News & Updates

Big data professional salaries jumps high in 2019

The unspecified momentum in the race of achieving the rationale advantage over the Big Data technology is benefitting the employees in the form of huge packages for coming 2017. 

In the wake of the states of companies jockeying to hire skilled data scientists, the starting salaries for the big data professionals are continuing to leap high for several next years. The staffing and recruiting specialist Robert Half Technology has conducted the analysis over more than seventy-five technical designations for the annual guide provided to U.S. tech salaries, which comprises 13 positions in the data administration.

According to the reports, the starting salary for newly hired big data professional is expected to climb with 3.8 percent next year. The companies are striving hard to find the best resource for them where big data engineer is the highest paying position. The big data engineers can expect high salaries with the trends pointing to the rise in salaries ranging between $135,000 and $196,000. Besides the biggest rise in remuneration is expected for data scientists who are likely to have the remarkable 6.4 percent boost in their expected salaries in the year 2019.

Here we have gathered 13 data analytics related roles, which are highly expected to get jump coming year.

Note: Only basic salaries are calculated and data does not include bonuses and other compensation components.components.

Not only the designations, but also the skills are also the ones, going to bring the huge transformation in the remuneration figures. Robert Half Technology picked out four skills that are influential factor in boosting the salary of data professionals.

The Data professionals having Microsoft SQL server database expertise are likely to expect a significant 8 percent plunge in salary while the hands-on experience with Hadoop can make a data scientist earn an additional 7 percent. The unbeatable skill with Oracle database can offer an increase in salary with 6 percent whereas ETL skills will boost salaries by 6 percent. 

Big Data grows to $46 billion market, soon to touch $72 billion

The big buzzword Big Data has the whopping figure to back up its dignity, including $46 billion in 2016 revenue. However, it is just the tip of the iceberg; the real growth is yet to come.

The new reports from SNS research predict that by end of 2020, the companies will spend more than $72 billion on Big Data software/hardware and professional services. SNS research suggested, although, the current revenue is dominated by the professional services and hardware data, but by the end of 2020, the software revenue is estimated to exceed the hardware investments with $7 billion, while the growth is expected at a CAGR of 12 percent over next four years. Despite the challenges of private concerns and organizational resistance, Big Data investments are poised to gain the momentum throughout the globe.

The principal analyst at Ovum, Tony Baer suggested, "Sooner, Big Data will become stable stake for enterprises. Although, It is not aimed to offer the unique competitive edge to innovators, but still add a new baseline to the data analytics and decision support which is must for the enterprises to incorporate into the decision-making processes of their businesses."

The growth of the technology is attributed to a range of factors. In the recent months, Big Data vendors have become a little quiet, but the concurrent quiescence of the market is more of the need of Big Data analytics for businesses. From the state of exciting technology trend, Big Data has started to shift towards maturity. This means that the businesses have to take a different approach and bring the more focus on fine details instead of the groundbreaking products.

Data warehousing and business intelligence are top areas sensing the spending this year, but only about one quarter of organisations are investing in Big Data plans, therefore, the real growth is yet to come. Besides, the cloud storage services are making Big Data affordable, but the current shortage of business analysts with the rights skills poses the challenge.

Frank Scavo, President of Computer Economics said," If you’re looking to direct your investment towards Big Data, it is better recommended for you to be ready to invest in finding and training the people to develop the needed skills. On other hand, if you are an IT professional and looking to start out in your career, the amazingly capable Big Data would be the most beneficial and important area to concentrate upon."

By Big Data Evangelist

60 percent enterprise workloads to be shifted in the cloud by 2020

The survey by 451 Research shows that the 41 percent of enterprise workloads all over the world are either on public or private cloud. Further, the numbers are anticipated to rise to 70 percent by 2020 and the cloud-first policy is already prevailing in the industry. The increased cloud usage triggers mostly due to acquisitions, merger, hardware refreshes, and software upgrades and data center capacity expansions.

More than 38 percent of all enterprises surveyed, revealed that they already have the cloud-first policy in place. Here Europe is leading the trend, with 42 percent of organizations having such a policy. Looking at the cloud deployment methods, enterprises are most likely to use Software as a service and on-premise private cloud, each imparting 14 percent of all apps. According to the reports, the usage of the on-premise cloud will stay same while Software as a Service is expected to grow to 23 percent of entire workloads by mid 2020. However, the global adoption of on-premise private cloud will not face the significant rise from 13.8 percent to 14.2 percent.  

At the moment, Infrastructure, as a service is used only for six percent of workloads and the doubling, is predicted in the next two years. It is the highest growth expectation and infers respectable revenue potential for vendors. Andrew Reichman, lead author of Voice of the Enterprise and Cloud Transformation Research Director in 451 Research states," Owing to the fact that cloud delivers additional agility and flexibility to accommodate well with ever-changing business needs, the IaaS(Infrastructure as a service) and SaaS allow organizations to focus on the business the Infrastructure as a service and Software as a service allow organizations to focus their efforts on their business, rather than on maintaining costly and complex data centers and infrastructure. If used properly, it has the potential to dramatically improve efficiency and results of business technology usage".

Respondents also mentioned the potential for enormous growth in critical enterprise workload categories such as business applications and data and analytics. The usage for data and analytics workloads is supposed to double from 7 percent to 16 percent and for business application from 4 percent to 9 percent. The survey based on the data has been collected in May and June 2018 with more than 1200 IT professionals and interviews from a panel of 38000 enterprise technology executives and IT buyers. 

By Big Data Evangelist

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