Touted as the “hottest job of 21st century”, Data Science is a buzz in the tech industry and everyone seems to be talking about it. Data Science is the future of Artificial Intelligence. It is an amalgamation of knowledge of various tools, algorithms, and statistics that can be leveraged into unearthing various trends and patterns that could be of great use for businesses. Data Science is revolutionizing the way businesses use their data to find actionable insights that could help a great deal in making their operations efficient and profits wider.
You may want to ask what has made this field this relevant today? The answer lies in the exponential growth of data. We consume and produce large volumes of data each day. And this data is the new fuel that drives businesses and industries today. Data Science is the science of collecting, managing, organizing this data to generate hidden patterns and trends that can solve the problems hitherto unknown making it the “hottest job in the industry” today! Businesses and industries need professionals who are well equipped with the knowledge of handling, managing, analyzing and understanding trends in data.
With many people aspiring to join a data science course to become a data scientist, it is pertinent to know the pros of this career. In this article, we will delve into why should you consider upskilling yourself with a data science course to become a data scientist.
As stated above data is the fuel that drives the industries and businesses forward in this new age. Hidden trends and patterns in data help in generating actionable insights that can transform the operations of a business leading into being more efficient and profitable. Companies look for data scientists who can process their, unearth important information that can be put to use. For example, a company that is just not able to figure out the product-market-fit for their product; or looking to maximize their sales revenue would want to hire a data scientist to analyze and process their historical data in order to make them aware of the problems that have not been tapped-on by the businesses yet. The data scientists would help the companies in finding solutions to the problems that aren’t realized yet. It would not only make their consumers happy but also would maximize the company’s revenue. Additionally, it would provide the company an edge over its competitors.
It’s a profile that is highly in demand. Hence, prospective job seekers have numerous choices in the industry of their choice. Every industry namely healthcare, BFSI, FMCG, governments, education, entertainment industry are looking for data scientists to make their business more efficient, consumer-centric and efficient. Data is being produced and consumed by each industry and often is inter-related. Hence, the position is not centric to just one industry. Its need has been felt across industries to get insights over consumer preferences and behaviors. And since the companies have realized the importance of data quite recently, it has suddenly created a need for data scientists’ positions across industries which are only going to surge more in the coming years!
And while there is an abundance of positions, there are only a handful of people who have the required skills to become a data scientist, thus making it one of the most lucrative jobs in the market today. This field is high in demand and low in supply, thus businesses are paying hefty packages to get a data scientist on board.
Data Science help industries in automating redundant tasks. It is enabling companies to use historical data to train machines to perform repetitive tasks without being explicitly programmed (Machine Learning). This has thereby simplified the tiring jobs that humans performed earlier! Since it involves machine learning, it has enabled the industries and businesses to create products and services that are not only profitable but also consumer-centric. Thus, it has helped industries achieved the magical space where both the customers and the businesses are in a happy place.
There are a variety of applications of data science. It is being widely used in healthcare, banking sector, financial services, Insurance services, E-commerce, retail, entertainment, education and where not! Therefore, data science is a very versatile field. You will be in a center-position and will get to work with different teams across industries.
So, if all of this stimulates you, then a data science course is the course for you! To more about what is data science and the data science course content, check here.
Considering the dominance of this up-and-coming field of study in the future, Career Launcher brings to you a detailed course on data science and big data analytics. Enroll now and become future-ready! Get in touch with our course counselors to learn more about the offerings.