable rate (0.1 zettabytes in 2005 to 12 zettabytes in 2015 which is projected to reach 163 zettabytes by 2025) learning and applying Big Data techniques has become ever important. Both the corporate sector and the government sector are relying heavily on Big data. And in a booming economy like India’s, individuals trained in Big Data are in high demand.
Big data market is getting bigger every quarter
● Big data market size in 2011 was 7.6 billion US dollars. In 2018 it is 42 billion US dollars and it is expected to increase to a whopping 103 billion US dollars in 2027.
● An Accenture study has revealed that 79% of the Business executives agree ventures who do not embrace Big data will perish and another 83% used Big Data to gain an edge over others.
● Revenue generated through Big Data in 2015 was 122 billion US dollars. In 2018 it is 166 billion US dollars and within 2022 it is expected to reach 260 billion US dollars
● Cornerstone, a software tool which uses big data analytics to understand employees and evaluate candidates, has become a huge success with its sales increasing by 150 % and is used by twenty of the Fortune 100 companies.
Big data Analytics in India
India being one of the biggest economies of the world, has garnered much attention lately. Owing to the huge population and billions of internet users, any enterprise working in India has to rely on Big data analytics. From E Commerce giants like amazon and flipkart to telecom biggies like Reliance and Vodafone all are using Big data to better understand the Indian market and take crucial business decisions. Even government agencies, political parties and administrative bodies are using big data analytics to perform better.
Some fascinating usages of big data analytics
● The current ruling party in India had used big data analytics extensively in the 2014 elections to better understand voter’s sentiments and driving factors. The result was a huge success for the party.
● The Bangalore Water Supply and Sewerage Board took to Big Data analytics in order to accurately monitor water distribution system. It proved to be an effective solution. The Kerala Water Authority too followed BWSSB and faced with a task of supplying water to more than 210000 households, predictive analytics through big data helped them a lot.
● The Indian Railways now use Big data to predict ticket confirmation and to serve the passengers better.
It is of no doubt that Big data has changed the way business is done forever. And the need for trained individuals in Big data analytics is increasing. This is why big data training in Bangalore, Chennai, Hyderabad and other cities has obtained huge significance. Bangalore the IT capital of India has already shown the way.
It is of no doubt that an individual with a big data training certificate will enjoy great demand and life changing breakthroughs.