It is believed that Business Analysis will shape the future of the business world in many noteworthy ways.
In the manufacturing industry itself, almost half of all the business organizations have revealed that analysis will be at the centre of the advanced manufacturing plants. Experts will rely upon these intelligent business insights to cut working expenses, enhance resource utilization, and increase the agility and unwavering quality of their activities. Business Analysis plays an important role in execution knowledge, constant logistics administration and production quality assessment. Cybersecurity is perhaps the most hot-shot topic of discussion in the contemporary business world. This is one other avenue for business analytics to prevail. At EMC World in 2015 in Las Vegas, EMC CEO David Goulden had said that analytics-driven business intelligence is the fate of cybersecurity.
“The security industry is changing dramatically. If you look to the past, firewall and antivirus technologies came up as the main solution” he had said. Today we will talk about the future of this profile by the year 2019.
Expected Business Analytics professional demand 2019
Changing infrastructural landscapes and increased number of business challenges constrain organizations today to search for systems that guarantee higher business returns and lessen operational costs at the same time. Organizations may have huge bundles of information in each and every territory of research, exhibiting, bargains, creating client administrations etc. They have to institutionalize information stockpiling and security plans, to adjust their operational structure to industry prerequisites. The future of Business Analytics looks brilliant as a vocation and a subject for good research. Business Analytics is a niche space which requires trained professionals. Big Data, Business analytics, statistics, probability, administration, and IT Outsourcing has developed inconceivably in a previous couple of decades. With the easy availability of youthful and capable talented assets, the eventual fate of business analysis looks encouraging for now.
Let us take a look at the data given here –
Number of Estimated Job Postings by 2020
Data-Driven Decision Makers
If you take a good look you can see that the various profiles that fall under the radar of Business Analysis are likely to do good in the coming years.
Here are some further facts that will make things clearer for you with respect to the scope of this profile
- By 2020, the number of job profile for all US business analysts will increase from the present 364,000 openings to 2,720,000 as indicated by IBM.
- Business Analytics experts with MapReduce aptitudes are earning roughly around $115,907 a year overall, making this the most sought-after expertise as indicated by a recent survey.
- “The fastest developing profiles are that of entry-level Business Analysts and Advanced Business Analysts, which are anticipated to see a demand surge by 28% by the year 2020. “ JanBask Training
- The usual patterns have suggested that the job openings for employment regarding all the profiles of Business Analysis stay open for a normal period of 45 days, which is a five day longer period than the market average.
- It usually takes 53 days by and large to fill the position of an Analytics Manager in Professional Services, making this position as one of the most difficult positions to fill up.
Take a look at the few profiles that you can land in the coming years within the domain of Big Data Analysis-
- Analytics Manager
- BI Solutions Architect
- BI Specialist
- Big Data Engineer
- Business Analytics Specialist
- Business Intelligence (BI) Engineer
- Data Engineer
- Data Visualization Developer
- Machine Learning Engineer
- Machine Learning Scientist
Career Ladder that should persist by the year 2019
If you are already working as a BA professional then you can surely expect your career to move ahead in the following manner-
When you have spent quite a while working in the field of business analysis, you will achieve several defining moments for your career. Following three to five years, you can be expected to jump to the profiles like Project Manager, Domain Specific BA such as IT Business Analyst, Stats Business Analyst etc. After five years of experience, you become a Senior Business Analyst The more experience you have as a business analyst the better things would come down your way. Following eight to ten years in different business analysis positions, you can progress to becoming the Chief Technology Officer or work as a Business expert.
This is the current trend and is likely to stand good for the coming years too. This is what you can expect your business analytics career to grow into.
Starting your career in Business Analysis can be a defining moment of your life. It is obvious that you would be very anxious while making this decision. We can only say that surety about anything is impossible in this world of dwindling and fragile market economies. We can only make predictions based on the current patterns and trust me the current patterns look good for your future as a Business Analyst.