Data Science is emerging as one of the most rewarding and lucrative career options in the global market today. Be it the banks, manufacturing firms, pharmaceuticals or any other industry, data science is an integral part of their business model. And when we say data science, we’re referring to the fact that your job scope will be multiple times more than your traditional analytics role.
A good understanding of what a data scientist is and why this role can prove beneficial to any organisation. Data Scientists are becoming more and more prevalent in organisations driven by big data due to their proven abilities to integrate technologies and produce innovative approaches to the interpretation of big data. Their expertise lies in gathering, analysing, storing and working with data in the most efficient manner. Since the volume, variety, velocity and veracity of data points within an organisation grows exponentially, the ability for a company’s decision makers to base strategic direction off of reliable facts is imperative.
Demand in Data Science:
Data science is a booming career option and one of the most in-demand technologies across the globe. Data scientists’ role has been increased by leaps & bounds and the rise shows no sign of stopping in near future. The demand for data science skills will increase by another 25-30% percent by 2026.
Data science is a term that has been adopted by the business world lately, but it has been widely used in tech companies and research labs for years now. The role of a data scientist is to turn the data into something actionable, hence the name. It is a process which requires expertise in statistics, machine learning, artificial intelligence and programming.
Future Scope in Data science:
Data science is changing rapidly due to the rising demand for vast and untapped potential data worldwide. Data scientists have a range of expertise sets that companies can rely on to make smart choices about data and knowledge. Thus, to develop a streamlined and dedicated approach you need qualified and brilliant data scientists. The area is producing many new innovations like Big Data, Artificial Intelligence (A.I.), and Serverless Computing, along with other disciplines like Blockchain, Edge Computing, and Digital Twins.
Merits of Data science as Career:
- As the time is changing rapidly, there is a growing demand for data science professionals. In the present scenario, there are several doors open to individuals who are looking for new career avenues. An individual can work in various sectors and companies, where he/she can apply the concept of data science and big data analytics. Experts predict there will be 11-12 million positions to be filled by 2026, so it’s termed as the fastest-growing career path.
- Data Science is one of the best-paying careers options and candidates with sound knowledge can earn salaries in six figures. Thus, it makes Data Science an attractive and hot job field for aspirants. All you need is the right guidance and mentorship to avail the best jobs in the industry. In this regard, aspirants should join hands with the right institution that offers high-quality course content and expert mentorship to get a good start in their career.
- Data science is a marvellous career option where you can work on a lot of different domains. Job versatility in data science is so high that it’s difficult to find the right words to describe it. You can work on a variety of projects in this field, including building websites, creating mobile apps, building tools, creating machine learning models and so much more. You will have an opportunity to master various skills in this field that will help you in other areas.
In Conclusion, is data science a good career option? Yes it is. But, since this field of knowledge is not limited to one domain, it requires students to choose their area of specialisation and exploit the nuances and intricacies of the discipline to conjure up brilliant solutions, thus augmenting their tool belt. Specific programs enable students to get hands-on experience in data science, thus allowing them to hone their soft skills as well. This blog will help you make an informed decision regarding studies and careers in data science.