New Areas of Technology Job Creations For Next Decade
The degree of success achieved by them is questionable, but the need of knowing the future and predicting the behaviors have caught fancy of corporate world in today’s modern times. From gut feelings of experienced managers to data mining to come out with predictable patters is finding more and more need in the corporate world where the future is changing faster than one can cope up with.
With the advent of internet and now with so many touch points of every individual whereby they generate huge amount of data has a wealth of information hidden that can probably bring out some value to businesses. The Big Data hype moved the world to technologies that helped large companies crunch data faster, but in most of the cases, the business case of investing in a technology like Big data has been limited to churning out reports faster and in some cases giving granular and real time information not possible earlier. While the experiments continue, the world is slowly coming to definitive answers to how proper analysis of data available within and outside their domain can help replace astrologers for their businesses and come out with more relevant and timely information that can help their business grow.
Over last two decades, the data crunching job was limited to the BI (Business Intelligence) of what we also call as Data warehouse concept. These models were only focused on post mortem analysis of data available within the domain of the company and in most cases was limited to standard information like finances and stocks. The possibilities that Big Data era brought to the corporates in terms of making best use of the information they have and can collect from outside their domain has opened up several opportunities for engineers.
Predictive analysis will become a whole new opportunity for data engineers and business visualizers who can create new products, spend less on advertisements and yet get better results, can hire the right talent with less effort and bring better value to every dollar spent by helping remove the waste from the traditional information channels.
It is sure that the new corporate astrologers would not only create a better value for the businesses, they would also create a whole new breed of technology jobs.