A booming data industry in Yorkshire has driven up salaries across the region by up to 40%, according to a new study from SPG Resourcing.
The study examined salary data in January against the same month last year across a number of job roles. Project managers saw average salaries rise by 40% to £70,000, while solution architects experienced an increase of 35% to £95,000.
Business analysts have an average salary of £52,500 and senior business analysts £58,000, a rise of 10.5% and 9.4%, respectively.
The average salary for a data engineer increased by 25% to £70,000. The study highlighted a job role as one of the most challenging areas to hire currently.
Commenting on the findings, Sam Hameed, co-founder and managing director of SPG Resourcing, said: “Data is driving the digital transformation plans of businesses across all sectors of the economy, and Yorkshire is fast becoming a global hotspot with world-class projects undertaken by everyone from the NHS to financial services and international technology consultancies.
“As growth in the sector continues to accelerate, there remains a shortage of supply in key skills, which is driving up salaries. So it’s essential that the industry works together with the education sector to build a pipeline of talent.”
According to market intelligence firm IDC, the global data and analytics industry will be worth $390bn by 2025, with data used for many functions, from business insight to improving customer service and driving operational efficiencies.
The UK government has made unprecedented moves in recent years to position the UK as a pioneer in data-driven innovation worldwide. It has pledged to increase overall investment in research and development to 2.4% of GDP by 2027.
SPG Resourcing is a technology talent advisory business with offices in both Leeds and Newcastle. It provides interim and permanent technology resources to a wide range of businesses, from insurance and financial services to health, housing and large FTSE businesses.
The company recently announced plans to double to £7m and create an additional 10 jobs in the next 12 months as the sector continues to boom.