Analytics jobs witness 76% increase in 2017-18, skill gap in market leads to over 76000 positions empty
The Analytics and Data Science Jobs Survey 2018 reveals a 76 percent increase in analytics jobs between 2017 and 2018. However around 76,000 positions related to analytics are yet to be filled in India. The banking and financial service industry has seen the maximum demand for Data Science professionals with close to 40 percent of jobs coming from this sector alone, followed by E-Commerce.
The IIT Bangalore and UpGrad had recently jointly hosted the graduation ceremony of Post Graduate Diploma program in Data Science at the IIT campus in Bangalore. The ceremony was addressed by the UpGrad co-founders Ronnie Screwvala and Mayank Kumar along with Prof. Sadagopan, Director, IIT Bangalore. The Chief Guest Gururaj Deshpande, Chief Operating Officer, Edge Products (RPA/AI) at EdgeVerve (An Infosys Company) addressed the graduates on how data as a concept has changed drastically over the last decade. He also focused on the fact that Data Science is emerging as the most valued skill and will transform the nature of work and the workplace itself. Speaking at the Graduation ceremony, Prof Sadagopan further stated, “This is our second graduation ceremony and it is great to see 650+ working professional completing this significant milestone towards reinventing themselves. We have seen great success in helping working professionals learn new-age skills like Data Science, Machine Learning and AI through the online medium. Over the next 5 years, we are aiming at up skilling 10000+ working professionals with a strong focus on career outcomes. I wish all the best to the graduating batch.”
UpGrad has seen learners from 35 industries enrolling for the PG program in Data Science with around 63% students from the IT industry followed by BFSI at 12% and 7% from the e-commerce and retail industry. Jointly conducted with IIIT-Bangalore, the first batch had 280 learners in May 2016 and has now successfully launched its eighth batch with 800 learners. The program has seen a total of 3000+ enrolments till date. The students completing the IIITB - UpGrad Data Science program have got placements in top organizations such as Infosys, TCS, American Express, Cognizant, KPMG, Bain & Company, Honeywell, Thomson Reuters, Walmart Labs, WNS Global, Oracle, Deloitte, Jabong, Genpact to name a few.
Expressing their views on the data analytics industry, co-founders Ronnie Screwvala and Mayank Kumar said, “Data Science market in India has seen phenomenal growth across sectors with various companies catering to the consumer’s different needs. However, there is a lack of job expertise in this sector. UpGrad’s PG program in Data Science achieved a pass rate of 81% from thelearner base, whereas typically paid online programs pass rate ranges between 30 - 50%. We are able to achieve the pass rate of 81% only because of the strong handholding and support that UpGrad along with IIITB provides to its learners.”
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