According to NSE, the upcoming trends in technology Machine Learning(ML) would affect capital markets and create better efficiency in evolving the economy of the country.
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The global Data Analytics market in Banking sector was $7.19 billion in 2017 and it is expected to reach $14.83 million by 2023, growing at a CAGR of 12.97% between (2018-2023).
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India is considering the military usage of Artificial Intelligence (AI) for national security and military strategic purposes and the government is studying a report recommending the dual use of technology in aviation, naval, land systems, cyber, nuclear and biological warfare.
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With its increasing relevance across various sectors, the global demand for big data, analytics, and data science professionals are on a rise. Piling data along with a surge in fields such as AI, machine learning, and data science, has made analytics the most sought-after professions in India as well. There is an increase in demand for highly skilled professionals and companies are on a constant lookout for professionals who can fill the gap.
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According to the latest report of Tiobe index, python beats C++ in popularity ranking. Python breaks all records and achieving into the top 3 rank into tiobe index report.
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According to Semi annual Big Data Analytics spending guide from IDC (International Data Corporation) the big data analytics revenue to reach $260 billion by 2022 with a growth of 11.9% over 2017-2022 forecast period.
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