With exploding amount of data being generated every day, it has become a really valuable asset for industries. And thus, the demand of Data Scientists have increased many-folds in recent years. According to Indeed, one of the top job sites, the year over year demand of Data Scientists have shown an increase of 29% and a staggering 344% increase since the year 2013. However, searches by job seekers rose at a slower pace of 14%, indicating a remarkable gap between supply and demand.
Data Scientists are among the highest paid professionals in the IT industry with salaries almost double of conventional IT jobs. In India, the average Data Scientist’s salary is more than ₹10 lakhs per annum. This is quite unsurprising, given the companies are really willing to take their bet in Data Science. The same figure in United States is around $117K per annum which makes Data Scientists one of the highest paid professionals in the country.
Data Science has become a hot career path and its applications transcend businesses, industries and research through a common set of skills. A recent study has reported that artificial intelligence will automate more than 38% jobs in the next 5 years. Hence, it has become a necessity to upskill yourself with data science technologies now more than ever.
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