Why Is Data Science the NextGen Career Field?
Are you someone who is planning to become a data scientist? If you want to pursue a career in the data science field, congratulations! You have made an ideal decision. To know-how, stay tuned to this article. This blog highlights the rising scope of data science. We will also discuss several jobs related to data science. Let’s begin.
Why is Data Science not going anywhere?
Data science is at a surge and regarded as a succeeding field for the future. Data science is an extensive & comprehensive field dedicated to solving the problems of a lot of businesses. Data science is going to stay long because it’s related to data mining, machine learning, and big data.
Data science uses scientific techniques, processes, algorithms, and systems to draw out insights from both structured and unstructured data. The knowledgeable and actionable insights are then applied across an extensive range of application domains.
What is the rising scope of Data Science?
Traditionally, the datasets were mostly structured, henceforth, data and analytics weren’t a big task. The data generated today from different sources — social media, online transactions, multimedia files, online portals, etc. is mostly semi-structured or unstructured.
With about 80–85% of raw & unstructured data, the demand for data scientists has increased. You must be smart enough to perceive the extending scope of data science.
As per reports, data will only proceed to grow and change to the massive pile of data. The uncontrolled raw data can’t be handled by traditional BI tools. These tools are not capable of analyzing such a vast volume of unstructured datasets. They command more advanced and intelligent analytical tools.
Here, Data Science has helped a lot. Algorithms backed by data science can easily store, process, and analyze big and raw datasets.
Currently, many giant organizations favor Big Data, AI, and ML. This; indirectly increases the demand for skilled Data Science professionals. The future of Data Science is bright. It is and will bring about changes to human lives for a better lifestyle.
Here are some of the exciting & unique Data Science trends that may be a reality in the future:
- Intelligent Digital Mesh will soon be a reality. At present, we are witnessing the IoT technology that connects smart devices. An Intelligent Digital Mesh is a connected network of apps & devices functioning in sync.
- Advanced chatbots, Virtual Reality & Augmented are backed by data science. These might revolutionize the reality of product marketing and customer service in the future. Who knows we will be connecting live for demos & visualizations for enhanced customer experience.
- Blockchain, which is now something extraordinary; might become conventional. Be ready to witness BTC within finance, healthcare, insurance, and other giant industries.
What is the role of the Data Scientists?
Now that you know how data science is going to be in the future; you must consider pursuing data science certification. You can opt for online certification programs such as — Professional Certificate in Data Science from Harvard University, IBM Data Science Professional Certificate, MicroMasters Program in Statistics and Data Science from MIT, etc.
Let’s have a quick overview of the role of the data scientists:
- Raising cogent questions to identify the problems prevailing within the organization.
- Discovering the best analytical tools — data visualization software or machine learning algorithms for certain job roles.
- Pin-pointing ideal data sources that can carry out the desired analyses.
- Variables identification is also one of the major job roles of a data scientist.
- Data scientist is held responsible to obtain large sets of structured, semi-structured, and unstructured data from different sources.
What are the Jobs related to Data Science?
Here is a complete list of the top 5 highest-paying job roles related to data science. Go forward to choose the best one as per your qualifications.
Data Analyst
As a Data Analyst, you will have to transform and manipulate large data sets. Make sure you acquire adequate knowledge of A/B testing and tracking web analytics. A data analyst earns an average salary worth INR 4,19,465 per annum.
Data Scientist
Data Scientist is all about being able to execute technical data analysis. As a data scientist, you will have to perform data modeling and organizing. This helps companies to execute strategic actions. Make sure to acquire adequate knowledge in analyzing large datasets and uncover useful data patterns. The average data scientist’s salary is worth INR 6,98,413 per annum.
Machine Learning Scientist
Another cool and high-paying job role in the data science field is ML scientist. As a machine learning scientist, you have to research new approaches — algorithms, observable, and unanswerable learning techniques. Become a Machine learning developer and earn an annual salary worth INR 2,429,885.
Data Architect
A data architect is considered one of the highest-paying data science jobs globally. As a data architect, you will have to create new database systems, and enhance the interconnected data ecosystem for organizations. The average annual salary of a data architect is INR 1,946,737.
