Image credit CIO - Big data graphics
Malaysia's Asia Pacific University of Technology & Innovation (APU) will provide its students with access to knowledge on Big Data industry software.
This move will develop expertise that is crucial for the data analytics industry in the country, said Professor Ron Edwards, vice chancellor of APU. "There is a great shortage of talent in the field of data analytics."
According to IDC's Maturity Scape Benchmark 2016 report, 34 percent of organisations in Asia Pacific (excluding Japan) are entering a more advanced stage of data analytics as compared to only 7 percent in 2014.
Globally the Big Data market is predicted to be worth US$187 billion by 2019. (Source: IDC)
This move by APU, a result of a collaboration with software company Fusionex, is in tune with the national ICT agency Malaysia Digital Economy Corporation's (MDEC) objective to increase the number of Malaysian data scientists by 2000 and data professionals to 16,000 by 2020, he said.
Lack of talent
Commenting on the initiative, KM Chen, Fusionex vice-president, said, "This shows that interest and market demand for Big Data analytics has multiplied in the last two years. However while the industry is growing rapidly, there's a serious lack of talent available in the data industry. And that is hampering its growth."
Photo - (From right to left) Professor Ron Edwards, Vice Chancellor of APU; and KM Chen, Vice President of Fusionex.
"Through the agreement with APU, Fusionex-developed BDA platform GIANT will be incorporated into the syllabus at APU to give students real-world experience using full-fledged BDA software," said Chen.
"At the same time, we will be offering internships and industrial training opportunities for APU students," he added. "Big data analytics is transforming how businesses react and engage with their customers."
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