DATA SCIENCE JOB OPPORTUNITIES CONTINUE TO SURGE IN 2020
Data science has been a game-changer across every industry. With high-level digitization of processes, the generation of data is at peak and thus data science technology and tools are deployed to drive more productivity across organizations. This tech-field as a whole has a bunch of perks to provide including technologies for Big Data, Data Mining, Machine Learning, Data Analysis, and Data Analytics.
As problem-solving lies at the core of service providers and businesses, data science has the ability to analyze heaps of data to resolve problems more quickly and efficiently than was previously possible with a purely engineered solution. Moreover, driven by the emergence of proficient ML algorithms and a shift from descriptive to predictive analytics, predictive maintenance has been steadily gaining ground in the industry and shows no sign of slowing down.
The world is seeing a surge in demand for services in various fields with market researches estimating its potential growth in the near future. With increasing demand, the path gets open for new talents and job seekers to try their skills and hard work in this genre. The plethora of data-technologies is creating a number of job opportunities for budding data professionals to grab shortly. Moreover, in India, the data science jobs are expected to see 1.5 lakh new openings in 2020, which is an increase of about 62% as compared to 2019, according to a report by Great Learning. Currently, 70% of job postings in this sector are for Data Scientists with less than five years of work experience.
In 2019, as per a study, around 97,000 positions related to analytics and data were vacant due to the dearth of qualified talent. However, there has been an increase in the number of professional up-skilling in data science, but the no. of jobs created has outpaced the professionals count.
It is also expected that the perks of data science jobs may invite young talents to join the league to foster the technology advancements further in the near future. The report also presents with various career paths that are available for Data Science professionals today and the remuneration on offer across different roles -Data Scientist, Data Analyst, Data Engineer, and Business Intelligence Developer.