Big Data is no longer a trend, it’s a necessity. Data has taken the steering wheel and it is used to make strategic decisions than ever before. A lot more data is being created every day than there are people to manage it. There is a massive demand for skilled data analytics professionals. The World Economic Forum projects data analysts to be the most sought after job by 2020. As of 2018, the big data market is estimated to be at $46.34 billion as per the IDC forecast. The market is estimated to have a compound annual growth of 23.1% from 2014 to 2019. It is believed that the data analytics sector will grow at 40% per annum.
According to Forbes, the top industries hiring big data professionals are:
- Professional, Scientific and Technical Services
A gap in demand and supply of skilled professionals
There is a massive requirement for professionals skilled in UX/UI designing. Big Data, Analytics, Frontend developers etc. In big data or data analytics, the position demands an advanced knowledge of statistics, analytics, and machine learning skills. The professionals are expected to assess data and gain insights from the data to make strategic decisions for the company. The professionals in the field develop a database and use software like Hadoop, MapReduce etc. The major roles in this field include Deep Analytical, Business and Management, and Support Technology.
The emigration problem
Data science is a future-proof role in the changing industrial scenario. They are in high demand and being a part of STEM role, ensures that the students have a great career and labor outcome. Although the number of graduates has increased, the companies report a shortage of people with expertise in big data. As a result, people from Romania, Spain, Italy, Portugal, Ukraine are being hired for IT roles.
In Eastern and Central Europe, Romania is one of the leading exporters of IT products and services. The key to success of Romania’s IT professionals is the qualified professionals, low salary and their efficiency in problem-solving. After USA, Russia, and India, Romania is one of the counties with the highest number of certified IT specialists. Romania is able to meet the changing demands of their clients and has built a superior skill base in software tools and technologies. At the moment, Romania has about 150,000 employees in the IT sector, who produce 6% of the GDP. This means EUR 10 billion of a total of EUR 170 billion.
Poland has about 100,000 employees in the field, while Ukraine has 90,000 IT&C specialists. They are followed by Belarus (30,000 employees), Bulgaria (25,000), and Slovakia (20,000). Hungary ranks last in the region with about 16,820 IT&C employees.
There are over 400 educational establishments and a supportive, innovative environment allowing the tech scenario to blossom. For example, the specialized IT schools and communities like Universitatea Politehnica have enabled people to learn technical skills easily. The strong education system, a huge pool of talent and the absence of a language barrier has made Romania a key competitor in the global arena.
The local offer for IT courses is wider in the country’s biggest IT hubs, such as Bucharest, Cluj-Napoca, Timisoara and Iasi, where interested candidates can choose from a variety of such programs. Romanian universities provide a strong foundation turning the country into a game changer in the future.
To sum it up, Romania is currently a European leader and the 6th in the world, in the number of certified IT specialists.