Data Science, or the branch of science that deals with the discovery, analysis, modeling, and creation of useful information from data, has become a buzzword in many industries. Organizations are becoming increasingly aware that they are sitting on data gold mines. The urgency with which this data must be analyzed and ROI generated is clear. To learn more about data science future scope, join Data Science Course in Chennai. We look at the most important reasons why Data Science Jobs are in high demand:
Reasons for the demand for data scientists:
- Data management is becoming a problem for businesses.
Companies generate a massive amount of data every day. This implies that every organization is suddenly sitting on a mountain of data and has no idea what to do with it. To organize this massive amount of data and derive valuable insights from it, they’ll need Data Science specialists.
- A scarcity of qualified personnel
“There are two types of talent deficits: Data Scientists who can execute analytics and Analytics Consultants who can interpret and apply data.
The availability of these job titles, particularly Data Scientists, is quite limited, while demand is high.” According to LinkedIn, there is a lack of more than 150,000 people with data science capabilities in the United States.
Because there are so many ambitious data scientists entering the job market, this supply-demand mismatch will undoubtedly narrow.
- Multi-factors are difficult to get by.
Professionals in the field of data science are often expected to know at least one computer language, the most common of which being Python and R.
Data scientists are also expected to have knowledge of tools such as Hadoop, Spark, and NoSQL, as well as statistical modeling, machine learning, and programming skills.
Along with statistical and machine learning models, there is a growing demand for SQL, Apache Spark, and relational and NoSQL database expertise. In the field, it’s frequently difficult to discover all of these qualities in a single person.
- Barriers to entry for other professionals
Many data scientists have degrees in math/statistics, computer science, engineering, and natural science, while others have degrees in business, economics, and social science.
- The pay is excellent.
Because of the rising demand for Data Scientists and other data science positions, pay have been increased. This position is currently one of the highest-paying in the industry. According to Glassdoor, the average income for a data scientist/analyst in the United States is over $62,000.
In India, remuneration is heavily influenced by experience. Those with the appropriate skillset can earn up to 19 lacs per year. A starting Data Scientist, IT earns an average of Rs 619,182 per year.
So, in 2021, is data science a good career? The answer is an unequivocal YES! Demand for Data Scientists is on the rise all around the world, and the lack of competition for these positions makes data science an extremely lucrative career choice. So join Data Science Course in Coimbatore for the best career options.