Data Science Blog

 In a comprehensive research carried out by Analytics India Magazine and AnalytixLabs, a key finding denotes that there has been a 22% increase in the average salaries of analytics professionals in India since the last year. The Analytics India Salary Study 2017, suggests that for the year 2017, the average salary has been INR 11.7 Lacs across all experience levels and skill sets in comparison to INR 9.5 Lacs in 2016. The study gives an insight on various aspects of salary structure for professionals across factors such as experience level, cities, tools, company types and more. The study suggests an increased demand for senior professionals, thus pushing the average salaries higher than the last year. The percentage of analytics professionals with salaries in higher bracket of INR 50+ Lacs has significantly increased to 3.7% from just 1.1% a year ago. While the percentage of analytics professionals commanding salaries of less than INR 10 Lacs has gone lower; the percent...

In the coming year Big Data technology will continue to be the big thing for business. Experts estimate the amount of data some companies hold could be worth $8 trillion or more. The access to such a massive amount of data can be both a curse and a blessing for companies, as this would help reduce the time take in decision making on one hand and on the other hand increase the need to hire the right kind of resources to draw meaningful insights from this data.  To leverage big data, companies will have to overcome an enormous skills gap in the talent market. In fact, one of the LinkedIn reports predicted 'Data Scientist' to be the job of the year for 2015. While, we at Absolutdata feel 'Data Scientist' to be the job of the century.  In order to gear up for 2016 companies have already started hunting data scientists, and recruiters are scanning the market to fill the gap between demand and supply at a faster pace.  In order to do so, they have to be cautious about ...

The data analytics services market in India is set to grow three times and is expected to touch $1.15 billion in 2015, an over 67 per cent increase from $375 million in 2010, according to a report on analytics outsourcing by Avendus Capital, a leading financial services firm. India alone accounted for over 70 per cent of the total global data analytics outsourcing market ($500-550 million) in 2010. Analytics outsourcing helps companies get their analytics needs met without having to take on the responsibility of another new process. And for those who don’t already know what data analytics is, it is the science of examining raw data for the purpose of drawing business-related conclusions about the information, and for modelling and predicting business outcomes. According to the report, over the last decade, India has matured as the preferred outsourcing destination for IT and ITeS services, due to a number of factors that include increase in data generation, cost savings, operation...