There's no denying that businesses are going digital and that they have a lot of room to develop. And what's fuelling this expansion? Its data, without a doubt, is now regarded as the new oil. Big data has aided businesses in making better-informed decisions and launching best-in-class products and services that are widely accepted in recent years. If you're not sure how serious corporations are about big data analytics, consider these numbers: the worldwide big data analytics industry, which was valued at USD 37.34 billion in 2018, is predicted to increase at a CAGR of 12.3% (from 2019 to 2027) to reach USD 105.08 billion. With such massive valuations, it's easy to see how big data analytics will grow in the future.
Data scientists and data engineers are among the most in-demand career specialties in the world today. Every industry has opened its doors to data analytics jobs, including banking and insurance, retail, healthcare, information technology, and telecommunications. According to surveys, there will be roughly 2.7 million data-related employment openings in the United States alone by 2020. Furthermore, by 2021, approximately 70% of business leaders in the United States hired professionals with data capabilities. Clearly, more applicants are enrolling in data analytics jobs in order to improve their skills and take advantage of job chances.