The U.S. has endured some well-documented political travails over the last quarter, but fortunately the technology market is continuing to thrive. Big data is penetrating ever more business areas and skilled IT workers continue to be in demand across the country.
Global management consulting firm McKinsey & Co. believes big data analytics is one of the top five catalysts that can increase U.S. productivity and raise GDP over the next seven years. However, the firm also predicts that the U.S. could face a shortage of 140,000 to 190,000 people with “deep analytical talent” and of 1.5 million people capable of analyzing data in ways that enable business decisions by 2018.
Operational intelligence firm Vitria highlighted the growing profile of big data in a recent survey, showing that firms now want to use it more widely and, importantly, more quickly. Some 41 per cent of respondents wished to be able to take action on data within seconds or minutes of gathering it, showcasing how crucial this form of analytics is becoming to business plans.
Mary E Shacklett, president of tech research firm Transworld Data, confirms that workers with business savvy IT skills are in hot demand. "How companies are actually exploiting their big data, coupled with their continued reliance on enterprise master data, suggests that a 'mixed' skills set might be in order for big data workers," she declared.
According to WANTED Analytics, a business intelligence provider, September 2013 saw the number of jobs that require data analytics skills sets increase by 13 per cent year-on-year.
With the lifespan of a U.S. Smartphone averaging around 21 months, big data isn't the only skill-set driving growth in the market. Consumers are clamoring for increased speed and functionality which means product development is a constant priority.
A recent Gartner forecast predicts that more than 2.3 billion mobile devices will ship worldwide in 2013. Companies need to re-architect their underlying infrastructure so customers can access applications and data from their mobile devices. This means applications are being developed at a faster pace than ever before.
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