Data Science Career Guide Overview
Table of Content
- Data Science Career Opportunities
- Data Scientist Salary Trends
- Data Scientist Job Roles
- Business Intelligence Analyst
- Data Mining Engineer
- Data Architect
- Data Scientist
- Senior Data Scientist
- Skills Required For Data Scientist
- Data Scientist Career Outlook
- Prerequisites for Data Scientist
- Data Scientists Are in Recurrent Demand
In a world where 2.5 quintillion bytes of data are created every day, the professional who can organise such enormous data and provide useful business techniques is the hero! Why data science is still relevant today or why data science analytics is the ideal career shift has been extensively discussed. Building on what has previously been said, let's consider the career possibilities in data science or the reasons "Data Scientist" is the loveliest job title for the twenty-first century.
The economy of today is shifting more towards analytics, where businesses have been collecting data for a while. According to LinkedIn, there is a sizable demand for professionals who can mine or analyse data. The data scientists are those people.
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Data Science Career Opportunities
As per Harvard Business Report, a data scientist "is a highly qualified specialist with the experience and enthusiasm to explore big data throughout the world." Therefore it came as no surprise that data scientists well into the big data analytics and IT sector are coveted specialists.
With experts forecasting the presence of 40 zettabytes for data by 2020 (Source), employment prospects for Data Science will only rocket through a roof! This shortage of qualified talent in a society that is increasingly moving to data in judgment-making has also contributed to the tremendous need for data scientists in both begin-ups and very well-established businesses. A report by McKinsey Global Institute reports by 2018, the US alone will experience a lack of approximately 190,000 highly analytically skilled professionals. With the Big Data revolution displaying no sign of slowing down, global companies are racing to recruit Data Scientists and manage their industry-critical big data.
Data Scientist Salary Trends
Data scientists are leading the way for America's most vital occupations, according to a Glassdoor poll. The analysis finds that even a Data Scientist makes an astounding average pay of $91,470 across the US, or about $6622, 162, and that there are more than 2300 job openings online.
Since May 2019, the average Data Scientist salaries on Indeed.com have been 80% higher in the US than the average salary for all job postings worldwide.
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Data Scientist Job Roles
A data scientist does a lot of hats for his / her place of work. So are Data Scientists responsible for business analysis; they are often active in the creation of data products or software platforms, together with the development of visualizations or algorithms for machine learning.
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Business Intelligence Analyst
By analysing the information to produce a clearer image of the business' location, researchers might utilise it to determine industry or company patterns.
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Data Mining Engineer
Data mining engineers not only analyse the data to their own company but often that for other parties. The data mining engineer can build advanced algorithms to help better interpret the data, in contrast to data analysis.
Researchers are constructing plans for centralising, deploying, preserving, and safeguarding data sources using data management frameworks in close collaboration with consumers, device managers, and producers.
Scientists start by turning a business case into such an analytics strategy, creating theories and analyzing data— and investigating trends to assess their impact on the company. They often find select algorithms to assist in further evaluation data. Not only do they utilize business analytics to clarify the effect the data would have on a company in the future, but they may also help develop strategies that will help companies go ahead.
Senior Data Scientist
The most senior data scientist can anticipate what a company could need in the future. In addition to gathering data, they are methodically analysing it in order to successfully address incredibly challenging business problems. By drawing on their expertise, we will not only create but also direct the creation of novel frameworks, provide chances for the incorporation of statistical data, and enhance tools for enhanced data evaluation.
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Skills Required For Data Scientist
If you have to wonder how to begin a data science profession, you will need technical skills such as research, machine learning, analytics, Hadoop, and so on. Still, when you excel in logical thinking, constructive communications, and become a great listener or problem solver, you will also succeed in this kind of role. Of example, you will also need data science preparation to access our free eBook Best Programming Languages for such a Data Scientist to find out more.
It is an area where there are plenty of openings, and once you've got the skills and training, the position is ready for you now and must come.
Coding skills clubbed to statistical knowledge and also the ability to reason, represent a good data scientist's arsenal.
- Software Languages: R / Python / Java
- Analytics and Advanced Math
- Hadoop or Spark Working Information
- Datasets: SQL or NoSQL
- Machine Learning or Neural Networks
- Deep Learning System Skill: TensorFlow, Keras, Pytorch
- Technical Thinking & Business Awareness
Data Scientist Career Outlook
With the proper credentials, you will have a promising career as a data analyst. People with these skills will continue to be in demand, which will result in rising salaries for individuals now employed in data science roles. The rates charged are likely to increase as the need for talented candidates to fill these positions increases, but even data scientists with lower skill levels will be able to make a comfortable life. According to Glassdoor, the median annual compensation for a data scientist is $108,224, although salaries can range from $79,000 to $145,000 depending on your experience and skill set.
Prerequisites for Data Scientist
The educational requirements of data science jobs are amongst the IT sector's steepest— about 40 percent of such vacancies allow you to obtain an advanced degree now. There are many types of courses available that you can use to learn data science online and one of the best resources among them is Simplilearn. These courses enable you to acquire in-depth knowledge with the most advanced skills or techniques used by data scientists, like Tableau, R, SAS, Python, Hadoop, and much more.
Finally, it's important to note that using data science can lead to promotions in your existing position. Even if you're not interested in becoming a full-time or freelance data analyst, data science unquestionably offers benefits that can aid you in your present work. It depends a lot on the task at hand and exactly what you are capable of, so if you are skilled in data processing, you would almost likely be eager to contribute in any manner. Additionally, they will assist you in achieving more in your current position if your knowledge of data processing would improve your productivity or the bottom line of the company.
Just imagine how much more you might do with an extra week each month! It's not that every illustration is that amazing, but data analysis may improve the effectiveness of practically any task.
When you are searching for data science resources into your current position, there will be two simple places to look:
- First, you can use data science methods to find places where you can save time and improve efficiency. Your group may already be doing successful data analysis with Excel. However, if you add your Python and R programming skills, can that method become faster and easier to duplicate?
- Second, search for current sources of data that are being overlooked or underused in your business. This kind of problem is widespread, particularly in companies that do not have a data science team. It is perhaps ignored because nobody has time to search into it via the outdated methods of data analysis they learn. It will be underused as not enough people understand how to do any analysis of the data. In any case, incorporating those real skills for data science will bring significant (and sometimes unexpected) benefit to your market.
- Third, try ways you will maximize your results. In the era of devices such as smartwatches that monitor personal data, it's possible to identify and evaluate your information in ways that can render you more efficient and productive.
Data Scientists Are in Recurrent Demand
Data science expertise is required in almost every area, including government security to the dating apps. Millions of companies and government agencies care about big data to thrive and represent their customers well.
The Bottom Line
Data science career prospects are expected to continue to improve for years to come. Professional data scientists may continue to be courted by both big and small businesses as data pervades our lives and businesses try to leverage the data generated. As an illustration, the Indeed.com Jobs Board reveals top organisations competing for the services of Data Scientists. Twitter, Facebook, Airbnb, Apple, LinkedIn, IBM, and PayPal are just a few of the outstanding names.
The moment has come to advance your knowledge in data science or big data analytics so you may benefit from any upcoming career chances in this field.
Data Science Placement Success Story
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