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Study: Demand for Data Scientists is Sky-Rocketing; India Leads the Show

Posted on July 16, 2018December 2, 2019 by Dexlab

Study: Demand for Data Scientists is Sky-Rocketing; India Leads the Show

Last year, India witnessed a surging demand for data scientists by more than 400% – as medium to large-scale companies are increasingly putting their faith on data science capabilities to build and develop next generation products that will be well integrated, highly personalized and extremely dynamic.

Companies in the Limelight

At the same time, India contributed to almost 10% of open job openings for data scientists worldwide, making India the next data science hub after the US. This striking revelation comes at a time when Indian IT sector job creation has hit a slow mode, thus flourishing data science job creation is found providing a silver lining. According to the report, Microsoft, JPMorgan, Deloitte, Accenture, EY, Flipkart, Adobe, AIG, Wipro and Vodafone are some of the top of the line companies which hired the highest number of data scientists this year. Besides data scientists, they also advertised openings for analytics managers, analytics consultants and data analysts among others.

City Stats

After blue chip companies, talking about Indian cities which accounts for the most number of data scientists – we found that Bengaluru leads the show with highest number of data analytics and science related jobs accounting for almost 27% of the total share. In fact, the statistics has further increased from the last year’s 25%, followed by Delhi NCR and Mumbai. Even, owing to an increase in the number of start-ups, 14% of job openings were posted from Tier-II cities.

Notable Sectors

A large chunk of data science jobs originated from the banking and financial sector – 41% of job generation was from banking sector. Other industries that followed the suit are Energy & Utilities and Pharmaceutical and Healthcare; both of which have observed significant increase in job creation over the last year.

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Talent Supply Index (TSI) – Insights

Another study – Talent Supply Index (TSI) by Belong suggested that the demand in jobs is a result of data science being employed in some areas or the other across industries with burgeoning online presence, evident in the form of targeted advertising, product recommendation and demand forecasts. Interestingly, businesses sit on a massive pile of information collected over years in forms of partners, customers and internal data. Analyzing such massive volumes of data is the key.

Shedding further light on the matter, Rishabh Kaul, Co-Founder, Belong shared, “If the TSI 2017 data proved that we are in a candidate-driven market, the 2018 numbers should be a wakeup call for talent acquisition to adopt data-driven and a candidate-first approach to attract the best talent. If digital transformation is forcing businesses to adapt and innovate, it’s imperative for talent acquisition to reinvent itself too.”

Significantly, skill-based recruitment is garnering a lot of attention of the recruiters, instead of technology and tool-based training. The demand for Python skill is the highest scoring 39% of all posted data science and analytical jobs. In the second position is R skill with 25%.

Last Notes

The analytics job landscape in India is changing drastically. Companies are constantly seeking worthy candidates who are well-versed in particular fields of study, such as data science, big data, artificial intelligence, predictive analytics and machine learning. In this regard, this year, DexLab Analytics launches its ultimate admission drive for prospective students – #BigDataIngestion. Get amazing discounts on Big Data Hadoop training in Gurgaon and promote an intensive data culture among the student fraternity.

For more information – go to their official website now.

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Top 10 Nifty Tools to Manage Big Marketing Data for Companies

Posted on August 8, 2017August 8, 2017 by Dexlab

Big Data is the latest buzz. It has to be effectively analyzed to formulate brilliant marketing and sales strategies. It’s of immense importance, as it includes humongous amount of information accumulated about customers from numerous sources like email marketing schemes and web analytics.

However, due to the vast magnitude of information available, it may get quite difficult for marketers to analyze and evaluate all the data in an efficient way. Fortunately, plenty of tools are available in the market that can manage mammoth marketing data and here are few of them:

Continue reading “Top 10 Nifty Tools to Manage Big Marketing Data for Companies”

A New India in the Make: GST’s Impact on Items and Services

Posted on July 5, 2017July 5, 2017 by Dexlab

India’s iconic tax reform is here. Rolled out from midnight of 30^th June, 2017, GST is taking the entire nation by a storm – the GST Council has pegged the tax rates for 1211 items and 600 services, holding a majority of these within 18% tax rate slab.

