Data science is one of the fastest-growing job sectors in the world. With the surge in data & its correlated fields, a Data Scientist’s job has become one of the most sought after jobs. With the emergence of newer job roles & industries, the requirement for the number of data scientists is growing at an exponential rate. However, the field of data science in itself is still young, and data scientists do not hold many years of experience behind them compared to other IT-related fields. Thus, having an advanced degree in data science courses will provide a great opportunity to pave the way into this booming industry.
Data Science: The Booming Industry (Trends & Analysis)
In the past year, the Covid-19 pandemic has caused significant disruptions and losses for many businesses yet gave way for many opportunities in the tech sector. During this time, data scientists have helped businesses dramatically with improving the effectiveness & efficiency of their processes. In addition, they successfully met shifting online workforce needs with the help of big data, Machine Learning (ML), and more advanced Artificial Intelligence (AI) applications. As data scientists help businesses/industries increase their capacity for big data, adapt to the newly digitized business models, and grab the digital revenue opportunities, the need for data science talent will undoubtedly continue to increase in 2021 and beyond! Let’s take a look at some of the trends & analysis supporting the boom in the data science industry:
- More & more businesses/industries are becoming data-hungry, for which they need specialized data scientists who can craft products for the customers and help them with handling data. Therefore, about 11.5 Million jobs will be created by the year 2026, according to the US Bureau of Labor Statistics. Moreover, there will be a diversification of roles over the next that will develop deeper career paths in the data science industry.
- The exponential potential & growth of ML & AI will keep data scientists busy innovating. According to a recent Forbes article, 28% of homes in the US will be “smart” by 2021, all thanks to ML & AI that’ll interact with real-time data & automatic processes. In addition, from chips to software, AI will continue to bring insight, efficiency, and cost savings to the digital landscape in the coming year. This leaves tremendous growth potential for AI & ML.
- The 2020 Emerging Jobs Report of LinkedIn shows a 37% annual growth in the data scientists’ job. In fact, data science has topped the report for three consecutive years, citing AI as a significant contributing factor. This implies there has never been a better time for a career change to the technical field, with innovation propelling job security & growth. Furthermore, with a PG degree in data science courses, your chances are even better! An analysis by Joblift- a job search platform, found that half of all data science job listings require applicants to have a PG qualification. This implies that you’ll be quite literally doubling your job options in the field by getting a PG degree in Data Analytics.
With so much potential, there’s no wonder that data science was named as the “sexiest job of the 21st century” by the Harvard Business Review. Undoubtedly, the data science industry will evolve with the ever-changing needs of the digital landscape, but the data science field will leverage its reputation for years to come, ushering in talented & enthusiastic data-savvy statisticians who’ll transform tech in ways one cannot even yet imagine!
A Post Graduate Program in Analytics & Artificial Intelligence for the Win
Imarticus Learning offers a dual certification Post Graduate Program in Analytics & Artificial Intelligence in collaboration with UCLA Extension (one of the oldest & largest continuing higher education providers in the United States). This collaboration between UCLA Extension &Imarticus Learning enables students to learn how to leverage the power of Big Data to extract insights & improve decision-making for real-world problems. During this course, you’ll learn Analytics & AI fundamentals from world-renowned UCLA Extension instructors through engaging videos, exercises, and live sessions. Furthermore, this course guarantees interview opportunities and placements at leading firms for job roles with attractive salary packages. The case studies that you’ll be working on during the course are crafted in association with both industry leaders and innovative disruptors. These studies will expose you to the current industry trends and how ML, AI, and Analytics experts solve complex business problems. This ensures that you transform into a well-rounded job-ready professional who can add immediate value to any organization from day one!
