Monday, December 9, 2013

NIIT ventures into Business Analytics to create a pool of qualified professionals


Chennai: NIIT, leading Global Talent Development Corporation and Asia’s largest IT trainer announced the launch of a comprehensive and unique – “Program in Business Analytics” to develop the next generation of data scientists and business analytics professionals.

As the need for analyzing huge volumes of data presents immense opportunity for businesses today, there has been a growing demand for analytics professionals across various sectors. To cater to this emerging trend, apart from some of the leading business schools, NIIT is the first to introduce a cutting-edge program in Business Analytics.

Given the large amounts of new data created every single minute, analytics skills are no longer just an extension of the IT professional, they are becoming increasingly important for businesses. Business Analytics is emerging as an industry in its own right.

According to a study by IDC, it is estimated that global enterprises will invest Rs 12000 Crores (US$120 Billion) by 2015 to capture the business impact of analytics across hardware, software and services. The study also estimates a five-year compounded growth of 16 per cent for the Indian analytics market. NASSCOM has also estimated that from fifty thousand today, the demand for Analytics professionals in India will grow to 2.5 lakh by 2015.

 

 In today’s business environment analytics plays an ever increasing role in various contexts, as it is estimated that about 1300 exabytes of information exists in the world of which 90% is unstructured and only 2% is non-digital. Perceiving the need for skilled analytics professionals in almost every industry vertical, NIIT has launched the ‘Program in Business Analytics.’ The six months program has been developed by industry experts with inputs from several leading analytics companies and offers a fine balance between concepts and hands-on practice.

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