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European Region Is the Potential Hub for Data Analytics
Analytics and Big Data continue to remain a strong and growing sector. The recent years have seen constant investment into this sector from the European countries. Let’s have a look at the opportunities for data analytics in the European region.
Fremont, CA: The contemporary organizations employ a data-driven approach towards running their business. As part of this approach, data is being leveraged as a critical business asset, which can transform and mechanize organizational procedures.
As data turns into a vital part of any business, organizations across the globe are forced to develop intelligent data applications and tools for new ways of managing and leveraging the continuous inflow of a wide variety of data. As the demand for skillsets in the data science surface, the shortage of skilled professionals in this field has become a global concern.
Consequently, there is a gap existing between demand and supply. As the gap continues to get bigger and bigger, the opportunities for data scientists in the European region are also increasing.
Europe is currently going through a shortage concerning digital skills, especially with respect to machine learning and artificial intelligence (AI). All major European technology centers, including Stockholm, Paris, London or Amsterdam, are facing this issue of lack of sufficient skilled people in data analytics.
The need for skills in the European Union is so high that there is an increasing dependency on skilled specialists from outside the European Union to meet the growing demand for talent. Considering individual countries, Finland requires about 9000 software experts now, a number which is likely to increase to about 15,000 by 2020. Further, Germany is expected to face a shortage amounting to about 3 million skilled workers. A huge part of it belongs to the data analytics industry.
The requirement for AI skills in the UK has roughly tripled in the recent past. The demand for skills in the AI industry is growing much faster in the UK as compared to countries like the US, Australia, and Canada.