Professionals trained in dataanalysis for specific segmentswill be available in future.
It is now so common to hear many talk of big data in several fora. Many online platforms collect information of the internet users and the large sets of data collected assist organisations and companies in decision making.
Applying business modelling on data is becoming important. The large amount of data collected should be stored and analysed. These trends have thrown open several opportunities. It has also created a demand for data scientists and data analysts.
Milind Bhandarkar, Chief Scientist at Greenplum Labs — a part of EMC, says that in the last 10 years, the amount of information companies are gathering has grown tremendously. Companies now consider data collection as an asset. They prefer to have in-house facilities for data analysis. “We are finding that the role of data scientist is crucial in an organisation.”
The applications of data analysis are vast — it can be used in any sector such as healthcare, insurance, financial services, and banks. Government services to the common man can be decided using it. The data collected can be used to see where Government services are needed and the type of services that the beneficiaries require. It reduces waste and expenditure. Government services will be one of the biggest beneficiaries of big data. Data analysis is a tertiary benefit to the common man.
Mr. Bhandarkar is of the view that in the coming days, there will be vertical solutions. Professionals trained in data analysis for specific segments such as healthcare, insurance, etc. will be available. This trend has already started.
With these developments, the need for data analysts and scientists is also growing. While several online courses are available, there are specific programmes for students too.
India is in a unique position. It will be a data scientist hub. The country needs storage and analysis professionals, he adds.
Companies such as the EMC are collaborating with institutions to train people.
Krishna Kant, Head – EMC Academic Alliance (South Asia and Russia), says it offers courses for students in areas such as data scientist, cloud, information storage and management, and back-up recovery. Online courses help students learn at their own pace. It is also offered as part of an academic programme, value adding course or as elective.
EMC launched the education programme in India in 2005-2006 and now has 250 plus partners. It also offers programmes for those already employed.