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5 Reasons to Become a Data Scientist

5 Reasons to Become a Data Scientist

The job of Data scientist has become a new trend across the world, as the Data-driven decision making is increasing in popularity. Each and every company no matter how small or big they are, looking for employees who can understand and analyze the data.

The data scientist has already been declared as the hottest job, data scientist brings in skill sets and knowledge from various backgrounds such as mathematics, statistics, Analytics, modeling, and business acumen. These skills help them to identify patterns which can help the organization to recognize new market opportunities.

So, here are the top six reasons to become a data scientist.

5 Reasons to Become a Data Scientist

1. Growing Demand

Data Scientist is the job which is creating a hype, by its demand all around the world. According to a report by McKinsey & Company, by 2018, the U.S. will have data scientists around 140,000 to 180,000 fewer data scientists than it needs. The demand for data science is increasing, while the supply is too low. India requires over 200,000 data scientists by 2018 compared to engineers and chartered accountants. So why to wait, become one of them and be in demand.

2. Unbeaten Salaries

According to the Glassdoor, in 2016 data science was the highest paid field to get into. According to their findings, the national average salary for a Data Scientist is INR 6,50,000 in India and the national average salary for a Data Scientist is $1,20,931 in the United States coming to Europe, national average salary for a Data Scientist is €52,000. These salaries are much higher compared to other jobs.

3. Data Scientists add Value to the Business

Data scientists are blooming in each and every field of the businesses from IT to health-care, from E-commerce to marketing and retail. Data being the most valuable asset to a company, Data Scientists plays a very important role they serve as a trusted adviser and strategic partner to their management. They analyze the data for valuable resource that can help refine their niche, identify the preferred target audience and manage future marketing and growth strategies.

4. Evolving Field

Data Science is evolving quickly because of the increasing demand of data around the world. Data scientists have a wide variety of skill sets that can leverage data and information to help organizations to make better strategic decisions. They get exciting opportunities to work and experiment with data to come up with the suitable solutions for the businesses. There are many new exciting fields are emerging within this field including Big Data, Artificial Intelligence (AI), Machine Learning (ML), along with some newer technologies like Blockchain, Edge Computing, Serverless Computing, Digital Twins, and others that employ various practices and techniques within the Data Science industry.

5. Easy to Grab a Job

Data Science is flourishing, it is being the most demanding job of 2018. Companies are desperately looking for Data Scientists. As Data Scientists are high in demand and the supply is low. E-commerce companies are not only the companies who are hiring the Data Scientists, today Data Scientists are being hired by the companies from almost every fields, in fact, many start-ups are relying on Data Science to go ahead.

Conclusion

Data science is the field which is not only helping businesses to recognize their markets and then making better decisions but it is also helping out businesses to get closer to their customers to bring them effective services. Data Scientists are the superheroes, who collect, cleanse and organize the data with their intense skills. Aspirants who want to take their careers as a Data Scientists will need lots of personal commitment to work hard and deliver results that matter.