Why Data Science Is Such A Hot Career Right Now?

Is a career in data science something that piques your interest? Jobs in data science are in demand across the globe. Data is increasingly becoming the currency of modern business, and data jobs are among the most high-profile and high-paying roles in tech. The industry is experiencing rapid growth, and the need for proficient experts has never been greater. With their capacity to analyze and decipher intricate data collections, data scientists play a pivotal role in assisting organizations in making more informed decisions and fostering expansion.

The constantly rising demand for well-trained data scientists has made prestigious institutions in India introduce data science courses. A Data science course in IIT is gaining momentum among aspiring data scientists as an opportunity to acquire data science knowledge and skills while at the same time earning an industry-recognized certification that can help their resume stand out.

In India, Data Science stands as one of the swiftly burgeoning domains. Job prospects in Data Science are rising as organizations actively aim to leverage data’s potential for informed decision-making. Step into big data and machine learning by enrolling in a well-designed Data science course in IIT.

Various reasons make data science a hot career in the contemporary business landscape. Keep reading this article as we discuss the reasons behind its popularity along with the steps that can be taken to build a career in the fast-growing data industry.

Rapidly Increasing Demand for Data Scientists

According to the US Bureau of Labour Statistics, data scientist positions are expected to grow 36 percent from 2021 to 2031. Additionally, operations research analyst (also known as data analyst) roles are projected to increase by 23 percent, signifying another high-demand career field.

Catering to the strong demand and the specialized skill set required, data science jobs often come with attractive compensation packages. Data science has become integral to virtually every industry, spanning healthcare, retail, and technology, offering a wealth of opportunities for individuals to discover their unique niche.

Acute Shortage of Skilled Workforce

There is a significant shortage of skilled professionals in data science. According to a report by the McKinsey Global Institute, the United States is expected to confront a deficit of 190,000 proficient data scientists and 1.5 million managers and analysts capable of enhancing decision-making through big data. India shares a similar predicament, where the necessary technologies and tools are available, yet a skilled workforce is scarce.

Both domestic and international industry leaders have acknowledged the deficiency of skilled professionals in the data science sector.

How should you prepare for a career in data science?

With the multitude of captivating opportunities in data science, you might be wondering where to embark on this journey. Whether starting your career or transitioning from another field, here are the steps you can follow to pave the way for your future in big data or machine learning.

A degree or certificate can be a great entry point for any data science role. A bachelor’s degree in data science, business, economics, statistics, math, IT, or related fields can give you a competitive edge. These programs teach data analysis and problem-solving with numbers, systems, and tools.

Apart from pursuing a bachelor’s degree, the field offers certification, online courses, and postgraduate-level Advanced Certification Courses in Applied Data Science and Machine Learning. The data science and machine learning course provides a comprehensive program to equip learners with sought-after skills and expertise.

Job roles in Data Science

Pursuing a certification or online course in data science can act as a career accelerator by helping aspiring professionals land their dream jobs. Various data science jobs are available, all crucial in shaping integral business decisions. Here are some of the popular job roles in the field of data science:

  • Business Intelligence (BI) Developer
  • Business Analyst
  • Database Administrator
  • Data Scientist
  • Data Architect
  • Data Analyst
  • Machine Learning Engineer
  • Business Intelligence Analyst
  • Statistician
  • Big Data Engineer
  • Natural Language Processing (NLP) Engineer

Salary in Data Science

According to Glassdoor, the average annual salary of a Data science professional in India is approximately INR 12,59,000. However, the starting salary in data science can vary widely depending on factors such as location, skills, level of education, and the specific company or organization. A data scientist’s average annual salary in the United States is $125,254.

Job responsibilities of a Data Science Professional

Here are the job responsibilities of a Data Science Professional:

  • Pre-processing structured and unstructured data
  • Enhancing data collection methods for analytical systems
  • Extracting valuable data from diverse sources
  • Analyzing extensive datasets to identify patterns and solutions
  • Creating prediction systems and machine learning algorithms
  • Communicating findings effectively
  • Leveraging machine learning for feature selection and optimization
  • Validating data integrity through cleansing
  • Suggesting solutions for business challenges
  • Collaborating with both business and IT teams
  • Top skills required to build a career in data science

Some of the most important technical data scientist skills are:

  • Deep Learning
  • Mathematics
  •  Programming
  • Statistical analysis and computing
  • Machine Learning
  • Statistics
  • Processing large data sets
  • Data Visualization
  • Data Wrangling
  • Big Data
  •  Adept at Working with Unstructured Data
  • Knowledge of SAS and Other Analytical Tools
  • ML with AI and DL with NLP

Over to you

With data being generated across all industries, the demand for data scientists is rising. From healthcare to manufacturing, banking to IT, and EdTech to defense, various sectors actively recruit skilled professionals who have completed data science courses to enhance their operations.

Even traditional fields like agriculture and non-tech industries leverage data for improved efficiency, making data scientists valuable in diverse domains. Regardless of your current background or industry, data science and analytics offer opportunities for everyone.

Pursuing a career in data science offers a fulfilling path, particularly in finance, retail, and e-commerce sectors. Opportunities also abound in government departments, universities, research institutes, telecommunications, transportation, etc.  Acquire the most up-to-date data science skills through certification from a renowned Indian institution!

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