Sunday, August 22, 2021

Data Scientist Career: Demand for Data Scientists Is Increasing Worldwide

The consumption of data has already increased manifold. So, Demand for Data scientists is increasing worldwide

Data Scientist Career
Data Scientist Career



So much data is being generated from mobile phones, social media, apps, payment wallets that the need for experts is being felt to manage it.

According to a study, the demand for data scientists is estimated to increase by about 28 percent worldwide. At the same time, India ranks second after the US in terms of making a maximum number of appointments in the field of data science or analytics.

After completing his MBA from a top management institute in Bangalore, people working in a multinational bank. Under this, they had to work with data on a large scale, only then an engineer friend told him about data science. Initially, they didn't see a lot. But after exploring it came to know that how much data science can make the work easier. That's why companies are able to easily understand the demand and choice of customers through data.

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Actually, information researchers study information. By analyzing the data, they help companies or institutions to plan for the future. Under this, first, they collect data. Then store them and later packaging the data. Finally, the data is delivered. For example, Data Scientists know how to visualize data better. Apart from all this, they also help in locating lost data, rectifying errors and other vulnerabilities.

Essential skills with studies

To become a Data Scientist, a candidate must have MTech or MS degree in Maths, Statistics, Computer Science, Engineering, Applied Science. According to people, doing PGDM (Research and Business Analytics) course in Data Science from Madras School of Economics, under Data Science we have to learn Maths, Algorithm Technique, Statistics, Hive, SQL, R, have to learn. It requires a ton of difficult work 

According to Shivya Bansal, working as a data scientist in a start-up company, a data scientist should have a good business understanding and strong communication skills. Apart from this, it is good to gather complete information about any program or course before selecting it. She herself is pursuing an online course from Learnbay, that is industry-arranged. This helps in doing practical work.

Course

Courses related to this are conducted in many top institutes in the country. For example, the Post Graduate Diploma in Business Analytics (Data Science) program jointly run by IIM Calcutta, ISI Calcutta, and IIT Kharagpur is very popular.

Apart from this, courses can also be done from IIT Bangalore. If you want to learn online, you can explore the platforms of Simplilearn, Jigsaw Academy, Edureka, LearnBay, etc. According to experts, a background in maths is beneficial for making a career in data science.

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The possibilities

About 11 million new jobs are expected to emerge in this sector by 2026. Talking about India, in 2018, the demand for data scientists saw an increase of 417 percent, which is likely to remain in the coming times as well. Apart from Data scientists, young people who want to make a career in this field can work on the profiles of Data engineers, Data Administrator, Statisticians, Data and Analytics Manager, etc. They will be in good demand in sectors like agriculture, healthcare, aviation, cyber security.

Hiring will increase even after Covid 19

Data scientists play a key role in building business analytics, data products, and software platforms. Today 2.5 quintillion bytes of data are being created in the world every day, which will require skilled professionals to manage it. There will be immense opportunities for them. They will have special demand especially in Big Data Analytics and the IT industry.

As per the global study, there will be a need for millions of data science professionals in the US alone after Covid 19. Global companies will hire a large number of data scientists to handle their business. The situation will be similar in India also. For this, youth can enroll in post-graduate courses offered in different universities of the country or can also do online courses from Coursera, Metis, MIT (EDX), Harvard, or Udemy.

But it would be better to do a full course. If they can work with machine learning in deep learning frameworks like neural networks, TensorFlow, Keras, PyTorch, have working knowledge of Hadoop and spark, then there can be golden opportunities to grow in the industry. It is also necessary for a data scientist to have critical thinking. 

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CONCLUSION:

According to Akash Gupta, who is doing a PGDM (Research and Business Analytics) course in Data Science from Madras School of Economics, under Data Science we have to learn Maths, Algorithm Technique, Statistics, Hive, SQL, R, have to learn. According to Shivya Bansal, working as a data scientist in a start-up company, a data scientist should have a good business understanding and strong communication skills. Apart from Data scientists, young people who want to make a career in this field can work on the profiles of Data engineers, Data Administrator, Statisticians, Data and Analytics Manager, etc.


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