The world is going through an era of data explosion. Everyday, there are –
- 3.5 Billion Google searches globally
- 277,777 stories on Instagram
- 694,444 hours of videos on Netflix
- 4,500,000 videos on YouTube
- 4,800,000 gifs
- 1,400,000 swipes on Tinder
These shocking numbers are why we need data science to sort out the structured and unstructured data efficiently. Data Science is currently one of the top career options for people from a technology background. Given the pace at which the world moves towards digitized operations for all big and small tasks, this profession is here to stay. This is why not only fresh graduates but also IT professionals are opting for data scientist courses.
A study claims –
The Data Science industry, which has grown to $3.03 billion in size in the past few years, is expected to double by 2025.
Other reasons why data science has been topping the charts of professionals for the past few years include –
Be a Part of the Smart Workforce –
Data science has contributed towards creating better products explicitly tailored for customer experiences. Starting from relevant and customized recommendations for OTT platforms to self-driven cars, from recommendation systems used by e-commerce websites to humanoids, data science has redefined the conventional norm of creating products for the consumers.
Contribution to Decision-Making in the Company –
Organizations depend on data scientists to maximize their analytical capabilities. They facilitate better decision-making processes through measuring, tracking, and recording performance metrics and other relevant information.
High Demands –
3,00,000+ Data scientists would be required across different industries including banking, financial services, and insurance (BFSI) sector, media, and entertainment, healthcare, retail, telecommunications, automobile, among others by 2024, with an increase of 3400 positions every month.
Work With the Best –
Get an opportunity to work with top names of the business, like Google, Amazon, Deloitte, IBM, and Accenture, among others.
Excellent Remunerations –
The average data scientist salary in India is ₹812,954 as per PayScale. Skills in Machine Learning, Python, R, and Statistical Analysis contribute to an above-average payout.
1-4 years of experience – An average total compensation of ₹773,701
5-9 years of experience – An average total salary of ₹1,363,802
10-19 years of experience – An average total salary of ₹1,827,036
Booming Market –
More and more data scientists are anticipated by 2030 for data science jobs like research work, data engineering, data infrastructure, machine learning, full-stack data science, and many others.