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Emerging opportunities in the age of data

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Emerging opportunities in the age of data

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We live in a data-driven world. There are more than 4 billion people around the world using the internet.

This show an unprecedented spread and growth of digital devices. These digital devices (Mobiles, Computers, Watches, IoT etc) are the factories for creating data. It means we live in the Age of Data, and it’s expanding at astonishing rates. We may need to unplug and take a break from time to time, but data never sleeps.

This generation of huge data presents many new challenges as well as opportunities. There would be huge opportunity for the people who could collect, process, manage, drive insights and make useful decisions from this data. Certain fields are becoming very important and necessary to manage and process this data.

We live in a data-driven world. There are more than 4 billion people around the world using the internet.

This show an unprecedented spread and growth of digital devices. These digital devices (Mobiles, Computers, Watches, IoT etc) are the factories for creating data. It means we live in the Age of Data, and it’s expanding at astonishing rates. We may need to unplug and take a break from time to time, but data never sleeps.

This generation of huge data presents many new challenges as well as opportunities. There would be huge opportunity for the people who could collect, process, manage, drive insights and make useful decisions from this data. Certain fields are becoming very important and necessary to manage and process this data.

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Emerging opportunities in the age of data

  1. 1. Ejaz Ahmad Siddiqui Emerging Opportunities in The Age of Data
  2. 2. Introduction Ejaz Ahamd Siddiqui Consultant | E-Commerce Expert | Entrepreneur
  3. 3. Overview
  4. 4. 4 Billion There are more than 4 billion people around the world using the internet. 2018 Global Digital suite , We Are Social and Hootsuite
  5. 5. TOTAL POPULATION INTERNET USERS ACTIVE SOCIAL MEDIA USERS UNIQUE MOBILE USERS ACTIVE MOBILE SOCIAL USERS DIGITAL AROUND THE WORLDOCT 2018 7.655 BILLION URBANISATION: 55% 4.176 BILLION PENETRATION: 55% 3.397 BILLION PENETRATION: 44% 5.118 BILLION PENETRATION: 67% 3.179 BILLION PENETRATION: 42% THE LATEST STATISTICAL INDICATORS FOR INTERNET, SOCIAL MEDIA, AND MOBILE USE AROUND THE WORLD
  6. 6. Key Stats These numbers show an unprecedented spread and growth of internet and digital devices. These devices are the factories for creating data. Internet Penetration 4.2BInternet Users Mobile Penetration 5.1BUnique Mobile Users Active Social Media Usage 3.2BActive Mobile Social Users
  7. 7. What does these numbers mean? We may need to unplug and take a break from time to time, but, data never sleeps . Age of Data it’s expanding at astonishing rates.
  8. 8. Data is being created every minute clicks, likes, shares, rides, transactions, purchases, streaming content, your footsteps, exercise and what not.
  9. 9. Huge data presents many new challenges as well as new opportunities
  10. 10. Opportunity For the people who could collect, process, manage, drive insights and make useful decisions from this data. Certain fields are becoming very important and necessary to manage and process this data. Let me share some opportunities, which can yield great benefits for you
  11. 11. Opportunity Selection Criterion 01 | Compensation 02 | Demand 03 | Growth 04 | Future
  12. 12. You need infrastructure to manage this huge flow of data. This is where cloud comes in, but cloud does not work on its own, you have to make it work. You need to people who could talk to businesses and implement a cloud solution as per their requirements. This is what a Cloud Solution Architect do.
  13. 13. Cloud Solution Architect A person who could take ideas from the business requirements, design a solution by putting the right pieces of puzzles at right places, deploy the solution and make it work optimally.
  14. 14. Cloud Solution Architect An IT specialist who is responsible for deploying and overseeing a company’s cloud computing strategy. This includes cloud adoption plans, cloud application design, cloud management and monitoring.
  15. 15. Here is the output of a Construction Architect
  16. 16. Here is the output of a Cloud Solution Architect
  17. 17. What does a Cloud Architect do? Its system design transplanted into a cloud setting. That means designing (and often building) a cloud deployment which fulfills business goals as far as performance, cost, and complexity go.
  18. 18. Who is this for? Cloud architecture is an excellent upgrade for the System Administrators, Network Administrators, Cloud Practitioners, Team leads, Line Managers and developers with good system administration knowledge. 01 | Consectetur adipiscing elit 02 | Sed do eiusmod tempor incididunt ut labore 03 | Magna aliqua lorem ipsum dolor sit amet 04 | Eiusmod tempor incididunt ut labore et 05 | Dolore magna aliqua
  19. 19. What are the skills required to become a Cloud Solution Architect? Basically, its system administration and networking, virtualization and knowledge of Linux is also very helpful. As you need to deal with server and networking mostly in Linux environment. Certificates: AWS Cloud Solution Architect Associate
