CONTENTS [hide]

• What is MBA Business Analytics
• How Buseinss Analytics helps companies
• What will you learn in Business Analytics
• MBA Business Analytics Salary
• Scope in Business Analytics
• MBA Business Analytics Eligibility
• Business Analytics top recruiters
• Job Roles in Business Analytics
• Fee & Scholarship

What is MBA Business Analytics:

MBA in Business Analytics combines business management with data analysis. It assists businesses in assessing their performance, locating areas for improvement, and making data-driven decisions to achieve their objectives. 

It serves as a map and compass to steer the corporate ship towards goals, avoid dangers, and make the most use of resources. 

With every passing day, the markets are becoming more and more competitive. The company has to stay updated with all the happenings in the industry as well as within the company, so that’s where a Business analyst comes in. An MBA in business analytics can help companies gain valuable insights into their operations, customers, and markets. With these insights, businesses can identify areas for improvement, optimize processes, and make informed decisions that can drive growth and success.

IILM has been preparing students to become great business analysts for the past 10 years.

How Business Analytics Help Companies:

Do you know, all the digital services like Netflix, Zomato, Amazon Shopping, Make My Trip, etc. that we are using today, are running on cloud services that are provided by Amazon. But have you ever wondered how come Amazon became a monopoly in providing cloud services despite IT giants like Google, Microsoft, etc. in the market? The company gives all its thanks to business analytics.

Amazon did market research, studied the pattern of technological advancement, and identified the growth potential in the market for cloud services. They launched AWS, and it became an instant hit in the market, and today AWS contributes a significant amount of revenue to the company. 

This is just one example of how “Business Analytics” skyrocketed the growth of a company and gave them a competitive edge in the market.

What will you learn in MBA Business Analytics:

Here are a few key skills that you’ll learn in this course and how these skills will help you grow an organization.

1. Data Analytics: It helps you make more logical and data-driven decisions, for example, a tea stall chain owner can use data analytics to identify places with more customer footfalls, do customer segmentation & design its services accordingly, etc.
2. Predictive analytics: This course teaches you how you can logically predict/estimate/calculate the future of the market or how your product or service will perform in the market in the upcoming years.
3. Data Management and Security: Business analytics is all about the data, so it is very important to not let your customers’ data get into the wrong hands and keep it updated and safe.
4. Big Data Analytics: Here you’ll learn how to work with huge data sets with the help of software like Hadoop, Spark, NoSQL databases, etc.
5. Statistics: Understanding statistical concepts, hypothesis testing, and regression analysis to extract insights from data.

Industry Experience: Being one of the best MBA universities in India, IILM is dedicated to equipping its graduates with relevant industry skills and preparing them for upcoming challenges.

MBA Business Analytics Salary:

Year	Highest	Average
2021	16 LPA	8 LPA
2022	18 LPA	8 LPA

Scope in Business Analytics:

The company’s thirst for skilled “business analysts” will never end. Because in today’s digital landscape, everyone is continuously generating their data footprints, which companies use to precisely recommend the most relevant products/services to them. None of these recommendations can be made without the involvement of a business analyst, who can collect the data and extract useful insights from it.

Other than just making recommendations, a business analyst has huge scope in predictive analysis, risk analysis, operation analysis, financial analysis, and much more.

Further in the article, we’re going to talk more about the job roles that business analysts get offered.

Eligibility for MBA Business Analytics:

To be eligible for admission, applicants should have a bachelor’s degree from a UGC-recognized university or equivalent institution, with a minimum aggregate score of 50% or an equivalent grade (CGPA/CPI, etc.). Candidates in their final year of the bachelor’s degree program can also apply, but they must provide the final year degree certificate/mark sheet later. Admission for these candidates will be provisional until they submit valid proof of passing the bachelor’s degree examination with the required percentage of marks before the prescribed last date. Failure to do so will result in the automatic withdrawal of admission without further notice.

Applicants should have valid test scores in one of the following national-level tests conducted in the current year: CAT (conducted by IIMs), XAT, MAT, NMAT, CMAT, or GMAT. It’s important to note that IIMs and XLRI have no involvement in the selection process or the program’s conduct. GMAT scores are valid for 5 years, so please ensure that your scores remain valid until the enrollment date specified in the schedule.

