Earlier days there were quite of few things and entities that you could very surely say were present everywhere around you. Most of them happened to be intangible like air and other gases, light and so on. But the way our world has been technologically revved up and has been evolving so far, there happens to be one more addition to that list of things. This addition is of the field of data science. This field mainly deals with data and data is literally everywhere today, from your I-Pod to your savings account, there are almost no virtual spaces on the world wide web where the data or even the traces of the same do not exist.
One thing is for sure, this data does not just exist, but it is continuously growing and that too at quite the rapid rate. This is because almost each and every single one of us is creating data every single millisecond. As the population grows at almost an alarming rate, the standard of living also grows simultaneously and the result is very much visible in the use of mobile phones and the free and easy access to the internet for almost everyone out there. This phase of the 21st century is rapidly being transformed in to quite a formidable era where most of the companies, earlier unwilling have chosen to adopt software analytics technologies in their very approach.
As there happen to be millions and millions of great developments on the socio-economic front as well as the increasing decrease in the cost of data collection, storage and processing is why the name big data came into being in the very first place. The impact of this field of data science and the combining field of data analytics is not just on corporations or the governments, there are many others too who seem to be taking huge strides in this arena. India, one of the fastest growing economies has emerged as the third largest hub for the establishment of start-ups on the global level. At the same time Indian consumerism is also growing by leaps and bounds lately.
This can be chalked up to the very feeling of entrepreneurship that is time and again experienced by the middle class. As there happens to be a push for the digitalization of the country, there is a similar push for the invention of digital payments, alternate to the various other types of payments. This is all the more true because of some of the overall changes like that of the demonetization. It is in news recently that the centre is also rapidly taking up measures to strengthen and make every single governmental institution from banks to railways accept payments that are digital in nature.
With this entry of big data in the field of economics, it is soon to be seen that there will be a higher demand for industry trained professionals, only those of which institutes like Imarticus Learning would be able to provide to take the world of data a step ahead.
