The `big data finance` market is expanding mainly in the banking, card, and insurance sectors as the financial authorities have proposed major regulatory improvements. However, big data experts are getting worse in the market. In particular, big data professionals who have received specialized training have gone directly to foreign countries to find good conditions, and are now directly training big data experts by financial companies. It takes a long time to train manpower, and systematic education is also difficult.

Demand for specialized human resources has surged with the expansion of big data financial services centered on banks, cards, and insurance businesses, but it is becoming increasingly difficult to obtain real big data professionals.

Big Data Expert Manpower Employment is going on not only in the financial sector but also in all industries. According to a survey by the Korea Information Technology Agency (KISA), the size of the domestic big data market, which was worth 201.3 billion won in 2014, increased to 344 billion won in 2016, but the number of big data workers in Korea is 9321 by 2017. It is only 9.1% of the total data workers (102,375).

In the case of banks that are engaged in the acquisition of big data technologies, they are actively engaged in securing big data experts, but they are in short supply compared to the rapidly increasing demand.

Unlike last year, IBK IBK has recruited students from science and natural sciences, including the Big Data, to open a job in digital finance. "As the workforce pool for the IT sector is narrow, IBK has expanded its employment field to include digital data, including big data." While the proportion of digital finance business is expanding and demand for big data professionals is expanding, And it is becoming increasingly difficult to secure professional manpower. "

Meanwhile, KEB Hana Bank also signed a contract with the Big Data Research Center of Seoul National University and is supporting big data specialist education programs for 37 managers. KEB Hana Bank official said, "It`s getting harder to find a big data expert," he said. "Big data is being taught to existing executives and managers.

Credit card companies, which use big data extensively throughout marketing, new product discovery, and delinquency management, are in a more serious situation.

"Big data majors are going to foreign countries because they are going to foreign countries, so it takes a lot of money to get them to the company," said Kim Hyo-jung, head of Big Data`s business. We are planning our own program. "Hyundai Card officials said, "It has become very difficult to hire a big data expert," he said. We have been putting other department personnel into the big data department to re-educate."

Financial experts emphasize the need to foster big data finance professionals who can combine digital technology and financial services as well as deregulation in order to stimulate big data finance. "There is a pity that the financial authorities should have prepared the big data related professionals so that they can be put into the financial market on time," said Professor Jeong Yusin, professor of business administration at Sogang University. "We need to make it available to the digital financial market through retraining."

By Hwang Byung Seo BShwang@


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