We are generating a crazy amount of data every day and the world is turning to data for making decisions. This has led to huge demands for Data scientists role in startups and well-established companies.
The International Data Corporation(IDC) predicted the future of the world’s data.
“The global data sphere will grow from 33 zettabytes in 2018 to 175 by 2025. Nearly 30% of the world’s data will need real-time processing. Is your business ready?” – Seagate
The McKinsey Global Institute study report on Big Data said that “The United States alone faces a shortage of 140,000 to 190,000 people with analytical expertise and 1.5 million managers and analysts with the skills to understand and make decisions based on the analysis of Big Data.”
The vast amount of big data is of no use unless we tag and analyze. Global companies are rushing to hire Data scientists to make use of their Big Data.
To name a few, top companies that are competing with each other to hire Data Scientists include Facebook, Google, Spotify, Netflix, Apple, LinkedIn, IBM, Microsoft, etc.
It’s hard to clearly define the set of capabilities of a “Data Scientist” as different problems require a different set of skills. Some of the Job titles related to data science are –
- Data Scientist
- Data Architect
- Data Administrator
- Business Analyst
- Data Analyst
- Business Intelligence Manager
- Data/Analytics Manager
A Data Scientist has many skills under his belt. Not only are Data scientists responsible for business analytics process, but they are also involved in building machine learning models, data products and software platforms, along with and developing visualizations.
We are moving to an “analytics everywhere” world where all the business will deeply depend on data for making any decisions. This upward hill in Data Science career opportunities is only going to go up and expected to continue for a long time.
Big and small businesses are all going to seek support from Data Scientists in making business-driven decisions.
Indeed.com reports from the employers of the past two years calculates the average salary of a Data Scientist in India is 8,37,235 Rs and the average salary in the US is $121,212 per year.
This is the right time to up your skills in Data Science and Big Data Analytics to take advantage of the Data Science career opportunities coming your way.