There will be a shortfall of 1.5 million decision science professionals by 2018 in US alone – Gartner. It is equivalent to total employees employed by all top ITES service providers in India together. Decision science professional to command a salary premium of 35 to 60% over other professionals with Average salary for a fresher being 8 to 13 Lakhs.
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Organizations & industries are moving towards smart algorithmic business and by 2020 smart algorithms, classifications & predictive techniques will make businesses autonomous & facilitate 40% of mobile transactions, 5% of all economic transactions, authorize 30% of all business content, Customized patient care, drive IoT. The smart algorithmic decision science business will be the business of the future and it will change society as we know it.
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With advent of Satellites, sensors, social media, smartphone & digitization – World is at inflex point of data explosion. Digital data increased by 2x of all the data created historically. Decision science industry in $ terms to grow at CAGR of 30%+ for next 5 years – Gartner
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