The U.S. Bureau of Labor Statistics predicts strong growth in the data science field and predicts the number of jobs will increase by about 28% through 2026. Which means more than 35 million jobs.
The reason for this demand is attributed to digitalization across the globe and data can serve many different purposes. Data scientists' skills are well-rounded, and because data is ubiquitous throughout the business and political institutions, these professionals have become must-have staff members in many industries.
These stats clearly predict that skilled data scientists are in huge demand but getting hired by the best organization is a challenge and if you love playing with data, see yourself excelling in this industry then cracking a job interview will be the first obstacle, join Brainmeasures data science interview preparation video course and get hired by giants like Amazon, Tesla, Google, and Facebook.
What is Data Science?
Data Science is a multidisciplinary blend of data inference and algorithm development to understand and solve analytically complex problems and to conduct a detailed study of the flow of information from high volumes of an organization’s data repository. Moreover, Data Science enables enterprises to generate meaningful insights from raw and unstructured data that is processed through analytical, programming, and business expertise.
Data Science brings together diverse skill-sets, including mathematics, statistics, and industry knowledge, a certified Data Scientists can efficiently assist businesses to make informed strategies on critical business matters, including reducing costs, tapping new markets and demography, and introducing new products or services, among others. To be a successful Data Scientist, you need to understand business problems, collect and format the relevant data, design relevant analyses, apply algorithms using the appropriate tools.
It is a multidisciplinary field that uses tools and techniques to manipulate the data so that you can find something new and meaningful.
Data science uses the most powerful hardware, programming systems, and most efficient algorithms to solve data-related problems. It is the future of artificial intelligence.
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Job role and responsibilities of Data Scientists
The job of the data scientists is to work closely with business stakeholders so that organizational goals can be understood and using this information they can retrieve and collect data to achieve these goals.
The design data modeling processes, create algorithms and predictive models to extract the data the business needs and help analyze the data and share insights with concerned process owners.
Data Scientists, Data Analysts, data engineers, business intelligence specialists, data architects are some of the job roles of Data Scientists.
Companies that hire data scientists
We are living in an era where data collection has transformed from a simple task to the core of a company’s decision-making, companies from across the globe gather and analyze their customers to provide better service and improve their bottom line.
This shift in paradigm has put data scientists in limelight, they are big data wranglers who collect and analyze large sets of data.
Pinterest, Snap Inc, Microsoft, Accenture, Oracle, Slack, Lyft, Intel, Uber, Crayon data are few big names that hire data scientists.
Salary
The average data scientist's salary is $100,560, according to the U.S. Bureau of Labor Statistics. Monetary aspects of data science professionals are pretty good.
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