{"id":9746,"date":"2020-06-04T10:20:20","date_gmt":"2020-06-04T04:50:20","guid":{"rendered":"http:\/\/ivyproschool.com\/blog\/?p=9746"},"modified":"2021-06-10T17:15:06","modified_gmt":"2021-06-10T11:45:06","slug":"rise-in-the-demand-for-data-science-technology-in-the-post-covid-world","status":"publish","type":"post","link":"https:\/\/ivyproschool.com\/blog\/rise-in-the-demand-for-data-science-technology-in-the-post-covid-world\/","title":{"rendered":"Rise in the demand for Data Science Technology in the post-COVID world!"},"content":{"rendered":"


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\n<\/a>We all know that the world recently took a massive hit from the <\/a>COVID-19 pandemic<\/a>, which continues to spread at a scary fast speed. As they say that “Desperate times need desperate measures”. The “Lockdown” strategy was decided upon as a measure to contain its outspread. Consequently, and instantly, the global economy went far south. IMF anticipates this as the steepest slowdown since the Great Depression of the 1930s. Additionally, normal human life has also got adversely affected. People are confined in their homes. It is a challenge to lead a locked-down life managing home and work.<\/p>\n

The rise in data generation and demand for Data Science:<\/h2>\n

Amid these testing times, there is but one thing that has really ballooned in the presence of the Internet and electronic gadgets like smartphones, wearables, etc., that is the generation of Data. Before the COVID, over 2.5 quintillion bytes of data were being generated every day through every click, share, search, and stream from the use of various digital devices globally. It is beyond imagination the amount of data we are generating every day while adjusting to the Lockdown now.<\/p>\n

Owing to the availability of massive amounts of structured and unstructured data, Data Science Technology involving Machine Learning, Artificial Intelligence, and Big Data Analytics ruled the major part of the last decade. For three years in a row, Glassdoor ranked the role of a data scientist as the number one job in the US. According to a report by the US Bureau of Labour Statistics<\/a>, the rise of data science needs will create roughly 11.5 million job openings by 2026. The World Economic Forum<\/a> predicts that by 2022, data scientists and analysts will become the number one emerging role in the world. Evidently, an increased number of brands do realize the possibilities and benefits of leveraging these technologies. The spike of data generation is only going to further bring the technology to the center-stage among businesses.<\/p>\n

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Source: Time of India<\/p><\/div>\n

Unleashing the Power & Demand for Data Science to fight against COVID-19:<\/h2>\n

Artificial Intelligence and Machine Learning is one of the most advanced weapon in fighting against this invisible enemy. Data Scientists and Researchers everywhere are applying Data Science to understand the spread of this disease, finding treatment and vaccine.<\/p>\n