Author DP

Nikunj Verma

1+ of articles published

Creative Mind / Wise Guide / Artistic Soul

Domain:

upGrad

Current role in the industry:

Co-founder & CEO at Cutshort

Educational Qualification:

Master of Business Administration (MBA) in Marketing and Business Strategy from XLRI Jamshedpur

Expertise:

Product Management

Business Strategy

Product Strategy

Start-ups

Leadership

Product Development

Competitive Analysis

Management

Tools & Technologies:

Cloud Computing

About

Nikunj Verma is Co-founder and CEO at CutShort.io - a refreshing recruitment platform that uses AI and personalization to simplify recruiting and job search. He's a passionate leader and entrepreneur. Product, marketing, strategy, leadership excites him.

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Why Data Science Jobs are in High Demand?
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Why Data Science Jobs are in High Demand?

The hype around data science has left everyone asking the question that why data science jobs are in high demand these days? Let’s see. 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. 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 phone. What Is Data Science? Who is a Data Scientist? What is Analytics? What happens to the data? It comes back to you with a personalized user 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. Not convinced? Explore our Popular Data Science Courses Executive Post Graduate Programme in Data Science from IIITB Professional Certificate Program in Data Science for Business Decision Making Master of Science in Data Science from University of Arizona Advanced Certificate Programme in Data Science from IIITB Professional Certificate Program in Data Science and Business Analytics from University of Maryland Data Science Courses Top Essential Data Science Skills to Learn SL. No Top Data Science Skills to Learn 1 Data Analysis Certifications Inferential Statistics Certifications 2 Hypothesis Testing Certifications Logistic Regression Certifications 3 Linear Regression Certifications Linear Algebra for Analysis Certifications The exponential rise of Data Science jobs India just trails the US in terms of the demand for skilled data scientists. According to the reports from Analytics India Magazine on data science job studies, over 50,000 opportunities in data science will crop up in India alone. The studies further reveal that over 50% of the current IT talent pool should upskill to data science and other niche responsibilities as their skills are becoming obsolete. How do I Find Mentors for Data Science? So, why are data science jobs are in high demand? 1. Data is exploding around us Come to think of it — just a decade back, many of the products 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 6 billion connected devices around the world generating millions of terabytes of data every single day. All this terabytes and petabytes of 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. Our learners also read: Learn Python Online for Free 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. These are just the tip of the iceberg and data is being put to diverse uses in ways we cannot imagine. upGrad’s Exclusive Data Science Webinar for you – Watch our Webinar on How to Build Digital & Data Mindset? document.createElement('video'); https://cdn.upgrad.com/blog/webinar-on-building-digital-and-data-mindset.mp4   4. Impressive payscale and growth opportunities Data science 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 6 lacs per annum as data scientists and experienced pros can take home up to 20 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. Read our popular Data Science Articles Data Science Career Path: A Comprehensive Career Guide Data Science Career Growth: The Future of Work is here Why is Data Science Important? 8 Ways Data Science Brings Value to the Business Relevance of Data Science for Managers The Ultimate Data Science Cheat Sheet Every Data Scientists Should Have Top 6 Reasons Why You Should Become a Data Scientist A Day in the Life of Data Scientist: What do they do? Myth Busted: Data Science doesn’t need Coding Business Intelligence vs Data Science: What are the differences? Want to get a job in Data Science? This 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. Get data science certification from the World’s top Universities. Learn Executive PG Programs, Advanced Certificate Programs, or Masters Programs to fast-track your career. Data Science Summarized In One Picture Are you in data science? What do you think – the demand for data science jobs will continue to rise or will reduce in the long run? This article was originally published on The CutShort Blog.

by Nikunj Verma

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20 Jan 2021

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