At this time data science has left everyone asking the question that why data science jobs are in high demand these days?
According to The Cutshort Blog, A single flight of Boeing 787 aircraft generates up to 500GB of data. Currently, there are over 6 billion connected devices around the world generating millions of terabytes of data every single day. In India, we have close to 500 million internet subscribers simultaneously generating massive chunks of data.
for example, From simple Google searches and Facebook posts to your e-commerce activities and map searches, you are contributing to data generation every time you access your Smartphone.
What happens to the data:-
It comes to our personal experience. Moreover, with emerging technologies like Machine Learning, IoT, Artificial Intelligence, and more, data is the new currency every company and market player is fighting to have a major share of. Skilled data scientists are needed more than ever globally and this is the time the world is seeing a shift from redundant skill sets to more specialized skills.
The exponential rise of Data Science jobs
India just trails the USA in terms of the demand for skilled data Engineers. According to the reports from Analytics India Magazine on data science job studies, over 55,000 opportunities in data science will crop up in India alone. The studies further reveal that over 55% of the current IT talent pool should upskill to data science and other niche responsibilities as their skills are becoming obsolete.
1. Data is exploding around us:-
Come to think of data — just a Years back, many of the products/Companies or services we use today didn’t exist online or kept their data on non-digital media. As the business world has moved online, the data getting generated has exploded. As I mentioned earlier, there are over 8 billion connected devices around the world generating millions of terabytes of data every single day. All these data are available, waiting to be tapped.
2. Technology has evolved to make data science affordable:-
As technology made way for faster and cheaper processing power, processors and as the Internet made its way to the masses, data generation became an everyday affair. Today, we are in a tech phase where companies are reinvesting on data scientists to uncover crucial insights rather than on redundant skill sets, resulting in an invariable requirement of data experts.
3. The increasing number of applications of Data Science:-
There is no single industry today that doesn’t generate data or doesn’t rely on it. Healthcare is making use of data to provide better healthcare services and treatment agendas, agriculture is making use of data to come up with better crop yields, germinate seeds, and even control water cycles. Industries are using data to precisely predict the malfunctioning of equipment and machinery, the automobile industry is using data to provide better-connected car facilities and more.
4. Impressive payscale and growth opportunities:-
Data science Engineer jobs are among the highest paying jobs today. Due to less talent available, companies are willing to pay up to 30%–50% more than for other more conventional technical roles. The Salary Study mentioned above also reveals that data science jobs salary for freshers is up to 5-8 lacs per annum as data scientists and the experienced pros can take home up to 20-25 lacs per annum.
A Data Science job enjoys an additional perk. Being a niche responsibility that cannot be replaced immediately, expert data scientists enjoy better working conditions such as flexible hours and bigger pay increments.
Want to get a job in Data Science?
his is a great time. The demand is growing fast while conventional skills are getting obsolete fast.
Thanks to more companies waking up to this technology, data science jobs in India are weighing out other IT jobs. With cities like Mumbai, Chennai, and Bengaluru leading the data science jobs scene in India, it is an ideal time to switch to a data science career.