Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. But it’s not the amount of data that’s important. It’s what organizations do with the data that matters. Big data can be analyzed for insights that lead to better decisions and strategic business moves. Big data is changing the way businesses operate. Driven by a new scale of data collection that provides massive levels of information, businesses are now able to analyze and gather data insights to make better-informed decisions.
At our Innovation hub, you will learn tools and analytical methods to use data for decision-making, collect and organize data at scale, and gain an understanding of how data analysis can help to inform change within organizations. You’ll develop both the technical and computational skills that are in high demand across a range of industries. You’ll develop critical skills in programming for data science, computational thinking, algorithm design, big data fundamentals, and data-driven analysis, with plenty of opportunities to apply and explore your new learning’s through a range of case studies.
Job Outlook & Career Impact:
- A McKinsey Global Institute study states that by 2018, the US will be facing a shortage of about 190,000 data scientists and 1.5 million managers and analysts who can understand and make decisions using Big Data. (Source: Edureka!)
- A report by Glassdoor shows that the median salary for a Data Scientist is US$116,000. (Source: www.glassdoor.com)
- The average salaries for jobs with titles related to Big Data are Big Data Scientist, US$123,000, Lead Data Scientist, US$108,000, Data Scientist and Principal Data Scientist US$102,000. (Source: edureka!)
- Career prospects for people with data science skills and training include data scientist, data engineer, data architect, data administrator, data analyst, business analyst, data or analytics manager and business intelligence manager. (Source: edureka!)