BENGALURU: The demand for talented professionals is growing in analytics and data sector as startups and established firms  in the industry is expected to hire a lot more people with fat packages, says a report.

The study, Analytics and Big Data Salary Report 2016, conducted by Jigsaw Academy in collaboration with Analytics Vidhya has claimed that there will be 32.2% demand for people having qualifications in analytics. This is six to eight times more than the demand for IT jobs that is 26.4% nationally, reports TOI. "The demand for data professionals have grown but a corresponding surge in supply has failed to happen. Experts estimate a shortfall of around 2,00,000 data analysts in India by 2018. The extremely competitive pay scales reflect this incongruity," says Gaurav Vohra, CEO, Jigsaw Academy.

Unlike large companies, Indian startups are ready to pay over Rs10.8 lakhs per annum to attract the best talent in the analytics landscape. So, if you are looking for a big leap in your career, big data tools like R, SAS, SPSS are keys. Data analysts are being paid a whopping Rs12.19 lakhs per annum in Mumbai, and Bengaluru comes second with a hefty pay of Rs10.48 lakhs per annum. Kolkata ranks seventh on the list of cities that pay highest salaries to analytics (Rs9.35 lakhs per annum) with a low demand of data scientists but for employees in this field here, the savings is huge.

The study also points out that the more experience you have in field the more salary you will earn. Employees who are having three to five years of experience and certificate courses in data analysis are getting nearly 12.3 lakhs per annum, and those who holds nearly 10 years of experience are getting over 30 lakhs per month. “This is one of the most exciting times to be alive for data science professionals. We are standing at an inflection point in history, after which analytics and data science will become an integral part of any product or service available," says Kunal Jain, Founder & CEO, Analytics Vidhya.

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