  20. 20. Opportunities
  21. 21. Demand According to a 2018 report from RightScale, 81 percent of enterprises have a multi-cloud strategy and 38 percent of enterprises view public cloud as their top priority in 2018 — up from 29 percent in 2017. https://www.rightscale.com/lp/state-of-the-cloud
  22. 22. Growth The report also found that cloud architect jobs grew in the past year, with 61 percent identifying as a cloud architect in 2018 compared to 56 percent in 2017. These numbers suggest that, companies are spending heavily in this field on top priority. There is a shortage in qualified professionals in this fields, not only there are lot of high paying jobs but it is growing year by year as well.
  23. 23. Compensation According to data from PayScale, the average salary for a cloud architect is $128,418 per year, with a reported salary range between $82,171 to $185,306 per year depending on experience, location and skills. https://www.payscale.com/research/US/Job=Cloud_Architect/Salary
  24. 24. As per Glassdoor , the average base pay of a Cloud Architect is $142,141/yr
  25. 25. Data Scientist
  26. 26. What is Data scientist? “(It’s the) Person who is better at statistics than any software engineer and better at software engineering than any statistician” Josh Wills Director of Data Engineering at Slack
  27. 27. What does a data scientist do? “(It’s the) Person who is better at explaining the business implications of analytical results than any scientist and better at the analytical science than any MBA” Jennifer Priestly Associate Dean of The Graduate College and Professor of Statistics and Data Science at Kennesaw State University
  28. 28. What does a data scientist do? Basically, a Data Scientist use data to find the best decision, in detail it is like A data scientist collects data, cleans it, creates data sets, analyzes them and derives new insights for decision making. Collect Data Cleans it Create data sets Analyze them Drive Insights
  29. 29. What does a data scientist do? He tries to predict the future with the data in hand and helps businesses improve their quality of products, services and customer engagements. Better quality means happy customers and better revenue.
  30. 30. Example How two major cancer institutions in US are utilizing data science for the treatment of cancer
  31. 31. Opportunities
  32. 32. Data is future Many students and junior professional ask which technology/career has the best scope. I would say the technology/career whose raw material is most valuable. In the wake of digital revolution, big data, AI and cloud computing, the most important asset a company could have is data. Now, the would need person who could dig out this data, analyze and interpret its implications to business decision. This is where data scientists come in.
  33. 33. Demand As per Glassdoor and Monster.com, two of the world’s largest job and recruiting sites. Data Analysis is one of the most sought skills in 2018. https://www.glassdoor.com/blog/improve-your-chances-of-being-hired/ https://www.monster.com/career-advice/article/work-skills-2018-1217
  34. 34. Avg Salary: $140K (Rs 1.5+ million) + $4K - $30K Bonuses Data scientists earn base salaries up to 36% higher than other predictive analytics professionals.
  35. 35. As per Burtch Works Study, Among the highest paying tech jobs, excellent growth With the rise of big data and machine learning, data scientists are becoming a key component in many industries -- from finance and banking to health care and drug discovery. Companies will be investing on a big scale in talent acquisition in this field. Source: Forbes
  36. 36. Required Skills
  37. 37. If we see a high-level overview of required skills for Data Scientists it is the mixture of Math & Statistics, Substantive expertise and Hacking Skills.
  38. 38. An analysis of the required skills listed in Data Scientists jobs descriptions it is the mixture of Math & Statistics, Substantive expertise and Hacking Skills.
  39. 39. Qualities required for data scientist The three most important qualities every data scientist should have: 1. A good data scientist knows the right questions to ask 2. Understands the structure of the data he has 3. Can interpret it well
  40. 40. In a nutshell Data science is all about asking the right questions and drawing meaningful insights that can lead to right decisions.
  41. 41. References ● https://wearesocial.com/blog/2018/10/the-state-of-the-internet-in-q4-2018 ● Data Never Sleeps 6.0 https://www.domo.com/learn/data-never-sleeps-6 ● https://www.rightscale.com/lp/state-of-the-cloud ● https://www.payscale.com/research/US/Job=Cloud_Architect/Salary ● https://www.glassdoor.com/Salaries/cloud-architect-salary-SRCH_KO0,15.htm ● Big Data will impact every part of your life | Charlie Stryker | TEDxFultonStreet https://youtu.be/0Q3sRSUYmys?t=241 ● https://www.glassdoor.com/blog/improve-your-chances-of-being-hired/ ● https://www.monster.com/career-advice/article/work-skills-2018-1217 ● Burtch Works Study: Salaries of Data Scientists https://www.burtchworks.com/big-data-analyst-salary/big-data-career-tips/the- burtch-works-study/ ● https://www.glassdoor.com/Salaries/data-scientist-salary-SRCH_KO0,14.htm ● https://www.forbes.com/sites/forbestechcouncil/2017/12/21/13-top-tech- skills-in-high-demand-for-2018
  42. 42. Thank you.

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