Today, data is omniscient and omnipresent. This data is getting generated at a rapid pace. This has primarily been because of the explosion in our use of click stream, mobile applications, and social media. It’s a gold mine for businesses which can separate the wheat from the chaff to identify the trends. Companies across segments are now looking at this pool of data to determine how best it can be mined and gauge their customers’ likes and dislikes. Storing, analyzing and making sense of data of such unwieldy dimension will be a challenge of epic proportions. However, we believe India is on the right path to steal a march over others. In this study, jointly conducted by NASSCOM and CRISIL GR&A, we offer a big perspective on Big Data and how it can be turned into actionable insights.
We are confident that India will be at the forefront in offering Big Data analytics and related IT services. The challenge, however, is meeting the demand of data scientists and IT engineers which is estimated to reach approximately 15,000-20,000, at a CAGR of 80 per cent by 2015. The signs, though, are encouraging.
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