Business Analytics Top Recruiters:

Previous
Next

Job Roles Offered after doing MBA in Business Analytics:

IILM has been conducting student placements for MBA students for a very long time, and being an integral part of this organization, I feel myself to be the most eligible person to answer this question. So here’s the complete breakdown of all the various job profiles offered in different profiles:

Finance Profile

• Financial Analyst
• Risk Analyst
• Financial Consultant

Marketing Profile

• Marketing Analytics Manager
• Customer Analytics Manager
• Product Manager

Sales Profile

• Sales Analyst
• Business Development Manager

Digital Marketing

• Digital Marketing Analyst
• SEO Analyst
• Social Media Analyst

Human Resources (HR)

• HR Analytics Specialist
• Talent Acquisition Analyst

General Management

• Operations Manager
• Strategy Manager
• Business Intelligence Manager

MBA Business Analytics Fee & Scholarship:

MBA Business Analytics Fee: IILM is known to have a competitive and justified fee structure, along with various scholarship programs to support the students who deserve it. Here’s the complete breakdown of the fee structure for the MBA in Business Analytics.

	Fee	Total
Year 1	5.4 Lakh	10.8 Lakh
Year 2	5.4 Lakh

Scholarship:

MBA students can get 10-40% of fee concession at IILM University here’s the detail about the scholarships:

Percentage	Eligibility
40%	80% in 12th + 70% in bachelor + 700 in MAT or 300 in CMAT or 240 in NMAT
20%	CAT/XAT percentile between 71 to 79
10%	60% above in B.Tech. or B.E.

In today’s cutthroat work environment, having an MBA can be quite beneficial to raise your salary package and gain an in-depth knowledge on business skills. With so many high-paying employment alternatives available, MBA graduates must know the top job options that can result in high wages and long-term success given the growing need for skilled professionals. This post will take you through 5 lucrative job positions that an MBA holder can pitch to showcase their business management skills, and the role of IILM University in helping MBA students to sharpen their business analytical skills which can help pitch their dream jobs.

Top 5 High-Paying Careers after MBA:

1. Investment Banking (Specialization Finance):

Fresher Salary: ₹6-12 Lakhs

One of the most sought-after professions for MBA graduates is investment banking. In this job role, you’ll be instrumental in securing funding for businesses, advising on mergers and acquisitions, and offering customers strategic financial guidance. You can succeed in this industry and get a substantial wage if you have a solid grasp of finance and great analytical abilities.

2. Marketing Management:

Fresher Salary: ₹7-12 Lakhs

For MBA graduates with excellent communication and analytical skills, marketing management is a well-liked job path. You’ll be in charge of creating and implementing marketing strategies as a marketing manager to boost sales, increase brand recognition, and increase your company’s market share. Marketing management is a desirable job path for recent MBA graduates due to the possibility of high earnings and career advancement.

3. Management Consulting:

Fresher Salary: ₹8-12 Lakh

Another frequent employment choice for MBA grads is management consulting. As a management consultant, you will work with companies to analyze their operations and suggest suggestions for change in order to help them perform better. You can have a major impact on your clients’ company while earning outstanding pay thanks to your knowledge of several management disciplines.

4. Private Equity:

Fresher Salary: ₹10-15 Lakh

Private equity specialists collaborate with investment firms to buy, run, and ultimately sell businesses across a range of industries. Having an MBA enables you to take advantage of your financial and analytical abilities to spot possible investment opportunities, assess their potential returns, and negotiate deals that are advantageous to your business and the firms you invest in. For MBA grads looking for a professional path, private equity is recognized for its high pay and bonuses.

5. Data Analytics Manager:

Fresher Salary: ₹7-14 Lakh

For companies trying to use data to drive decision-making and boost performance, data analytics has become a crucial area of focus. You may assist organizations in making data-driven decisions, creating data-driven strategies, and improving their operations as an MBA graduate with a background in data analytics. Excellent career prospects and earning potential are available in this profession.

Requisite Skills sets for each career path:

You’ll need to build a strong set of abilities and attributes if you want to excel in any of the high-paying aforementioned professions. Here are a few abilities that can help you secure a successful career in MBA:

• Outstanding analytical and problem-solving skills (transdisciplinary; management skills- majors finance/marketing).
• Excellent interpersonal and communication abilities (communication, writing skills & organizational behavior).
• Possessing both leadership and team management skills (trans: op, management, strategic, OB).
• Thorough knowledge of corporate operations and strategy.
• Open to learning and adapting to the changes.