The GST Council has designed 4 tax rate slabs primarily for numerous items – the rates are as low as 5%, standard rates hover around 12% to 18%, whereas the highest rate found is of 28%. Some of the items had higher effective tax rates before GST implementation, but under the new tax policy, the consumers are to be benefitted at large.

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What to Expect: Top 4 Hadoop Big Data Trends 2018 Reigning the Healthcare Industry

Posted on May 22, 2017June 15, 2018 by Dexlab

What to Expect: Top 4 Hadoop Big Data Trends 2018 Reigning the Healthcare Industry

Of late, we have been scrounging through plenty of news about healthcare challenges and gruelling choices confronted by hospital authorities, administrators, researchers, pharmaceutical in-charges and clinicians. Coupled with that, consumers are battling increased costs without corresponding enhancement in health security or in the authenticity of clinical consequences.

However, just as every dark cloud has a silver lining – the healthcare industry is now at the threshold of a major transformation using the stroke of luck Big Data and Hadoop.

In this blog, we are going to brash about 4 above the rest big data trends in 2018, and trust me they are mind blowing:

The patient is the king (well not literally!)

A supreme objective of modern healthcare facilities is to offer value-based and patient-centric service with the use of veritable health information technology in order to:

Improve healthcare coordination and quality
Lessen healthcare costs
Offer support for reclaimed payment structures

By leveraging information technology and concentrating on healthcare systems on patient results, a spectrum of doctors, health insurance, care and hospitals need to correspond with each other to customize care that is price effective, efficient in quality, transparent in delivery and billing and based on patient satisfaction level.

IOT is omnipresent, so why leave healthcare

If reports are right, over $120 billion has been spent on healthcare IOT over 4 years, ONLY. Most of the data derived by the healthcare IOT is unstructured, thus helming ways for the use of Hadoop and advanced big data analytics relying on Hadoop framework.

Advanced monitoring devices interacting with other patient devices could possibly reduce the chances of direct doctor’s intervention, and might substitute it with a phone call from the nurse. Moreover, other smart devices installed can detect if medicines have been consumed regularly at home from smart dispensers. In the event of failure, the device will instantly initiate a call to help patients take medications, properly. From this, you can understand the costs will fall drastically, while improving the patient care.

Call for cleansing – Curb waste, abuse and fraud

After suffering from spiralling healthcare costs for years, big data is a solace to our finances. By initiating predictive modelling structured on the Hadoop big data platform, identification of erroneous claims in a systematic and repeatable is possible, resulting in a generation of 2200% return on advanced big data technology.

Now, the healthcare organisations can inspect and evaluate patient records and billing anomalies and identify frauds. It has been made possible by going back in time to analyse unstructured datasets and implement machine learning algorithms to detect the inconsistencies.

Predict better outcomes with predictive analytics

Predictive Modelling is being used worldwide, by deriving data from EHRs (Electronic Health Records) to reduce mortality rates from diseases like congestive heart failure and sepsis. As you all know, Congestive Heart Failure (CHF) is one of the costliest health problems and needs huge healthcare spending. So, the earlier it is diagnosed the better it is, without getting into the expensive complications.

Predictive analytics combined with machine learning on large sample sizes, containing more patients’ data can expose all the nuances and sequences that couldn’t be uncovered previously.

DexLab Analytics Presents #BigDataIngestion

Concisely, the more healthcare organizations adopt Hadoop and advanced big data technology, the more profound will be the data dissemination across teams and partners, which will further boost patients’ easy cure and reduction in costs.

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How Amazon Uses Big Data for Success

Posted on May 24, 2016February 14, 2019 by Dexlab

Taking a stroll around the lanes of Big Data is no cake walk. The main problem being that well, Big Data is big to tackle and on top of that complex to analyze and draw insights from. That is why the world needs more data analysts. Also the many nuances of Big Data architecture make it especially difficult for the concerned personnel to grasp its requirements. Also the concept is relatively new there is a lack of understanding and experience in the field of Big Data which is often the management of major corporations misuse their Big Data.

