“What gets
measured, gets managed” – Peter Drucker
“Those who
do not remember the past are condemned to repeat it” – George Santayana
These two above
mentioned quotes better justify the importance of analytics or reporting or
tracking in any business. For companies, tracking the activities and analyzing
aftermaths based on the data is crucial. This write would highlight the current
scenario of analytics in HR industry as well as in other sectors.
What’s in News?
Considering
the need of more robust analytical tools for growing industries and its
broadening workforce, the Indian analytics industry is that is $ 2 billion now
is expected to touch $ 16 billion by 2025. Surprised? You must be, because it will
be 8 times of the current production of analytics market. 400 are startups out of over 600 analytical
firms in India, are fastening their belts for India’s emerging needs for
analytical solutions. NASSCOM revealed these facts in a recent report.
Future
Today, India
is amongst the top ten places for analytics technology market. As per the
NASSCOM report, the country is looking forward to be amongst the top three in
the world by 2025. The country is witnessing the emergence of specialized roles
like data strategist, visualization analyst and data architect, among others.
Possibilities
Besides
giving India more robust analytical support, it would generate a fair amount of
more analytics jobs. Over 90,000 analytics professionals are serving India to
develop analytic support across various sector such as healthcare, marketing,
security, retail and HR.
Multiple
opportunities are evolving across business verticals like software,
infrastructure, analytics and data. The growth arrow going upwards shows that
India will soon appear as analytics and big data center of the world.
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