The Industry Perspective

“Data is Precious thing and will last longer than the system themselves”
- Benjamin Franklin

“A breakthrough in Machine Learning would be worth ten Microsofts”
- Bill Gates - Chairman, Microsoft

Data Science follows scientific approach to analyse Data. Data Scientists organize and analyse data to extract knowledge which can provide insights for improved decision making and problem solving. Data science incorporates skills from many disciplines such as computer science, management, mathematics, and statistics, which results in a unique skill set desirable for many commercial and government jobs. This has resulted in incredibly strong demand, salaries, and job security for those with these skills.

According to Analytics India Report 2019-2020, the market size for the analytics domain increased to $45.4 Bn in FY 2021 – a 26.5% growth in the market size over last year when it was $35.9 Bn. The analytics domain accounts for 23.4% of the Indian IT/ITES market size in 2021. This proportion has increased from the 19.0% share last year. With the current expected CAGRs (21.2% for analytics; 8.1% for IT), the analytics industry will contribute to 41.5% of the IT/ITES market by 2026.

The Harvard Business Review has termed Data Science as the “Sexiest Job of the 21st century” stating, “There simply aren’t a lot of people with their combination of scientific background and computational and analytical skills”. According to NASSCOM there is a huge gap between Demand and Supply as far as the Data Science, Machine Learning and Big Data talent is concerned. It has been estimated that professionals with skillset of Data Science and Machine Learning can command huge salaries.

As businesses propose to double and triple their workforces and Indian companies strive to maintain their position in the global marketplace, it has become imperative to prepare and plan for a world-class, competent, talented and innovative workforce.

We, at MET, have taken an initiative for a mission of developing the trained and employable Data Science and Machine Learning experts. We, at MET, are always ahead keeping in pace with changing career trends with single motto of providing world-class education. At MET you will find the right education, in the right setting and environment and personalised attention from experienced faculty members.

Prof. Omprakash L Mandge
Course Coordinator,
MET Institute of Software Development and Research