The best way to learn about how you can use your company’s Big Data effectively is by paying a close attention to how other companies have used their data and by effectively implementing similar practices. One such company who has done so is Amazon.com.

There is no hint of doubt about the data expertise of Amazon.com as it is one of the key innovators in the realm of Big Data technology. This is a giant that has given us a great idea on how to collect, analyze and then successfully implement data analytical reports. Moreover, in addition to using Big Data successfully for its own purpose the company has also leveraged its own data usage tools for helping others with tools like Amazon Elastic MapReduce.

Amazon has taught us several lessons on how to successfully implement Big Data to amplify revenue generation:

Get your eyes on the customer:

The premier uses of Amazon’s Big Data are with its customer recommendations. If one has an Amazon account they use on a regular basis then you will notice that all the recommendations on your homepage are based on your browsing history. Everything including sale items to special discount offers is based on your previous purchases and your product browsing history. Now you may argue that even several other sites including the whole of internet works like that, but while they might a frequent occurrence today Amazon was among the first ones to start this trend.

It was one of the first organizations to provide its customers with a focused and personalized buying recommendation that made them buy more. Who knew the best way to make people buy more than they want was just to tell them that with an enticing deal?! This solution is a simple one and works for several problems.

This is the best lesson that Amazon has taught the business world. For any business to succeed and to use Big Data well the main focus should be on the customers. If your customers are happy then you will be better off at your business. That is the basic rule of thumb when it comes to business after all.

Sniff out all the data you can:

This retailing giant uses Big Data gathering tools and uses it to the best of its advantages. The company gathers a lot of data by the hour or better put by the second. So, it might be easy to lose focus on why data is being gathered and which type is necessary or how it can be useful to the customers. But this company does not let those parts slide. The company gathers and analyzes its data diligently and never fails to upgrade its workings with the findings.

Big Data has worked for Amazon now make sure it works for you take Big Data courses to better handle your data.

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How Can Big Data Impact the Lives of Students?

Posted on March 1, 2016May 11, 2019 by Dexlab

According to figures released by IBM opine that no less than 2.5 quintillion bytes created on a daily basis. Also it is worthwhile to note that a whopping 90% of the total data in the world have been created only in last two years.

In simple terms data is just pieces of information. The highly prominent concept of our times owes its origins to large data amounts which are derived from all sorts of computing devices. This data is then stored, collated and combined with the sophisticated tools for analytics available today.

Big Data is helpful to a broad spectrum of people from marketers to researchers. It helps them to understand the world around them and take optimized action through insights. Students too stand to benefit from Big Data a great deal and in this post we look at two ways through which Big Data may affect the lives of students.

It Helps To Be More Effective

Teachers have always been an informed lot, using data in order to optimize the practices and methods, Big Data facilitates the creation of far more powerful ways through which teachers and students may connect. As the focus shifts towards personalized learning, teachers are in a position to utilize more data than ever before.

This may be achieved through monitoring of study materials and how they are used by students in order to deliver more targeted instruction. With Big Data teachers will be able to better understand the needs of students and adapt lessons effectively and swiftly and in the end make decisions about enhanced learning for students, driven on the basis of data.

There is a Huge Demand for Data Scientists

Data Science was dubbed as the sexiest job of this century by Harvard Business Review and with good reason. People are just beginning to explore the possibilities enabled by Big Data and the need of skilled people in the field will only continue to increase in the years to come. Data Scientists have the ability to mine through data to the benefit of their employers including but not restricted to governments, businesses and of course, the academia.

McKinsey Global Institute reported that by 2018 there will be a shortage of no less than 190,000 persons with skills in deep analytics in the United States of America alone. There is no shortage for opportunities in this field and there are numerous programs all over the world that smooth out the career transition to Big Data. Work arrangements that display flexibility, more than decent compensation packages and the opportunity to make a significant impact are the added bonuses that go along being a data scientist.

