Big data is a term for data sets that are so large or complex that traditional data processing applications are inadequate. Challenges include analysis, capture, data curation, search, sharing, storage, transfer, visualization, querying, updating and information privacy. The term often refers simply to the use of predictive analytics or certain other advanced methods to extract value from data, and seldom to a particular size of data set. Accuracy in big data may lead to more confident decision-making, and better decisions can result in greater operational efficiency, cost reduction and reduced risk.
It is estimated that data collected and generated by companies and governments is growing by approximately 40% per year. Global companies that smartly leverage this data have created significant value; estimates suggest 4% higher productivity, 6% higher profitability, and up to 50% greater market share
The big data market is expected to grow from USD 28.65 Billion in 2016 to USD 66.79 Billion by 2021*, at a high Compound Annual Growth Rate (CAGR) of 18.45%.
According to Silicon Republic one of the top jobs most in demand for 2015 will be Big Data and Analytics.
IRELAND-THE NEXT BIG IT BOOM IS HERE.
The Irish Government’s Action Plan for Jobs 2013 has identified “Big Data” as one of the areas where Ireland has distinct advantages compared to other countries. The Government believes their skills base and research capability in ICT has the potential to reap substantial benefits in terms of jobs and growth from the global expansion of the “Big Data” sector. Ireland has been and continues to invest heavily in research capability that services Big Data needs.
Today, if you look at any prominent Irish Jobs website and search for the title job ‘Analyst’ there are over 1400 jobs available. If you narrow that down to ‘Data Analyst’ there are 558 jobs available. Recently, 500 Irish jobs were announced by the e-commerce major Amazon and a high percentage of these would be data related.
To access this buoyant career area you should consider studying Data Analytics. In terms of course options, Griffith College Dublin (GCD) offers an MSc in Big Data Management and Analytics. This one-year course will provide you with the specialist skills necessary to find challenging and fulfilling employment in the dynamic I.T. sector to become an independent, critically minded specialist capable of analyzing industry trends and opportunities in the field of Big Data. Some of the modules included are Big Data Analytics, Cloud Computing, Applied Data Science, Research Methods and Data Mining Algorithms. If you wish, you can further your education and obtain higher qualifications in computing. Apart from GCD, there are also other similar courses available at University College Dublin (UCD) and National College of Ireland (NCI). To know more, CLICK HERE.