The Advanced Analytics talent pool in India will expand from 65,000 in 2018 to more than 2,00,000 by 2020 – a three times growth in just two years, contributing to a large part of the global supply boom, according to a release.
Globally, the advanced analytics talent pool is expected to reach 1 million during that period, double that of 2018 levels, according to a Bain & Company report: ‘The Indian Equation for Advanced Analytics Talent’ released on Wednesday.
Today, we are in the midst of an explosion in data and analytics, and India has a unique opportunity to become a critical analytics hub for both domestic and global companies and a global leader if educators, business and regulators solve some key challenges, the report said.
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Innovation in analytics is a priority for almost every organisation today, the release added. Yet, bottlenecks in the key areas of talent, data and analytics strategy often block progress. To understand this talent bottleneck and the best way to unleash it, Bain & Company analysed the market for analytics talent globally, interviewing practitioners and experts, reviewing job boards and professional community listings and studying educational programme statistics. The report, according to the release, identified two trends that are simultaneously expanding the talent pool in India. The first is the rapid influx of graduates with data and analytical skills joining the workforce in increasing numbers. This is augmented by India’s deep existing ecosystem in information technology, especially in programming and systems integration. These two sources have combined to make India a vital hub of analytics expertise and have fueled the early growth of its analytics outsourcing industry.
Source: Economic Times