We may conclude by saying that though Big Data is still emerging it held by most experts to be the undeniable future not only for those pursuing studies in data science and making careers in the field but to all the people whose lives are changed for the better through Big Data.

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Big Data And The Internet Of Things

Posted on December 8, 2015October 18, 2019 by Dexlab

The data that is derived from the Internet of Things may easily be used to make analysis and performance of equipment as well as do activity tracking for drivers and users with wearable devices. But provisions in IT need to be significantly increased.Intelligent Mechatronic Systems(IMS) collects on an average data points no fewer than 1.6billion on a daily basis from automobiles in Canada and U.S.

The data is collected from hundreds of thousands of cars that have on board devices tracking acceleration, the distance traversed, the use of fuel as well as other information related to the operation of the vehicle.This data is then used as a means of supporting insurance programs that are based on use.Christopher Dell, IMS’s senior director recently stated they they were aware that the data available were of value, but what was lacking is the knowledge on how to utilize it.

But in the August of 2015, after a project that lasted for a year, IMS added to its arsenal a NoSQL database with Pentaho providing tools related to data integration and analytics. This lets the data scientists of the company increased flexibility to format the information. This enables the team of analytics to make micro analysis of the driving behavior of customers so that trends and patterns that might potentially enable insurers to customize the rates and policies based on usage.

In addition to this the company further is pursuing an aggressive growth policy through asmartphone app which will further enhance its abilities to collect data from vehicles and smart home systems making use of the Internet of Things.Similar to the case of IMS, organizations that look forward to analyze and collect data gathered from the IoT or the Internet of Things but often find that they need an upgrade of their IT architecture. This principle applies to enterprise as well as consumer sides of the IoT divide.

The boundaries of business increasingly fade away as data is gathered from fitness trackers, diagnostic gears, sensors used in industries, smartphones. The typical upgrade includes updating to big data management technologies like Hadoop, the processing engine Spark,NoSQL databases in addition to advanced tools of analytics with support for applications drivenby algorithms. In other cases all it is needed for the needs of data analytics is the correct combination of IoT data.

Join DexLab Analytics’ Big Data certification course and kick start your career in the rapidly developing sector of data science.

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The Possibilities of Big Data

Posted on October 15, 2015May 30, 2017 by Dexlab

It is no secret that Big Data has some wonderful applications that may change the way we interact with businesses, and even more how they interacts with us through other facets of this rapidly growing field. But, what can it do concretely? This blog post shares insights of this question.

Endless Possibilities of Big Data

It can tell you what may most probably happen

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Top 10 Best Hadoop EBooks That You Should Start Reading Now

Posted on October 12, 2015May 23, 2020 by Dexlab

Based on Java, Hadoop is a free open source framework for programming where dealings with huge amounts of processed data in a computing environment is said to be distributed. None other than the Apache Software Foundation is sponsoring it. If you are looking for information about Hadoop, you will like to get in-depth information about the framework and its associated functions. To get you up to the mark with the concepts, the eBooks listed below will prove to be of invaluable help.

MapReduce

If you are looking forward to get started with Hadoop, and maximize your knowledge about Hadoop clusters, this book is of right fit. The book is loaded with information on how t o effectively use the framework to scale apps of the tools provided by Hadoop. This ebook lets you get acquainted with the intricacies of Hadoop with instructions provided on a step-by-step basis and guides you from being a Hadoop newbie to efficiently run and tackle complex Hadoop apps across a large number of machine clusters.

Also read: Big Data Analytics and its Impact on Manufacturing Sector

Programming Pig

If you are looking for a reference from which you may learn more about Apache Pig, which happens to be the engine powering executions of parallel flows of data on the Hadoop framework which also is open source, the Programming Pig is meant for you. Not only does it serve the interests of new users but also provides advanced users coverage on the most important functions like the “Pig Latin” scripting language, the “Grunt” shell and the functions defined by users for extending Pig even further. After reading this book, analyzing terabytes of data is a far less tedious task.

