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Is it a Good Time to Startup in the Big Data domain

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12th Jun, 2018
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Is it a Good Time to Startup in the Big Data domain

This article is written by Karthikeyan Mohan, a student on UpGrad and BITS Pilani Big Data Engineering program.
An entrepreneur faces a lot of challenge in the current scenario with changing policies and market risks associated with the business. To be a major player in the present market in any field of business it’s very important to stay focused and updated. Sharpening of a saw to cut the hardest of things is the key to success.

Here sharpening refers to the sharpening of knowledge and that can be done through understanding the trend from a huge volume of available data. The future world is driven by DATA and FACTS and it paves the way for an entrepreneur to enhance his scope in the business world in a professional manner.


Digging the data and interpreting them into useful business insights helps to understand the ways of doing business successfully in the present scenario.

15 Must-know Big Data Interview Questions

In any business context, understanding the requirement is crucial. The knowledge acquired by pursuing these technologies can be implemented across domain like retail, manufacturing, media and entertainment, etc., unlike SAP.

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Even though there are a lot of sources available on the web, to learn under proper guidance is the key route to success!

While there are plenty of avenues available for courses on and its associated technologies, this particular course “BITS Pilani PG Program in Big Data Engineering” powered by UpGrad focuses on entire end to end “Apache Hadoop ECO System” and its architecture rather than focussing on one particular tool. This awareness and in-depth knowledge will be certainly helpful in the decision-making process, understanding the profiles needed based on requirement.
The prime focus of people while pursuing the course should be in acquiring the knowledge and the crux of identifying the current trends in the desired area more than obtaining the marks. Beyond a point, knowledge is what matters than the marks we scored.

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Big Data Tutorial for Beginners: All You Need to Know

If an entrepreneur is clear on his/her goals and his vision, then understanding the concepts and visualising it with that particular sector will be crucial in achieving real-time milestone efficiently.
As there is a plenty of datasets available over the web, we can apply out strategies on those datasets and examine how good the proposed logic is effective even before actually applying in one’s own organisation.

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Overall after completing the above-said course on BIG Data, individual will have altogether a different perception and point of view. On every single opportunity where plenty of consumers involved, they can come up with unique strategies and ideas which will be the need of the hour.

Big Data Engineers: Myths vs. Realities

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From entrepreneur point of view, implying artificial intelligence, data mining and effective content management by utilising various technologies will be vital in attaining major profit.

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If you are interested to know more about Big Data, check out our Advanced Certificate Programme in Big Data from IIIT Bangalore.

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Profile
Karthikeyan Mohan with over 5 years of experience in IT industry, worked as a core member in many data integration projects on the retail domain. Out of passion, running a catering company in Chennai successfully since after quitting his job in 2011. Media & Entertainment,script writing,blogs, updates on current trends on data handling methodologies are other interest areas. He's an entrepreneur and a student of UpGrad and BITS Pilani Big Data Engineering program.
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Frequently Asked Questions (FAQs)

1What are the challenges faced by an entrepreneur?

There could be tons of problems that an entrepreneur initially comes across. Choosing the right product or service is first. An entrepreneur is skilled, educated, and knowledgeable about pursuing their passion and starting a company, but figuring out what they please to sell is the starting point. In several cases, businesses fail to understand the customer base. Conducting relevant research on what you are selling could equally benefit you. Another challenge that an entrepreneur faces is establishing funds initially. A bank loan is the first get-go; however, there are other ways. Sometimes these techniques work depending on the demand and supply. Raising funds initially is always a challenge for entrepreneurs planning to sell their products in the market.

2What is the efficient way to overcome challenges like finding capital in the journey to become an entrepreneur?

An entrepreneur needs capital to place their business and survive through other challenges. Although it could be difficult at the start, it is best to find resolutions during the planning phase. In addition to selling your products efficiently, you should also be able to market yourself. The best way to head at it is to involve investors and seek help from platforms that organize funding campaigns. Friends, family, or even colleagues could support you in your venture. Initially, it is all downhill until you become resourceful after a certain point. Fundraising platforms are also an effective way to proceed.

3What are the things you should consider before becoming an entrepreneur?

Entrepreneurship won’t make you rich overnight. There is no scheme that will fill your pockets instantly. Thus, if you are doing it only to get rich quickly, the interest will fade off. There are many hardships that an entrepreneur has to go through, including failure, risks, capital loss, etc. Having a mindset to dive into the entrepreneurial world won’t be enough. Entrepreneurship is a process that takes time, and you should only pitch yourself completely in if you are ready to go through whatever it takes.

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