The World Economic Forum released an encouraging report for anybody interested in a career as a data analyst. They stated that data analytics will be the fastest growing profession over the next decade. This report is consistent with statistics compiled by IBM. Big Blue said that around 700,000 new data scientist and data engineer jobs will be created by the end of next year.
These types of economic forecasts tend to be reasonably accurate. However, it is difficult to cite them with exact precision. A number of conflating factors could reduce or increase the demand for data analytics jobs in the foreseeable future.
Here are some of the factors that could impact future demand for this rapidly growing profession.
A shortage of skilled data professionals could temper demand
Supply and demand for big data professionals is a two-way street. If there is a shortage of people willing and able to fulfill the job requirements, then demand could also stagnate.
Why would this occur? If new startups can’t attract reliable data professionals, then they may have to fold. This could lessen the number of big data startups, which in turn would cause the demand for entry-level big data analytics service jobs to decline.
The outlook is not …