The field of data science really boomed a few years ago and since then, no one has stopped talking about it. Those interested in the IT industry are routinely seen eyeing this conclusively lucrative field of data science – a career that involves using different tools and analytical methods to gather and interpret data, typically to help companies gain more insight and make predictions.
This field has gradually transformed into a buzzword in the recent times with almost everyone paying rapt attention to the new and exciting developments that are taking place here. In its very initial stages when this was just an idea, this field was just dismissed like a fad that will soon subside in the industry. But consecutive years following its major development have ensured that it almost every industry out there has begun to embrace the field of big data and employing data analytical technologies in their domain.
Unlike a lot of other career options, data scientists are in very high demand. In fact, according to Business.com, 40% of companies are struggling to find and retain data analytics talent, and the picture is starting to look even more bleak. What’s more, IBM predicts that the demand will only continue to grow. They suspect that by 2020, the number of jobs for all US data professionals will increase by 364,000 openings to 2,720,000.
Not only are there a ton of jobs available in the ever-growing field of data science and big data, but there is also a lot of money to be made. According to Glassdoor, the national average data scientist salary is $128,549. In fact, Indeed.com shows that data scientist salaries are 113% higher than the average salaries for all other job postings.
Bonus? You can enter the profession without getting an additional degree.
Various career opportunities that this field boasts include jobs at ecommerce companies and industries that deal with manufacturing, health, education, as well as strategic issues like defence and security. It is just now that most of the companies have actually begun to realize the great importance of this field and are more than ready to incorporate it in their daily functioning. One of the main reasons for this development is basically because of how the operations of a certain firm are efficiently developed mainly because of this magical tool.
Many experts and esteemed institutes have hailed this field as the sexiest career option of the 21st century, mainly because of how inclusive and rapidly developing it is. According to reports, it is believed that in the course of almost half a decade, many countries like India and America will be facing a huge shortage of data scientists of big data professionals. In India, the experts and data gurus say that today’s field of data science is almost at a stage where the IT industry was about 10-15 years ago.
India is beginning to show the potential of becoming a leader in the data science industry, which is why there are a number of data aspirants who are taking up formal training at institutions like Imarticus Learning. For US residents, there are a ton of options for online training courses as well as speciality schools and university programs, all of which are a great options to jumpstart your career and land your dream jobs.
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Jasmini has over 7 years of experience in SEO. Currently working at Imarticus Learning. It is a professional education institute offering certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management.