Confused whether to take up a career in Big Data or not? Planning to invest your time in getting certified and to acquire expertise in related frameworks like Hadoop, Spark etc. and worried whether you are making a huge mistake? Just spend a few minutes reading this blog and you will get six reasons on why you are making a smart choice by selecting a career in big data.
There are several people out there who believe that Big Data is the next big thing which would help companies to spring up above others and help them position themselves as the best in class in their respective sectors.
Companies these days generate gigantic amount of information irrespective of which industry they belong to and there is a need to store these datas which are being generated so that they can be processed and not miss out on important information which could lead to a new breakthrough in their respective sector. Atul Butte, of Stanford School of Medicine has stressed the importance of data by saying “Hiding within those mounds of data is knowledge that could change the life of a patient, or change the world”. And this is where Big Data analytics play a very crucial role.
With the use of Big Data platforms, gigantic amount of data can be brought together and be processed to develop patterns which would help the company in making better decisions which would help them to grow, increase their productivity and to help create value to their products and services.
Eric Schmidt of Google said in 2010 “There were 5 Exabytes of information created between the dawns of civilization through 2003, but that much information is now created every 2 days”. And Peter Sondergaard of Gartner research stressed the significance of Data Analytics by saying “Information is the oil of the 21st century, and analytics is the combustion engine.” In order to process these data, Big Data analytics is necessary. Another analyst states that, “In the next few years, the size of the analytics market will evolve to at least one-thirds of the global IT market from the currents one-tenths”. Hence the need for professionals with experience in the field of analytics is in huge demand as organizations are looking to benefit themselves from the power of Big Data. According to an article on Forbes written by Louis Columbus based on a study “2014 IDG Enterprise Big Data Research”, it was found that an average enterprise will spend about $8M on Big Data related initiatives. The study also found that 70% of enterprise organization have either deployed/planned to take up Big Data related projects and programs versus 56% of small and medium businesses(SMBs). The study also says that 74% predict Big Data will be in mainstream use in at least one business unit or department. Hal Varian, the chief economist at Google, is known to have said “The sexy job in the next 10 years will be statisticians.;