Data Science Career Opportunities: Your Guide For Unlocking Top Data Scientist Jobs

Data Science is an interdisciplinary field that deals with the process of analyzing enormous quantities of Big Data in order to derive relevant information from them. To put it another way, Data Science is the study of data obtained from a combination of organized and unstructured data sources, and how these details may be converted into a useful resource that can fuel the Company's and IT's methods.

Data Science is critical for corporate growth because it allows firms to fully utilize the potential of Big Data and make strategic business decisions.

Data scientists work closely with corporate stakeholders to understand their goals and determine how data may help them accomplish them. To extract data from business needs, evaluate data, and exchange knowledge with counterparts, data modeling approaches are used to construct algorithms and predictive models.

The application of sophisticated analytics methodologies and scientific concepts to extract valuable knowledge from data for business decision-making, strategic planning, and other reasons is known as data science. For enterprises, it is becoming increasingly important: Understanding generated by Data Science aids firms in improving operational efficiency, identifying untapped business prospects, and improving marketing and sales agendas, among other benefits. They may eventually result in a competitive edge over commercial rivals.

In 2012, the Harvard Business Review named data science "the sexist career of the twenty-first century." Data science has made significant contributions to businesses ranging from banking to healthcare, as well as bringing about revolutionary changes in the globe.

There are several reasons for someone to seek a career as a data scientist, but the most compelling argument is the fast-rising job prospects in this profession throughout the world. According to LinkedIn estimates, the number of job vacancies for data scientists has surged by 650 percent since 2012. As previously stated, 11.5 million new employment would be produced by 2026.

Now, we'll look at career prospects in data science in both India and the United States. To know more about a career in Data Science, check our Data Science Course.

• Job Opportunities in India

You may be surprised to learn that there are over 93,000 employment openings in the field of data science in India as of August 2020. Despite the impact of Covid-19 on companies and the layoff of personnel, the post of data scientist remains in high demand. The number of available positions for data scientists declined from 109,000 in mid-2020 to 82,500 in mid-2020, although demand remains stable.

According to some projections, there will be 1.5 lakh new jobs for data scientists by the end of this year. Yes, you read that correctly! fresh opportunities This is a 62 percent increase over the previous year. Data science positions are in high demand in a variety of industries, including banking, finance, information technology, and e-commerce, to mention a few.

Currently, the available job ads are for data scientists with fewer than five years of expertise in the industry. Despite the fact that we are discussing vacancy data, we must accept that there is a skill shortage in India. Despite the fact that there is a significant increase in the number of data scientists every year, there are very few individuals with sufficient knowledge in the area.

Check out our Data Science lesson to learn the fundamentals of this field for free!

• Job Opportunities in the US

Data scientists are in high demand all over the world, which is why LinkedIn named them "the most promising career" and Glassdoor named them "the best job in America." According to the US Bureau of Labor Statistics, there will be a 28 percent rise in demand for data scientists with advanced abilities.

According to a McKinsey estimate, there would be a lack of more than 150,000 individuals with the necessary abilities to be data scientists. The increased demand for data scientists has resulted in an increase in their pay.