Imarticus Learning
India’s leading professional education institute, offering certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management
These days with the kind of momentum that the industry of data science is growing at, it has become quite the golden time to pursue a career as a Data Scientist. It has become quite the pan-industry career, spanning various different sectors and creating multiple opportunities for professionals to derive insights through data.
Did you know that technology sector alone compromises of about 41% of the data scientists in the sector? Whereas 13% of the data scientists are seen working in the marketing sector, then 11% function in the corporate world and 9% perform consultative duties. Apart from these mainstream options, there are also data scientists working in the health care and pharmaceutical sectors, they measure up to 7%. Now that we have fairly established what a hot and happening career data science is, let us talk about some of the best career options where a data scientist can flourish. Now it is important to keep in mind the highly valuable nature of data science and the various things that it can actually result into. Which is why we will be breaking away from the run of the mill, ordinary kind of career and shift to a little more interesting bundle of the same. The first career in our list is the industry of Biotechnology, surprised aren’t you? But you shouldn’t really be, mainly because since the beginning of time, the field of science and medicine have been interdependent on each other. History is witness to the fact that as technology improved, almost all of the nations shifted their focus to growth and development of public health facilities. The reason why this field will require data scientists because, as a global community we are almost at the brink of decoding the human genome and unlocking all the secrets that have remained hidden so far. For this very purpose we would need data the size of a mountain, because it happens to be an unbelievable feat to achieve. Energy is one other industry which is on its path to vocalize its demands for data scientists. As time passes, new potential resources of energy are developed. And in order to harness the energy output of these modern resources. Various new campaigns like the storage of crude oil, exploration of new ways to extract energy and mineral wealth from earth and brain storming of new ways of transporting the energy sources and finding new ways to exploit solar energy and clean energy. All of these need expert data scientists to help them along the way. Another industry which will be in need of data scientists is the quality control and source inspection industry, then the transportation industry might also mirror demands of the same. Telecommunications is one very dynamic industry that will be in need of data scientists in the near future. In order to feed this demand, droves of people have decided to take up this as their career option. Some choose the path of gainful experience during employment whereas some choose the vocational training path, with comprehensive courses offered by training institutes like Imarticus Learning.
0 Comments
Many companies today have come to realize the importance of the new and emerging field of data science. These companies also make a huge amount of investments especially in the field of business mainly in order to take way better decisions than those that were taken in keeping with the data that was accumulated in the past. The past data happens to be generated from various sources such as business people and various other fields like marketing, education, engineering, medicine, social media as well as the various transactions that take place online, whatever the sensors notice in call centres and so on.
Today we all live in an age of lightning fast speed. Here it so happens that the economic condition of our society seems to be extremely challenging and is also changing faster than ever, at the same time it is extremely critical for organizations to focus on all of their critical issues. Here it is very important to understand the nature of the various challenges that these companies face. This will be extremely important for the future of the business analyst jobs in India. As the market has an unlimited number of options available, with all the consumers always being on the lookout for finding new ones, it is difficult for companies to hold on to their existing customers. There are many experts who are of the opinion that India stands right at the heart of the leaders in the talent markets. Our country has been at the receiving end of great success in terms of the IT sector and we are replete with human resources as well. Our country entrepreneurship skills as well as the will to innovate and experiment has always been successful in keeping us ahead of the race as compared to both China and Eastern Europe in the domain of analytics. The scope for jobs in the field of business analysts is great mainly because there are so many more countries who are ready to outsource work from us. What the future needs right now is the right kind of focus, the right kind of people and the right kind of technology to work with in order for companies to find the best kind of people and technologies in the workforce. If you happen to be someone who is all geared up for a job in the career of analytics, then you need to have a certain kind of skill set ready with you. The basic skills that you must have as a part of your skillset could range from inquisitiveness, interpretation skills, understanding of tools and methods in the most through of manner, in-depth research and ability to find out and sort the most clear of insights in any sort of clusters of data and so on. While you can most definitely acquire these skills on the job, as the market right now seems to be in the most lucrative stage for all those Bas. You could also opt for a professional training course like the comprehensive ones offered by Imarticus Learning to brighten your aspects. Banking as a sector has been an extremely attractive options for aspirants from almost all the backgrounds. This was not always the case though, but this is happens to be the present scenario mainly because of the growing importance of the economic structures and the changes within, all over the world. Apart from the social importance that the banking sector has been gathering lately, other reasons for the popularity of the same are job security and the salary packages. These reasons are more than enough for the majority when it comes to getting into the field of banking, but there are others who aren’t really convinced by the same.
