Various measures like post graduate course and training in big data analytics have been initiated by the IT ministry
With IT and telecom industry on the cusp of a data revolution, the need for a skilled workforce, especially in data analytics segment has assumed critical importance.
There is a talent deficit in data/analytics segment, as the education system is yet to adapt to the latest technological shift which will completely alter the landscape of the industry, according to experts. There is a massive flow of data over internet which is expected to increase manifold with the advent of new technologies such as 5G, artificial intelligence, internet of things (IoT), virtual reality, robotic process automation, blockchain amongst others.
With increasing dependency of entities/institutions across sectors on data, there is a greater need for cyber security as data consumption and complexities rise.
Data analytics is fast becoming an integral part of organisations due to factors such as improved efficiencies, greater transparency and speed, and a way of reducing costs. It also enable companies to explore new business/revenue streams with much efficiency.
Seeing this as a big employment generator, the ministry of electronics and IT through various measures has started training/re-skilling people in related fields of big data and analytics. The Centre for Development of Advanced Computing (CDAC), under ministry of electronics and IT, has started conducting post graduate courses in big data analytics. Similarly, the National Institute of Electronics and Information Technology (NIELIT), through its various centers across India, has also started imparting training on big data (analysis), machine learning, social media access, according to a senior official from the ministry.
According to IT industry body Nasscom, in association with Zinnov, currently there is a demand for about 5 lakh people in artificial intelligence, big data occupation in 2018, which is expected to grow to 7.50 lakh people in 2021; about 5 lakh will be for various analyst roles, 1.50 lakh in big data and about 1 lakh in data science roles.
CDAC has also developed a big data software suite, which is an integration of popular big data tool widely used by e commerce industry. It can be used with ease to address the challenges in data wrangling, processing and analysis.
The National Informatics Center (NIC) is in the process of establishing a data analytics center of excellence. NIC is already working on establishment of data analytics platform by inducting various open source and proprietary analytic tools like data warehouse, business intelligence and data mining.
Besides this, the government has already notified open data license to promote use of open data by government entities as well as private entities.
Data is rapidly growing, as connected devices such as wearables, smartphones, industrial equipment and sensors generate information that can be used for data analysis. Connected devices are expected to exceed 50 billion by 2020, generating demand for analytical tools and applications.
Even the mobile industry is not far behind. Mobile data traffic per month in India is expected to grow 5 times from 1.9 EB to 10 EB by 2023 and monthly data usage per smartphone (GB/month) in India will increase from 5.7 GB in 2017 to 13.7 GB by 2023, according to Ericsson.
The entry of new player Reliance Jio has boosted data usage on mobile networks, benefitting consumers to access unlimited data at low tariffs.
5G, which is expected to see its first commercial launch by 2020, will enable a $27 billion revenue opportunity for Indian telecom operators by 2026. This will be over and above the revenue generated from traditional services expected to grow up to $63 billion by 2026. It has the potential to enable 43% incremental revenue opportunity for the Indian operators by 2026, as per Ericsson.
LTE will account for more than 78% of the total subscriptions in the country by 2023 compared to 20% LTE subscriptions in 2017. IoT will also pick up in a big way with cellular connections in India to reach 72 million by 2023, growing at a CAGR of 25%.
Data will now be a game changer for the industry, be it telecom or any other sector.
MASSIVE OPPORTUNITY
- Data across sectors is increasing rapidly, specifically in data intensive industries such as health care and finance
- 5 lakh people in demand in artificial intelligence/big data jobs in 2018
- This demand is expected to grow to 7.5 lakh people in 2021, out of which about 500,000 will be in various analyst roles, 150,000 in big data and about 100,000 in data science roles
- Connected devices expected to exceed 50 billion by 2020, generating demand for analytical tools and apps
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