Why Data Science as a Career
Tony Robbins an eminent American writer once said, “Setting goals is the first step in turning the invisible into the visible”. Goal Setting is one of the fundamental pathways to success whether it is a on personal or professional front. Only few people are able to achieve extra ordinary success in their professional careers. There may be many reasons for the failure, but the wrong choice of career would be one of the main reasons. People make career choices based on their interests, skills, social background, value, personality which are more self-assessed. It is equally important to have knowledge about the broader relevant indicators like the profile, sector and growth opportunities.
We all know, “Well begun is half done”, so if we lay out the right floorplan the changes of success will become exponentially higher. But, when we actually start researching on Job opportunities, we might end up with too many choices, that would paralyze us. We got to be analytical, logical, rational while making career decisions. Let us explore in more detail about data science as a career opportunity.
With the ever-increasing role of advanced technologies, many core functions have been impacted across the value chain. Industries are now embracing technologies in every possible area to improve customer experience and drive efficiencies and effectiveness in their operations. According to the Harvard Business Review, a Data Scientist “is a high-ranking specialist with the experience and curiosity to make discoveries in the big data world.” Therefore, it comes as no surprise that in the Big Data Analytics and IT industry, data scientists are valued professionals. Organizations are increasingly relying on the skills of data scientists to maintain, expand, and outdo their competition, whether it is to optimize the process of product creation, boost consumer retention, or mine through the data to identify new business opportunities.
India Skills Report 2020, Powered by Wheebox in association with CII and AICTE indicated that Data Science & Analysis has one of the most promising job prospects in the next 5 years. The ability to turn a sea of data into actionable insights makes data science professionals a much sought after in this present era. Data Analysis skills were found to be the most important by employers from various industries and companies are eager to capture data and derive insights from it.
To study patterns and other phenomena, data science use statistics, algorithms, data processing, and machine learning techniques. The insights obtained from this are then used in many different scientific and technological fields for problem-solving and further study. The scope for Data science is unlimited and India is second only to the US when it comes to data science jobs. 1 out of every 10 data science or analytics jobs is accounted for by India. ( Quartz India).
The biggest advantage of making a career in data science is the opportunity to learn and grow. Being a profession in demand, it also provides an attractive salary and thus financial security. Data science may be an excellent choice for those who have a strong foothold in mathematics, statistics, computer science, or business backgrounds. Data Analyst, Data Scientist, Data Engineer, Product Analyst, Machine Learning Engineer, Decision Scientist, Data Architect, Business Analyst are some of the key profiles we can find under the broader segment of Data Science.