Be it investment banking or commercial banking these two fields are always looking for dynamic individuals. This results into a great competitive nature in both of them as they provide the professionals with a lot of scope for vertical growth once they get employed in the banking sector. Another reason for choosing a career in the field of banking, this would be that the professionals get a huge scope of opportunities to not only test their potential but also to scale new heights and achieve greater success. One of the best features of this sector is the variety that it offers. A professional can choose to be a financial expert while at the same time can try out their hand at the process of mergers and acquisitions or even financial advisory, budgeting, portfolio management, retail management, wealth management or become a personal banker to high net worth individuals. Such great choice ensures that all the aspects of a professional’s personality and aptitude are tested out and their interest is clearly satiated without giving any monotonous feeling. One can choose from a varied number of positions like financial analyst, Probationary Officer, Account Managers to Specialist IT Officer and so on. The fact that there are so many professionals’ positions available and so much variety in the work, that it is hardly ever possible that an individual would find themselves stuck in the monotonous grind or even feel any sort of exasperation. So much variety works most beneficially for all those professionals who are ambitious as the work is not just physically stimulating so is it mentally which is what makes the field lucrative for the professionals. Lastly one of the main reasons for choosing this field would be the fact that professionals get the opportunity to travel extensively as well as get the opportunity for growth of the economy. This is because all the governments find it important to keep a track of the financial institutions and policies of the society. Not to mention that the professionals are able to be handsomely paid as well. Apart from this there are many professional training institutes today like Imarticus Learning which help train candidates to be industry endorsed and enter the field of banking. In the recent years with the boom in the technology sector and by extension, the expansive growth in the fields of business and commerce, there has been a pressing need for professionals who would be the leaders in steering the various companies to success. This is also the reason why in today’s world, positions like business analyst have grown more and more in both importance as well as numbers. This is mainly because of the fact that those people who happen to have a background in this field are often credited for the great success, growth, and development of their respective companies.
The principal aim of any organization happens to be the maximization of its profits, both in terms of monetary sense and non-monetary sense. This is why many big name companies invest a lot of money in developing the various procedures and techniques of the data science industry which will then in turn help in accelerating the process which leads to decisions after the data from the past records is processed. As this field is fairly new and is getting popular by the minute, there is a high increase in both the number of people opting for the same as well as the opportunities. A business analyst in India supposedly has quite a lot of functions to perform as a part of the daily routine. At the same time, the professional is expected to be an absolutely brilliant multitasker. Anyone who wants to become a successful business analyst must know how to perfectly juggle roles of a mediator, connector, and a project communicator. These professionals are supposed to be masters when it comes to making presentations or even having discussions with various professionals. Today it has become extremely essential for various organizations to hire professionals who are expert in big data who will be able to provide essential insights for the growth of the business. When it comes to the scope of business analysts, there are various big named companies like Infosys, IBM and many others who happen to have the need for business analysts to operate their tools in order to compile intelligent business solutions for them. There are a few approaches that you need to be well aware of in order to progress better and they are, right building objectives, right technologies, right resources, right business offers, and right top management commitments. There are various ways to make it big in this industry, but one very sure way is to learn about big data analytics tools and techniques that are usually used by all the top companies around the world. A candidate who is able to thoroughly understand his role well and is able to function perfectly well with complex business issues smartly can surely gain a lot of success in this field. As the scope widens quite a lot of this field, there happen to be many takers for the same as well. While there are long term courses that train candidates, at the same time there are also professional training institutes like Imarticus Learning that offer comprehensive courses in business analysis too. |
About ImarticusImarticus Learning is a education institute based in Mumbai. We offer certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management. Archives
December 2018
Categories |