Friday, February 23, 2018

Jigsaw Academy, India’s top online s0QIQyQ18chool for analytics, and Analytics Vidhya, India’s largest analytics and data science community have launched the Analytics India Industry Report 2017 – Salaries & Trends. While automation is spelling doom for IT services professionals in India (and worldwide), this report comes as a life saver to many. With the recent flurry of layoffs by major IT players, the report suggests that adding analytics skills to their kitty will not only save careers for IT professionals, but also help them get a bump in their pay.

The Indian IT industry has for the better part been services focused. While that worked a decade ago, it is no longer the need of the industry. Weighing in on this, Gaurav Vohra, CEO &Co-founder of Jigsaw Academy says, “We have long talked about moving up the value chain in terms of the services we offer to the world. We now have a chance to become the intelligence hub for the world. The IT industry can transform itself into IT 2.0 by riding on the big data wave. But they need to move fast if they have to stay relevant.”

The report also has extremely interesting insights on the kind of salaries currently being offered to professionals with analytics skills. The bet on Machine Learning is finally paying off and it is the best paying analytics skill in the market currently, with an average pay of Rs. 10.43 LPA, even beating Big Data to the top spot, which comes in close with an average pay of Rs. 9.93 LPA.  However, what companies seem to cherish are professionals with both these skill sets, a combination which fetches a cool Rs. 13.94 LPA on an average.

A huge change, as per the report, is the industry wide adoption and use of open source tools. In fact, for the first time this year, top tools that can help professionals get into analytics are R and Python, both of which are wildly popular open source tools. This points to the fact that popularity of expensive analytics computing software is on a steady decline. The salaries based on tools too seems to reflect this. R and Python skills alone pay better than SAS, with average pay of Rs. 10.40 LPA and Rs. 10.12 LPA respectively. But here too, it is the combination of multiple skillsets seems to pay the best. The best paid professionals are the ones with SAS + R + Python proficiency, with an average pay of Rs. 12.91 LPA. The report also includes more salary insights based on city, company size, experience, and domain.

Speaking about the report,Kunal Jain, Founder & CEO of Analytics Vidhya said, “Open source tools combined with machine learning techniqueshave become the focus of the industry. It is evident from the report that companies prefer people who embrace the open source ecosystem and have high agility to learn new tools and techniques – a trend we see across our competitions and job portal. Companies are looking out for well-rounded professionals who can apply Machine Learning & Big Data to solve real business problems.”