Also read: What Sets Apart Data Science from Big Data and Data Analytics

Professional Hadoop Solutions

This book covers a gamut of topics such as that how to store data with Hbase and HDFS, processing the data with the help of MapReduce and data processing automation with Oozie. Not limiting to that the book further covers the security features of Hadoop, how it goes along with Amazon Web Services, the best related practices and how to automate in real time the Hadoop processes. It provides code examples in XML and Java and refers to them in-depth along with what has been added to the Hadoop ecosystem of late. The eBook positions itself as comprehensive resource with API coverage and exposition of the deeper intricacies, which allow developers and architects to better customize and leverage them.

Also read: How To Stop Big Data Projects From Failing?

Apache Sqoop cookbook

This guide allows the user to use Sqoop from Apache with emphasis on application of parameters that are enabled by the Command Line Interface when dealing with cases that are used commonly. The authors offer Oracle, MySQL as well as PostgreSQL examples of databases on GitHub that lend themselves to be easily adapted for Netezza, SQL Server, Teradata etc relational systems.

Also read: Why Getting a Big Data Certification Will Benefit Your Small Business

Hadoop MapReduce Cookbook

The preface of the book claims that the book enables readers to know how to process complex and large datasets. The book starts simple but still gives detailed knowledge about Hadoop. Further, the book claims to be a simple guide on getting things done in one place. It consists of 90 recipes that are offered simply and in a straightforward manner, coupled with systematic instructions and examples from the real world.

Also read: How to Code Colour Values Within SAS Enterprise Guide

Hadoop: The Definitive Guide, 2nd Ed

If you want to know how to maintain and build distributed systems that are both scalable and reliable within the framework of Hadoop then this book is for you. It is intended for – programmers who want to analyze datasets, irrespective of size; and – administrators, who seek to know the setting up and running of Hadoop Clusters, alike. New features like Sqoop, Hive as well as Avro are dealt with in the new second edition. Case studies are also included that may help you out with specific problems.

Also read: How to Use PUT and %PUT Statements in SAS: 6 Tips

MapReduce Design Pattern

If one is to go by the book’s preface, the book is a blend of familiarity and uniqueness. The book is dedicated to design patterns by which we refer to the general guides or templates for solving problems. It is however more open-ended in nature than a “cookbook” as problems are not specified. You have to delve more in the subject matter than mere copying and pasting, but a pattern will get you covered about 90% of the whole way regardless of the challenge at hand.

Also read: SAS Still Dominates the Market After Decades of its Inception

Hadoop Operations

This book is necessary for those who seek to maintain complex and large clusters of Hadoop. Map Reduce, HDFS, Hadoop Cluster Planning. Hadoop Installation as well as Configuration, Authorization and authentication, Identity, Maintenance of clusters and management of resources are all dealt in it.

Also read: Things to judge in SAS training centres

Programming Hive

Knowledge on programming in Hive provides an SQL dialect in order to query data, which is stored in HDFS, which makes it an indispensable tool at the hands of Hadoop experts. It also works to integrate with other file systems, which may be associated with Hadoop. Examples of such file systems may be MapR-FS and the S3 from Amazon as well as Cassandra and HBase.

Hadoop Real World Solutions CookBook

The preface of this eBook illustrates its use. It lets developers get acquainted and become proficient at problem solving in the Hadoop space. The reader will also get acquainted with varied tools related to Hadoop and the best practices to be followed while implementing them. The tools included in this cookbook are inclusive of Pig, Hive, MapReduce, Giraph, Mahout, Accumulo, HDFS, Ganglia and Redis. This book intends to teach readers what they need to know to apply Hadoop knowledge to solve their own set of problems.

So, happy reading!

DexLab Analytics Presents #BigDataIngestion

Besides, feeding knowledge through eBooks, it is vital to be enrolled for an excellent Big data hadoop certification in Gurgaon. DexLab Analytics is here for you; it offers a gamut of high-end big data hadoop training in Delhi, courses that will surely hone your data skills.

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