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Big Data analytics is growing by leaps and bounds.

According to Nasscom (National Association of Software and Services Companies) the expected rise in the Indian business analytics sector is 8-fold (from $2 billion to about $16 billion). It targets to make India among the top three big data analytics market in the world. To achieve this target Nasscom is partnering with its members to build a multi prolonged approach that encompasses skill development, thought leadership, products and platforms. India is an emerging hub for analytics solutions across the globe. The witnessed rapid growth is due to increased demand for cloud based and predictive analysis solutions by industries like BFSI, retail, telecom and healthcare. Even the requirement of manpower in this sector would increase magnificently in the next 5 years.

It is the rapid advancement of artificial intelligence and deep learning algorithms which enabled the development of machines which can do tasks that requires deep expertise and skills. Read more at: http://economictimes.indiatimes.com/tech/ites/big-data-analytics-to-reach-16-billion-industry-by-2025-nasscom/articleshow/52885509.cms

 

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