What we offer at IILM:

The MBA program at IILM University is designed accurately to make its students succeed in every aspect of their careers by teaching them real-time, industry-oriented concepts and equipping them with the skills high in demand in today’s job market.

Salary potential and growth opportunities

Depending on the industry, region, and years of experience, the typical compensation for these high-paying occupations after an MBA might vary significantly. However, these professions are renowned for providing competitive pay and lots of room for development as your career advances.

Summarizing:

Thus, completing an MBA can help you maximize your earning potential and professional development by opening up a wide range of high-paying work options. Investment banking, management consulting, private equity, data analytics, product management, marketing management, and entrepreneurship are among the most profitable and satisfying employment options for MBA graduates.

Building a strong skill set and remaining adaptable in the always-changing corporate environment are crucial for success in these sectors, and that’s where IILM University is stepping in to give MBA aspirants a brighter future and enhance their overall personality.

"This article is written by H. Karan Kumar in association with Prof. Taran Kaur."

Introduction:

Amid crores of pending court cases, India is witnessing a huge demand for skilled lawyers, advocates, and judges. A lawyer is a crucial part of the Indian judicial system, dedicated to maintaining harmony in society. However, none of this would be possible without the knowledge centers of our country, which are working tirelessly to provide law students with cutting-edge legal education and all the necessary practices required to mold them into successful lawyers. One such educational center is IILM University, which brings accomplished lawyers into the classroom to teach law students and provide them with real-life experiences with one of the biggest moot courts in the field.

In this article, I am going to guide you through the entire process of becoming a lawyer from scratch. You can also use this as a roadmap for your law journey.

Also Read:

WHAT IS LAW?

Dr Anchal Mittal

Law as a career:

A job in law is very fulfilling because it gives lawyers the ability to change people’s lives and run the path of justice more effectively. They have the skill to represent clients, make arguments, and negotiate agreements as legal experts, having a big impact on people and communities. This line of work also provides access to powerful networks that link lawyers with other senior lawyers, judges, public servants, and corporate executives, establishing beneficial connections and providing chances for collaboration. A lawyer can also have a significant impact on society by promoting social reform, standing up for marginalized people, and helping to create fair and just laws. In short, a profession in law offers a special combination of benefits, authority, and the chance to have an enduring impact on society.

6 Steps to Become a Lawyer:

Here’s a full comprehensive guide to making a successful career in law:

1. Obtain a Law Degree (LL.B.)

You must first earn an undergraduate law degree (LL.B.) before you can practice law in India. The two main paths to earning an LL.B. are as follows:

1. Integrated Law Degree (5-year program):

This program is for students who have completed their 10+2 education. In India, a number of universities like (IILM University) provide integrated law programs like B.A. LL.B., B.Sc. LL.B., B.Com. LL.B., and B.B.A. LL.B.

2. 3-year LL.B. program

Graduates with a bachelor’s degree in any field are eligible for this program. The three-year LL.B. program offers comprehensive legal knowledge and only focuses on legal topics.

2. Clear the All India Bar Examination (AIBE):

You must pass the All India Bar Examination (AIBE) after earning an LL.B. in order to practice law. After passing the AIBE, you will receive the “Certificate/license of Practice,” which entitles you to represent clients in any court in the nation.

3. Gain Practical Experience:

You need to develop your practical legal experience if you want to advance in the legal field and become a judge. This includes working for law firms, running your own business, or giving corporations or government organizations legal advice. Concentrate on honing your legal skills in this phase, particularly those related to research, drafting, negotiation, client counseling, etc.

4. Prepare for Judicial Services Examinations

In India, you must pass the relevant State Judicial Services Examination or the Higher Judicial Services Examination in order to become a judge. The High Courts or Public Service Commissions of the relevant states are responsible for administering these tests.

1. State Judicial Services Examination

Eligibility: LL.B. degree and a minimum of 2-7 years of experience (varies by state)

2. Higher Judicial Services Examination

Eligibility: LL.B. degree and an age between 35-45 years.

5. Clear the Judicial Services Examinations

These tests are divided into three parts: the preliminary, mains, and interview. Civil and criminal laws, the Indian Constitution, the Indian Penal Code, the Code of Civil Procedure, the Code of Criminal Procedure, and other pertinent laws are frequently covered in the course curriculum. To perform well on the exams, it is essential to gain a thorough understanding of these subjects and practice frequently.

