Why a Career in Data Science is Lucrative, Meaningful, and in High Demand

Data science has emerged as one of the most promising career paths in recent years. And why not. A data science career allows you to work with cutting-edge technologies, get lucrative remuneration and directly impact a business through data driven decisions.

In fact a report states that the global data science platform market was valued at USD 95.31 billion in 2021 and is expected to grow at a CAGR of 27.6% during the forecast period. As the demand for data driven business decisioning will increase, the companies will require more and more people with capabilities to derive meaningful insights from data. This will increase the availability of jobs in data science.

Source: Polaris Market Research

Here is why you should consider a Data Science career:

• High demand for data scientists and plethora of jobs in data science

There is an exponential growth of data generated by businesses, organizations, and individuals, creating a huge demand for data scientists and analysts. Data scientists come with the capabilities to analyze and interpret complex data sets, figure out patterns and insights, and use this information to make informed business decisions.

They are crucial in the organization, and their output directly impacts business decisions. The demand for jobs in data science is expected to continue to grow in the coming years. A data science career path is quite sought after for people with strong mathematics, statistics, and computer science background.

• A data science career is lucrative

Data science career  is considered one of the most lucrative career paths in the current job market. The demand for skilled data scientists is at an all-time high, and the salaries and benefits offered to data scientists clearly showcase the demand. The data scientist career path depends on several factors, such as years of experience, location, and industry.

Image Source: Glassdoor

As data scientists can work in a variety of industries, it gives them a wide range of job opportunities and the ability to explore different industries and career paths. As the demand for data-driven decision-making continues to grow, we can expect to see the demand for skilled data scientists soar.

• Meaningful work 

A data scientist’s work has a significant impact on businesses, organizations, and society. A data scientist works on complex data sets and  identify patterns and insights that help businesses make informed decisions. A data scientist working in healthcare analyzes patient data to figure out patterns that can eventually lead to more effective treatments and better outcomes.

 A data scientist working in finance handles and analyzes customer data that can help to prevent frauds or improve the customer experience. A data science acreer  offers opportunities to work on meaningful projects that have a real impact on the world. 

• A career in data science allows you to work with cutting edge tech

Data scientists work on cutting-edge technologies as they need to analyze and interpret complex data sets. Data scientists are often at the forefront of technological advancements, developing and implementing innovative solutions to solve complex business problems.

Data scientists use many tools and technologies, including programming languages like Python, R, and SQL and machine learning frameworks like TensorFlow and PyTorch. They also use various data visualization tools like Tableau and Power BI to present their findings in an easy-to-understand format. As the sector advances, data scientists will play a crucial role in developing and implementing innovative solutions to solve complex problems.

Kick start your Data Science Career

If all of these sound exciting, a great way to start a data science career will be by joining a course that understands your needs.

Ivy Professional School is a great choice that provides students with the necessary skills and guidance to launch a successful career in analytics. Ivy starts from the basics and gradually moves to advanced concepts in analytics so that even beginners can easily grasp concepts. 

Students are trained by faculty from elite institutions like IITs, IIMs, and US universities and exposed to real-world analytics problems through capstone projects, case studies, and internships. At Ivy Professional School, students receive support from teaching assistants to address their questions and concerns. Ivy offers sessions on building effective resumes and conducting mock interviews to prepare students for job opportunities. These resources help ensure that Ivy students are fully prepared and job-ready for future opportunities in data science.

Watch this video to get more tips on how to build a Career in Data Science