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The advanced analytics talent pool in India will triple to more than two lakh by 2020 from 65,000 in 2018, contributing to a large part of the global supply boom.
Globally, the advanced analytics talent pool is expected to reach one million during that period, double that of 2018 levels, according to a study by Bain & Company.
Advanced analytics is a part of data science that projects trends, events and behaviours.
Arpan Sheth, partner, Bain & Company, an author of the report said, “India has the potential to cement itself as the dominant global provider of advanced analytics expertise by focussing on data security and privacy. With new data protection regulations in place in Europe and coming soon to California and other jurisdictions, India has an opportunity to take the lead by setting standards for data use and curation, and for how analytics is delivered.”
“The first step is for India’s analytics industry, in conjunction with the government, to adopt data security protocols, standards and certification to minimise risk of data misuse and breaches in security and privacy,” Sheth added.
India has the opportunity to become a critical analytics hub for both domestic and global companies and a global leader if educators, business and regulators solve some key challenges, the report said.
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