6. Undergo Judicial Training

You will be appointed as a judge (civil judge, junior division, or judicial magistrate, first class) after passing the judicial services examination, and you will go through a rigorous training program at the relevant state judicial academy. This training will equip you with the skills and knowledge necessary to perform your judicial duties effectively.

FaQs:

How long does it take to become a full-fledged lawyer:

To become a licensed lawyer, it can take you 6-7 years after your 10+2.

How much money can it take to become a lawyer?

The price may fluctuate at different colleges, but in IILM, it takes INR for your bachelor’s in law.

The best specializations to opt for in law are:

Here’re the most well-payed specializations in LAW: Corporate Law, Intellectual Property (IP) Law, International Law, Tax Law, Labour & Employment Law.

How much do lawyers earn?

Well, it depends on various factors but, here’s an average calculation: For entry-level: 5-8 LPA, For Experienced: 18-50 LPA, For Senior: 1 crore per Annum.

Read Related Content:

WHAT IS LAW?

Dr Anchal Mittal

Inculcate Academic Lawyers to Practice Law

Chavi Sood

An Ideal Law School

Harshita Jain

The law abiding citizen

Monika Sharma

TABLE OF CONTENT [hide]

1. Introduction
2. Importance of Specilizations in B-Tech
3. Top 7 Specilizations to take in CSE
1. Cyber Security
2. Data Science
3. AI and ML
4. Graphics and Gaming
5. Internet of Thing
6. Blockchain Technology
7. Cloud Computing
4. Tips to Choose the best Specilizations for You
5. Conclusion

Introduction:

Market dynamics are changing rapidly, and we’re living in such a fragile era where being ordinary is not enough. But don’t worry; standing out from the crowd doesn’t require you to be born extraordinary but a consistent effort to get better at your skills. Right now, you would have just passed your 12th-grade boards or gotten done with your JEE examination, which tells you that you have time, energy, and enough mental capacity to work on your primary skill and get good enough at it to overpower the majority of your peers.

At this point, any mistake in choosing your career path would cost you a lot of time and effort, and you can even feel burned out after a while and may get a feeling of low motivation to enter and conquer your field.

So, in this article, we are going to talk. What are some of the best, future-ready, and AI-proof specializations to pursue with B-tech CSE, and how can you choose the best one for you? We’ll also see case studies of one of the many high achievers from IILM and how choosing the right specialization helped them make a great career. 

Importance of Specialization in B-tech:

It’s no secret that the job market is in an economic crunch and companies are laying off their employees. The reality of the job market is that the competition is huge, and if you possess an outdated skill or don’t have in-depth knowledge in any particular field, you’ll be crushed brutally. However, such conditions aren’t going to last, and circumstances are going to change soon, but we still have the AI wave to see, and god knows how many jobs it will scoop away. But one thing is for sure if you are really good at what you do, you don’t belong to the crowd, and being unique comes with the perk of irreplaceability. Now, achieving excellence in any skill requires you to have a specialization along with your ordinary degree. That’s why specialization is so important if you want to pursue your bachelor’s in computer science. 

At IILM, we have live examples of students who achieved unimaginable success with our industry-oriented curriculum and specializations.

https://www.youtube.com/watch?v=Jee-qPDpCKw

Top 7 specializations to take in BTech CSE:

In this section, we’ll see what are the most demanded and industry-oriented specializations in B-tech CSE that are future-proof, have demand in the market, and can offer you a high package job.

1. Cyber Security:

I don’t feel the need to tell you how important this field is, both in terms of financial and security purposes. To give you an idea of the depth of my statement, all I need to quote is;

“World War III will consist of cyberattacks.”

The most important part is that this field is yet untouched by most of the Indian students, which means the market for cyber security is very less crowded, unlike just another software engineer in India. If you have a specialization in cybersecurity, you are already ahead of the crowd. 

Skills Require

To be a cyber security expert who is good at securing their company’s crucial data, here are a few skills that you need to possess:

•  A deep understanding of networking, operating systems, programming languages, and software development.
• Be up-to-date with the latest threats and vulnerabilities. They should have the ability to identify, analyze, and respond to potential security threats.
• Must be able to analyze data, detect patterns, and identify anomalies that may indicate a security breach.
• Cybersecurity professionals need to adhere to ethical principles, as they have access to sensitive information and play a critical role in protecting their organization’s assets.
• The cybersecurity landscape is constantly evolving, and professionals must continuously update their skills and knowledge to stay current with the latest trends and technologies.

