Prospect of date science at SP Jain – A brief analysis
Bachelor of Data Science at SP Jain
SP Jain’s Bachelor of Data Science (BDS) is a 3-year course designed to prepare graduates who can conduct data-driven investigations, and conduct visual and advanced analytics by acquiring and managing data of all types. An in-depth understanding of data science and the techniques for analysis of quantitative and qualitative data to arrive at solutions with the knowledge acquired through this course will be developed by graduates. They will be able to identify patterns, predict trends, and analyse data from sectors such as manufacturing, banking and finance, retail, and healthcare.
Formats of the program
The program can be pursued in two formats:
- Study in Mumbai (Year 1) and Sydney (Years 2 and 3)
- Study in Sydney (Years 1, 2 and 3)
Growth of data science
According to a recent India Jobs study, data science is the fastest-growing field in India. As every company turns into a technology company, organizations in industries such as manufacturing, healthcare and retail are all looking to strengthen their data teams. India is emerging as one of the world’s largest data science capitals, with companies like Mercedes-Benz, Walmart, PayPal and AIG setting up data science centers in the country. India holds between 35 percent and 50 percent of the global analytics services market according to a research from the Everest Group.
While there’s an army of IT workers in India, many need to be taught new skills in emerging tools like R and Python. Almost 50% of the IT workforce will need to learn these new technologies to avoid becoming redundant in regards to the anticipation by NASSCOM, the Indian IT trade association.
Even if companies can hire the data talent they need, responding to the data crunch will take more than just quick hiring. Our current “age of analytics,” had been reported by authors from McKinsey & Co. warned in 2017: “Adapting to an era of data-driven decision making is not always a simple proposition. Some of the companies need to change their organizations so they can make the most of these investments though they have heavily invested in technology. To capture real value from analytics, many are struggling to develop the talent, business processes, and organizational muscle”
Prospect of Data Science in regards to the future in India
From organizations and individuals, Training an entire workforce of IT talent on the skills of tomorrow will take a joint effort. Not just for today’s needs, but for the needs of the future that business will need to train and hire extensively. Data science has the potential to become a key engine of economic growth in India over the next decade while training a new generation and keeping up with emerging tools is a challenge. Working on next-gen technologies in India in the next 5 years, NASSCOM predicts that the current push to re-skill and up-skill tech workers will translate to 1.5 million to 2 million people.