Big Data professionals are making big bucks in India :

Big data is becoming one of the hottest trends within technology right now. Data will soon replace Gold as the most important asset to mankind, putting it for appropriate use has transformed seeking information.

Data science and analytics professionals are making a big bucks as most of the indian organisations look to grip big data for various aspects of their businesses.

According to a study by Gurugram-based education and training platform Great Learning and online publication Analytics India Magazine, the median annual salary of an Indian data analyst rose 8% year-on-year to Rs12.7 lakh ($19,000) in 2017.

The study also says, the number of data experts earning over Rs.15 lakh a year increased from 17% in 2016 to 21% in 2017. Close to 40% of these experts earn an annual salary of over Rs.10 lakh.

The magazine has conducted this study based on information from job portals, salary aggregators, company websites, and interactions with analytics professionals, companies, and recruiters. Data analytics roles include engineers working with big data, predictive modelling, and data mining. These require knowledge of computer languages like R, Python, and Hadoop, among others.

The increment in data professionals salaries comes at a time when most of the engineering talent in India is struggling to even keep their jobs. In 2017, the $160 billion Indian IT industry laid off over 56,000 employees owing to automation. Increments at IT companies have also been delayed and muted.

For example, the country’s second-largest IT services company, Infosys, postponed its annual appraisals by three months. Even when it did roll out hikes in July 2017, they were as low as 5%, with even top performers getting only a 9% raise.

On the other hand, data professionals are high in demand across industries in India. The telecom sector pays them the highest at around Rs.18.6 lakh per annum—the lowest being IT (Rs10.2 lakh).

Let's take a look at the kind of salaries data professionals made across several industries in 2017 below:

 

 

According to IT trade body Nasscom, If forecasts are to be believed, the salaries will only rise further in this segment as the Indian data analytics industry, worth $2 billion today, is expected to grow eight-fold to $16 billion by 2025,

The study also found that, this is hardly good news for women because like most other technology jobs, female data analysts earn 32% lesser salaries compared to their male counterparts.

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12-04-2018 12:47 am