Data Science! Hearing everyday everywhere! What’s the craze about it? As a career option, Data Science has emerged over the years in the job market. In this data-driven world, it is one of the most attractive and trending jobs. Over the past few years, CNBC, LinkedIn, Glassdoor in their respective reports have informed Data Scientist profile to be the topmost job globally. Data Science is no more unheard of, but we might not be aware of what it is all about. Here’s giving you all details about what it is.
What is Data Science?
Data science is the study of data. It involves developing methods of recording, storing, and analyzing data to effectively extract useful information. The goal of data science is to gain insights and knowledge from any type of data — both structured and unstructured.
The following things can be considered as the examples of Data Science, such as Identification and prediction of disease, Optimizing shipping and logistics routes in real-time, detection of frauds, healthcare recommendations, automating digital ads, etc. Data Science helps these sectors in various ways.
Post Covid-19 Pandemic, the nature of work and workplace has changed drastically. The digitization and increasing usage of technology has left the people wondering on what the future is going to be like. Similarly, data was always a key part of any and every business, but it received its prominence only a few years back. The 21st century has seen job market in Data Science massively growing and is now a never-ending saga.
Whether you are a student or a professional, we are all learners. Be it to start a career or have a change in your career, Data Science is truly a good option in the present and future world. Want to know why having a career in Data Science can be fruitful? Here are 7 reasons why you should opt for it.
1. Increasing Data
Any professional who can organize the data to provide business solutions in a world where 2.5 quintillion bytes of data is produced every day, is to be a hero! With experts predicting that 40 zettabytes of data will be in existence by 2020, we have crossed the year and are only growing in terms of data. The need of data professionals is never going to reduce.
2. Increasing Demand for Data Science Professionals
India is the second highest country next to US, in recruiting Data Science professionals. Data being the key element for businesses, irrespective of the industries, the companies have opened up a huge market for data science professionals. The demand is increasing with every new business entering the market. The job openings are with all companies, be it Start-Ups, SMEs and MNCs. It’s the future and will be in demand always. In a survey conducted by Analytics Insight, it was said that there would be 3,037,809 new job openings in data science, worldwide.
3. Well-Paid Career
Career is related to earning money. When a person works hard and with efforts, an equal amount of pay is expected. Data Science is one career which is fruitful in terms of pay scale. Data Science is an inter-disciplinary field of data analysis, demanding a range of skillsets. For business growth, the comprehensive sets of skills helps to make data-driven decisions. In India, the average salary is INR 1,000,000. The top data science salaries in India can be checked here.
4. Numerous Applications
Across industries, data science applications are numerous. The continuous advancement in the technology has enlarged the range even further. Be it Pharmaceutical, eCommerce, IT, Logistics, or any other industries, the applications are innumerable. These applications are not just numerous, but very essential and critical.
5. Availability of Multiple Roles
We hear Data Analyst and Data Scientist quite often. But, do all people who acquire Data Science degree are Data Scientists or Analysts? No! There are multiple roles available that a person can grab like –
(i) Data Scientist
(ii) Data/ Business Analyst
(iii) Data Engineer
(iv) Data Science Manager
(v) Data Architect
(vi) Data Administrator
(vii) Data/ Business Manager
(viii) Big Data Engineer
(ix) Machine Learning Engineer
6. Less Competitive In Market
Though not a newbie, Data Science is considered quite new when compared to other traditional IT jobs. Growing at a fast pace has triggered a huge demand for Data Scientists and allied roles in the market, but on the other side, there is also a huge skill gap. The demand and supply of Data Science professionals is an alarm, because the skilled professionals available are very low in the market; making it less competitive.
7. Diversified Skill Sets
Data Science is easy to learn but it comes with a combination of skills to know. Any role requires appreciable data handling skills. Skills like Data Structure, Visualization, Planning, Predictive Modeling, Mathematics, Analytical Skills, Statistics, Algorithm, Programming, Communication, and many more are required to be a complete Data science professional. A detailed and well-defined course like Applied Data Science by Hitachi Vantara on iTrack. It offers Applied Data Science – Business Track and Applied Data Science – STEM Track. The course is affordable and very well structured to make the base strong.
Choosing a career which rewards you is an essential factor in everyone’s life, but understanding which career path to choose is the real game. Learning Data Science with the right tools, techniques and strong base can be a game changer for those looking to change their career or start their career to showcase their credibility and get visible.
With the need for more data science professionals, this is a golden opportunity for job seekers. In today’s world, data science is driving different industries and business as an engine, and look around in detail and observe your activities, and you shall notice using data science in some form or the other.
The skill gap in the demand supply for data science professionals is huge. Take the plunge to reap the benefits from this profitable opportunity. Data Science is here to stay!