 Remember, being a cyber security expert comes with a huge responsibility, and you need to be personally a little composed and careful of your communications.

Job Prospect:

As I mentioned earlier, cybersecurity has a healthy demand but a poor supply. You have a large opportunity in this field where you don’t have to face a huge crowd of people. Even in such a stiff market condition, companies are willing to pay 50,000–60,000 INR on average for freshers in India.

Industry trend:

The cybersecurity sector is expanding and is anticipated to do so in the years to come. Cybersecurity has become a crucial area of emphasis for businesses and organizations due to the rise in cyber attacks, data breaches, and our increasing reliance on technology. The worldwide cybersecurity industry is anticipated to increase from $173 billion in 2020 to $270 billion in 2026, at a CAGR of 9.7%, according to research by Cybersecurity Ventures.

2. Data Science

Clicks, impressions, reach, performance, and customer retention drive this digital world. Now, to succeed in the world of such diverse data sets, it’s crucial for companies to analyze this huge pile of data and get useful insights out of it. Data analytics taps into the exact needs of data science. In today’s market, there’s a huge demand for good data analysts who can dig into data and fetch useful insights for the company’s benefit.

Skill Requirements:

• Data analysts need to have strong analytical skills to be able to analyze and interpret large datasets. They need to be able to identify patterns, trends, and correlations in data to provide insights and recommendations.
• Strong command of technologies such as SQL, Python, R, and data visualization tools.
• They should be able to identify key business metrics and how they relate to data analysis.
• They should be able to identify and analyze data-related problems and develop solutions that are data-driven and aligned with business goals.

Job Prospect:

Businesses and organizations need qualified professionals to analyze vast amounts of data, which makes data analytics a highly sought-after field. Data analysts are key players in this process, assisting businesses in better understanding their clients, streamlining processes, and gaining a competitive edge.

• Healthcare uses data analytics to examine patient data and enhance patient outcomes. 
• It is applied in finance to manage risk and find investment opportunities. 
• It is applied to online shopping to give customers a more tailored experience. 
• Additionally, it helps marketers target the appropriate audience with the appropriate message. 

This indicates that there are numerous job openings for data analysts across a variety of industries.

Companies are comfortable paying 35,000-40,000 INR for any fresher in the data analytics field.

Industry trend:

Data analytics is a fast-expanding area. The size of the worldwide data analytics market is anticipated to increase at a compound annual growth rate (CAGR) of 22.3% over the forecast period, from USD 49.2 billion in 2020 to USD 132.9 billion by 2025. Also, as organizations look to make wise choices in these unsettling times, the COVID-19 epidemic has pushed the use of data analytics.

3. Artificial Intelligence and Machine Learning:

The world is well aware of the capabilities of AI, and the imagination of sci-fi movies that we used to talk about is here. Today, you can get a 99% precise answer to all your most complex questions within a snap, and this is all possible thanks to AI and software trained on ML programs. Also in electric vehicles AI and ML programs are widly used. Many Gen Z’s today are scared that AI is gonna take their job but always remember 

“AI will not take your Job the Person using AI will”

So to stay ahead of the generation and keep your profession AI proof you should either be in the top 1% of your job or do the job that AI couldn’t. 

Now, making AI or working on ML programs are the kinds of stuff that only human intelligence can do ‘till now’. That’s why learning AI is so crucial in today’s competitive world.

Skill Requirements:

As Python, R, and Java are frequently used for data analysis, creating predictive models, and creating algorithms, having a solid foundation in these languages is essential for success in the field of artificial intelligence (AI). 

Moreover, as AI specialists must be able to evaluate data and create prediction models, a strong foundation in statistics and mathematics is required. Lastly, understanding machine learning is essential since it entails teaching algorithms for computers to learn from data and make judgments. Deep learning, natural language processing, and data visualization are additional crucial abilities for AI workers.

Job Prospect:

Professionals in artificial intelligence (AI) have excellent employment prospects in India. The need for AI specialists has risen by 76% in the last year alone, according to a survey by Analytics India Magazine. This is a result of the growing use of AI in various sectors, including healthcare, banking, and retail. Data scientists, AI researchers, and machine learning engineers hold the most in-demand positions in the field of artificial intelligence.

AI specialists in India may anticipate earning respectable compensation. The average income for an AI expert in India, according to Payscale, is roughly INR 800,000 per year, with entry-level jobs earning about INR 500,000 and senior-level jobs paying over INR 2,000,000.

