Here are the Reasons why you should Place data science as your career option in the first Place.
Data scientists are well compensated. Yet why? It's easy! Because there is a huge need for data scientists and a dearth of them in comparison. On average, a data scientist's annual pay is between USD 800,000 and USD 1,000,000. The average annual salary for senior data scientists is close to USD 20,000,000.
According to a 2018 analysis, the pay increases for experts in the analytics field in India are approximately 50% more than those for other workers in the IT sector.
As more firms begin to understand the value of data, the demand for data scientists is ever-increasing.
In just a few years, it's anticipated that the size of the data science market will increase to at least one-third of the IT market. Every organization is searching for people who can comprehend, analyze, and explain data to make better decisions.
Since 2018, data science has become the most challenging career. While there is a shortage of data scientists, businesses are searching for them.
Due to the fact that the data science area is still relatively new, there are not enough data scientists to go around. According to an Industry report, approximately 40% of data scientists have less than 5 years of experience, and 69% have less than 10 years. If you also want to become a data scientist in MAANG firms, enroll in the IBM-recognized data science course in Bangalore along with placement.
The major advantage of data science is that it allows you to work in various fields, from sales and marketing to pharmaceuticals and healthcare to consulting, financial services, consumer packaged goods, and retail. There are many opportunities in every company since they rely on data.
Data science requires ongoing study because it synthesizes many disciplines, including statistics, computer programming, and mathematics. Furthermore, since this is not monotonous work, you won't have to do it repeatedly. Each new set of data will present a challenge for you.
To make wiser and better business decisions, companies rely on the knowledge of data scientists. Data Scientists now hold a significant and esteemed role within a corporation.
Due to the massive amount of data being generated, data science is developing rapidly. Data scientists are skilled professionals who can make use of data and information. Additionally, it aids businesses in developing better strategic decisions. Data science is home to many fascinating growing topics, including Artificial Intelligence (AI), Machine Learning (ML), and Big Data.
Businesses are always innovating and becoming more data-driven. More data is being generated as more individuals begin to utilize the internet. According to an estimate, a person on earth generates around 1.7MB of data every second.
Businesses also require data scientists to gather, examine, and interpret all of this data to make better decisions and provide better products. Data can improve product development and customize the client experience.
