As quoted by Mr. Paul Abraham, Executive Vice President, TNS Consumer Intelligence Consulting
Analytics will always find application in an increasingly "Knowledge-Driven" world. As Information and Communication Technologies capture and bring exponentially growing amounts of data to our desktops, the need for skills to mine this data and move it up the Data-Information-Knowledge-Insight value chain can only grow stronger. The reasons why prospects for analytics will remain bright in the near to medium term is two-fold Given the abundance of trained statistical manpower in India and the relatively low wages, India will remain an attractive destination for the KPO business. Additionally India too will witness the growth in demand for analytics services as user companies (clients) invest in data warehouses to capture and store data, and as markets grow more competitive. They will come under increasing pressure to adopt modern data-supported management practices.
Fact:
According to estimates of companies like Evalueserve, Nasscom - Analytics and Market Research are going to be the new outsourcing pillars of India increasing at a compound annual growth of above 30%.
Weblink : Market Research Data Analytics Solutions Provider Bangalore
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The size of the Analytics market globally is estimated around $25 billion today. It is increasing very fast, doubling almost every five years for the last few decades, with $19 billion dollars in 2006. It is expected to grow to $31 billion by the end of 2011 (source - IDC 2007).
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