Industry trend:

A lot of data shows how artificial intelligence (AI) is developing and becoming more significant. From 2021 to 2026, the worldwide AI market is anticipated to expand at a CAGR of 42.2%, according to research by ResearchAndMarkets. According to PwC research, by 2030, AI will be worth up to $15.7 trillion to the global economy. 

During the past four years, there has been a 74% yearly rise in the number of AI-related job ads on LinkedIn, showing a rising need for AI specialists. These figures highlight the demand for people with AI knowledge and abilities in the labor market and the huge growth potential and growing relevance of AI across several industries.

4. Graphics and Gaming:

The previous ten years have seen significant advancement in gaming and visuals in the entertainment industry. Modern software and technology have enabled game developers to build remarkably lifelike virtual worlds that immerse players in alternate realities. Modern video games’ visuals and movement are so lifelike that it may be challenging to tell them apart from reality, whether you’re playing on a console or a mobile device.

The need for experts with knowledge of graphics and games has grown dramatically as technology has advanced. For people with a passion for creativity and technology, the gaming industry provides a wide range of job prospects, from game design to animation, graphics programming, and visual effects.

Skill Requirements:

A strong background in computer programming languages like C++, Java, and Python is the key qualification needed for a career in graphics and games. It’s essential to have knowledge of visual design programs like Adobe Photoshop, Blender, or 3D Studio Max in addition to programming.

Also, experts in this industry must be well-versed in computer graphics, data structures, and algorithms. It’s also crucial to be familiar with gaming engines like Unity, Unreal Engine, or CryEngine. Moreover, experts in data science, machine learning, and artificial intelligence may use their skills to further improve the gaming experience.

Job Prospect:

One of the fastest-growing industries in the world is the graphics and gaming business. A Newzoo analysis projects that by 2024, the global gaming business will be worth $218.7 billion. The gaming sector now offers more job possibilities as a result of this expansion.

Professionals in the gaming and graphics industries may expect to work in a variety of positions, such as those for game designers, animators, UI/UX designers, game developers, and graphics programmers. Depending on the position and amount of expertise, the typical remuneration for a graphics and gaming specialist in India ranges from INR 400,000 to INR 2,000,000.

Industry trend:

The growing acceptance of virtual reality (VR) and augmented reality (AR) is one of the most important developments in the gaming sector.

By 2024, the VR/AR market is projected to be worth $72.8 billion, according to a MarketsandMarkets analysis. Games like Pokemon Go and Minecraft Earth leverage augmented reality (AR) to improve the gameplay experience, demonstrating the significant momentum that these technologies have already achieved in the gaming industry.

The expansion of mobile gaming is another trend in the gaming sector. According to Newzoo research, there will be 2.7 billion mobile gamers worldwide by 2023. As mobile gaming gains in popularity, game designers and developers now have more chances to make games that are optimized for mobile devices and provide a smooth gaming experience.

5.  Internet of Things (IoT):

The Internet of Things, or IoT, has completely changed how we interact with our environment. The Internet of Things (IoT) is a network of hardware, software, and sensors that are linked to the Internet and capable of sharing data and making decisions in real-time. We can manage our houses, automobiles, and even our health thanks to the Internet of Things (IoT).

Skill Requirements:

You’ll need a solid grasp of hardware, software, networking, and security standards in order to succeed in the IoT. It is crucial to be proficient in programming languages like Python, C++, and Java. Knowledge of data analytics and cloud computing platforms is also advantageous. With the IoT, it is also crucial to have the capacity to analyze and comprehend enormous volumes of data.

Job Prospect:

IoT experts will be in high demand as the IoT market is expected to develop dramatically in the upcoming years. The global IoT market is anticipated to develop at a CAGR of 25.68% from 2019 to 2026, reaching $1,386.06 billion, per research by Allied Market Research.

IoT is a fast-expanding sector in India, where both established businesses and numerous startups are making significant investments. IoT specialists are in high demand, with positions like IoT architect, IoT developer, and IoT consultant being among the most sought-after.

Industry trend:

Rapid IoT industry growth is having an influence on a number of industries, including healthcare, agriculture, transportation, and smart cities. With the development of 5G technology, which will offer faster and more dependable internet access, and the rise of edge computing, which will allow devices to process data locally rather than relying on the cloud, the expansion of the IoT is anticipated to continue in the upcoming years.

