Data science is an interdisciplinary field that uses scientific methods to process data for research purposes and derives insights and meanings. Interpreting raw data to improve performance further has become highly crucial, especially across all industries due to the rise in competition.
Is There Any Value to Data Science In 2021?
Data science is one of the most valuable disciplines in 2021, especially with the instability in the market that the global pandemic brought about. The operation of any business or organization produces enormous quantities of raw data that is vital to determine the market trends and stay on top of the competition.
For example, suppose a data scientist analyses a grocery store’s yearly sales data and sees that the demand for a particular product has gone down significantly. They can therefore interpret that the trend of buying it has slowed down. Henceforth, the store would probably order two crates of that product instead of ten.
Similarly, if an expert analyses data on a business assignment help service’s rate of getting customers, the most popular services, the amount of time spent on each page, etc., it would help the people at the helm of the organization address the shortcomings and plan their next steps more effectively.
Thus, using data interpretation to develop business strategies is continuously on the rise, increasing the demand for data scientists.
7 Reasons Why a Career in Data Science Is a Golden Opportunity
The power that data science holds over the industry is nothing to scoff at. As more and more people understand the importance and advantage that data interpretation can provide them, the demand for data scientists keeps rising. According to a top job searching portal, Indeed, data shows that there has been a 29% increase in the number of job opportunities for data scientists.
On that note, let’s go through 7 crucial reasons why a career in data science might be the next big thing.
1. There will never be a shortage of demand
As more companies begin to rely on data-driven statistics to improve the way they operate, analysts predict that the data science sector will continue to see a surge in interest for the upcoming years. For example, in India, the industry has witnessed a massive hike of 650% in demand from 2012. Therefore, keeping yourself up-to-date on the recent developments in data science ensures that you won’t have to hunt for jobs in the future.
2. Companies need experts to interpret data
The amount of data that data scientists have to interpret is massive, making it impossible for any unskilled person to take over your work. It is not something that you can teach someone in a year. Over the years, the data that can provide lots of insight into the workings of the company keeps piling up without anyone to interpret them. Hence, they’re always on the lookout for experts who can help them improve their performance by analyzing the data into easily interpretable information.
3. Lack of professionals in the field
Data science is a relatively newer field, and therefore, many people are not aware of or do not trust that it can lead them to a fulfilling career. Hence, the percentage of students who take up data science is much less than those who study engineering or medicine.
As a result, there is always a critical need for data scientists, especially in countries with technology but no skilled users. Thus, you can improve your skills through online courses and land yourself a great job without hassle.
4. All businesses need data to fuel their next move
All major companies in the world plan and strategize their next moves depending on the data they obtain through various sources. This information comes in such velocity and volume that is it impossible for them to make sense of independently. Hence, if you wish to make a career in a big company, becoming a data scientist would be the easiest way to secure the job.
5. Data science is “in demand” and provides good salaries
As there is a high demand for data scientists, coupled with the lack of experts in the field, you can manage to land yourself an attractive salary if you can improve your skills significantly. Major companies are always on the lookout for scientists. Additionally, the lack of excellent and experienced experts further encourages them to provide you with every benefit possible to ensure you join their company.
6. Provides plenty of opportunities in terms of career
One of the most significant advantages of a career in data science is that its interdisciplinary nature ensures you can always find a job across various industries, such as medicine, marketing, social media, insurance, etc. You can always explore multiple roles, such as:
- Data journalist
- Data mining specialist
- Business intelligence specialist
- Data analytics engineer
- CMR analyst
- SAS programmer
- Data modeler
You can explore various options and settle on one that suits you the most.
7. The entry barrier isn’t too high
Data science being a very new discipline, the threshold for landing a job is not too high. If you come from a mathematical or computer science background, this career option would be perfect. However, those majoring in finance, business, or non-technical subjects can kick start their career in data science by going through some introductory courses.
Summing it up,
Data science is an excellent career option for someone who loves to explore the unknown. Despite being a relatively newer discipline, its demand in the market knows no bounds. With the growing competition, every company seeks to have their own team of data scientists to stay ahead of the game.
Therefore, landing a job as a data scientist isn’t just about securing a job- it is something that can build your entire career as experts predict higher surges in demand in the upcoming years.