What comes to your mind when you think of Data Science? In trend, enhancement in technology, machine language with a well-paid job. How true! Data Scientists are in demand; you may be an engineer, entrepreneur, financial expert, you cannot escape from working on ‘data’.
According to McKinsey Report Highlights the Impending Data Scientist Shortage 23 July 2013 – Data Scientists are in demand. The study says “by 2018 the United States will experience a shortage of 190,000 skilled data scientists, and 1.5 million managers and analysts capable of reaping actionable insights from the big data deluge”.
Below are few benefits listed which are enjoyed by a Data Scientist:
A career to become a successful data scientist has become a goal among professionals. With the growing number of online and offline courses centered on big data, the range of options available is evidence that this disciple is in vogue and in demand across all sectors. Companies compete to hire resources preferably in the specific domain so that they can capitalize on the skill set.
It’s the highest paid profession. So why do Data Scientists be paid so much. According to Indeed.com, ‘the job postings nationwide for a data-scientist has increased and the salaries are 113% more than the average salaries for all job postings’. According to Burtch Works ‘a junior data scientist is paid $91,000 and a data scientist who manages a team of ten or more earns a salary of $250,000’
Organizations are often looking for professionals from this discipline to work with them in achieving their goals. Ten years ago, a data analyst worked on data using one or two different business applications, but today it’s on multiple platforms like Big Data using R, Hadoop, SQL, MapReduce etc., It’s a total package of adequate learning and understanding of the ‘ Life Cycle of Data Analysis’. In recent year’s roles, designations, analytics skills within organization have broadened, we have chief data scientist, chief data officers, chief analytics and chief medical data analysts.
Many companies are now aware that data-driven decision making is vital if they want to succeed. So the outlook for talents in this field of data science is blooming. Beyond industries like technology, advertisement, healthcare, marketing and financial services the quantitative hiring of data scientist in areas of retail; on-line gaming, government organization and colleges are increasing.
Data Scientists are in demand and this disciple is constantly growing and changing, making it a successful profession for you. With the right certification and the right passion, this can be your industry. Check here to take your career further.