The worldwide edge computing market is anticipated to reach USD 43.4 billion by 2027, rising at a CAGR of 34.1% from 2020 to 2027, according to a MarketsandMarkets analysis. IoT devices will be able to process data more quickly and effectively as a result of the rise in edge computing.

6. Blockchain Technology:

Blockchain technology is a ground-breaking innovation that has the power to completely revolutionize how we trade, distribute, and keep data. It is a distributed ledger system that is decentralized and enables safe transactions without the use of middlemen.

Skill Requirements:

One has to have a solid background in computer science, cryptography, and data structures in order to succeed with blockchain technology. It is crucial to be proficient in programming languages like C++, Python, and Solidity. It’s also essential to be familiar with networking, distributed systems, and consensus techniques.

Job Prospect:

In recent years, there has been an increase in the need for blockchain experts, with positions like blockchain developer, architect, and consultant among the most sought-after. The fastest-growing career role in 2018 and 2019 was blockchain developer, according to LinkedIn research.

The blockchain market is expanding quickly in India as well, with several startups and well-established businesses making significant investments in the technology. Professionals in the blockchain business are in high demand, and their pay is among the highest in the IT sector.

Industry trend:

Several industries, including banking, supply chain management, healthcare, and voting systems, stand to benefit from the use of blockchain technology. In the upcoming years, it is anticipated that blockchain will continue to expand as new use cases and applications are created.

The size of the worldwide blockchain market is anticipated to increase from $3.0 billion in 2020 to $39.7 billion by 2025, at a CAGR of 67.3% over the course of the forecast period, according to an analysis by MarketsandMarkets. The expansion of the blockchain sector has also been aided by the advent of non-fungible tokens (NFTs) and decentralized finance (DeFi).

7. Cloud computing:

In recent years, virtualization and cloud computing have been major forces behind the digital revolution, allowing companies to operate more effectively, safely, and affordably. These technologies have made it possible for businesses to virtualize their IT infrastructure and move workloads to the cloud, enhancing their flexibility, scalability, and agility.

Skill Requirements:

It is crucial to be knowledgeable about cloud computing platforms like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). Moreover, understanding virtualization technologies like VMware, Hyper-V, and KVM is essential. Knowledge of containerization tools like Docker and Kubernetes is also becoming more and more crucial.

Job Prospect:

Professionals in the fields of cloud computing and virtualization are in more demand than ever; among the most sought-after positions are those for cloud architects, cloud engineers, and virtualization engineers. Cloud computing positions were among the top-growing employment titles in 2019 and 2020, according to LinkedIn research.

The cloud computing market is expanding quickly in India as well, with both new and well-established businesses making significant investments in cloud technology. Professionals in the field of cloud computing are in high demand, and their pay ranks among the best in the computer sector.

Industry trend:

Businesses are now more nimble and able to respond to shifting market conditions thanks to cloud computing and virtualization technology. In the upcoming years, it is anticipated that cloud computing will continue to expand as new use cases and apps are created.

The global public cloud services market is anticipated to expand by 18.4% in 2021 to reach $304.9 billion, up from $257.5 billion in 2020, according to a Gartner analysis. The expansion of the cloud computing sector is also being fueled by the emergence of multi-cloud and hybrid cloud systems.

5 Tips to Choose the Best Specialization for You:

We are bringing you these specialization tips from the most experienced counselor of IILM. Follow them all to choose the best specialization.

1. Identify your personal interest: Now, for some people knowing their own passion in itself is a huge task, and I’ll be “writing a dedicated blog post on that topic. But for an instance, you can take some ideas from your childhood, friend circle, and school memories and identify what were the things that made you curious or grab your attention for a longer time. Make a list of all the Ideas and refine the 3 most interesting things out of them. 
2. Now read about all the 3 topics you’ve chosen and dig and little deeper into all of them. Identify what’s that one thing to which you can devote the most energetic years of your lifetime.
3. Look at the topics and do your own research about future prospects.
4. Now you must be able to find out the best option for you.
5. If you still can’t you should be consulting a good career councilor who can guide you to the right path for your career plan.

Conclusion:

The market trends will keep changing, but if you want to excel in your career, you have to develop a learning habit and the ability to adapt to this changing world. Most importantly, you must do your own market research and explore other fields. At this age, you have plenty of time and energy that you can devote to learning new skills and excelling in your career. I hope these specializations can give you an idea of where the market is going and what stream will hold the technology of tomorrow.

If you love reading such insightful content, do follow us.