India, being the second most populated country in the world and being on a steady progressive curve, does look like a perfect market for any new enterprise. Since the promising economic development of India is no secret investments have come in abundance. To stand out in the Indian market a great deal of data analytics is absolutely necessary. That is why we see a wide spread analytics ecosystem forming in India. Just like the IT and other software oriented industries India serves as a cost efficient talent pool for the global analytics industry as well. More than 200,000 Indian analytics professionals are working in numerous global analytics teams. The foreign market aside, we see a formidable domestic wing of Indian analytics developing very fast.
It is very satisfying to know that the domestic industry is currently drawing more revenue than the foreign investments. All though only a fourth of the Indian analytics workforce is currently employed by domestic firms, this number will surely change as the Indian companies start making a global impact with time.
The amount of data generation is increasing at both an individual and an organizational level. There are currently 383 million smart phone users and about 242 million internet users in India and counting. This, at large, is the gross consumer base for any company that is operating online. In order to find the truly potent section of consumers for a certain company, it is important to monitor the data generated by as many people as possible. The next step being, targeting a certain group with customized promotional programs. We need not get into the intricacies of the analytical procedure. What we can derive from here is the fact that in order to satisfy the analytical needs of companies trying to penetrate the Indian market a great analytics ecosystem is necessary. As response to this requirement, thousands of analytics service firms have come into being in India. Indian cities like Delhi and Bangalore are really playing a considerable part in forming the Indian analytics industry. More than 15,000 analytics jobs are being created in India on a yearly basis. This growth is well complemented by the emergence of various analytics courses in India. Spread around Delhi, Bangalore, Hyderabad, Pune and Kolkata, analytics institutes are creating an industry ready workforce. Fresh candidates and professionals alike are drawing considerable profits from these courses. Both online and offline courses are available in abundance.
Though it cannot be claimed that all these institutes are up to the mark but there are several renowned academies that do offer top notch analytics courses in India. The combination of data driven enterprises, analytics service firms and the academies, create a healthy ecosystem of big data analytics in India, which is growing at a CAGR of 30.5% and promises to reach a global level very soon.
