In every industry, data science is a game changer. With the digitization of processes, we can see immense increase in the amount of data. Therefore, data science tools and technology is deployed for higher productivity in different organizations. As a whole, this technology field offers a few great opportunities for analytics, machine learning, data mining and big data.
Since the role of businesses and service providers is to help solve problems, data science can help analyze a lot of data for quick and efficient resolution of problems. A few years ago, the engineered solutions were not able to offer these benefits.
Aside from this, the advent of ML algorithms and predictive analytics has enabled predictive maintenance in the industry. And the good thing is that we don’t see any signs of negative growth in the industry.
The world has been experiencing a lot of demand for the services of data scientists in a lot of fields. According to market researchers, the field may experience tons of growth down the road.
With the increased demand, new job seekers and talented pros are using their skills in this field. Besides, data technologies are giving birth to a lot of job opportunities for new professionals.
In India, for instance, the number of jobs are expected to hit 1.5 lack by the end of 2020. This is an increase of 62% compared to the previous year, says a report released by Great Learning. In this sector, around 70% job posts are allotted for data scientists who have less than 5 years of experience.
According to the co-founder of Great Learning, Hari Krishnan, organizations across different domains adopt new technologies to sustain their relevance and competitiveness in the market.
Since tons of data is being generated, more and more professionals are needed to get actionable insights for better business decisions. So, the good news is that the demand for more and more professionals is on the rise in India.
As a result, professionals are joining this field in order to upgrade their skills and meet the industry needs. The year 2020 is going to see a great increase in the number of data scientists.
Aside from this, sectors that are offering an increasing number of these jobs include retail, media, ecommerce, healthcare, energy, and BFSI. The average salaries are up to 14 LPA.
Great Learning also described that these sectors are facing a big problem, which is the shortage of skilled professionals. According to a research study, around 97,000 job posts related to data and analytics were vacant because of the shortage of qualified talent.
According to experts, the advantages offered by data science jobs encourage young talents to be part of the league for fostering the advancements down the road. Besides, the report also presents a lot of career paths for data science professionals, business intelligence developers, data engineers, data analysts and scientists.
In short, this is how data science offers a lot of opportunities for businesses across the globe.
Data Science in India
As far as data science is concerned, there is huge scope in this industry in India. According to a 2018 estimate, the number of vacancies hit 2.9 million. Experts are hopeful that the demand will continue to rise down the road. And companies will hire more data scientists in the future.
India is the hub of IT and software industry. The degradation of conventional IT positions because of automation brought a revolution in India. This is the age of data and it requires professionals to adopt new changes for better sustainability. Read on to find out more.
Data Science: A lucrative Career of the Future
The data science field is quickly emerging in India. Many startups are focusing on relevant technologies. And most of them have adopted the new changes. So, the scope in this field is quite impressive in India. This offers a great opportunity for those students are already into this field of science.
Here, it’s important to keep in mind that DS has a steep curve of learning, which consists of many underlying disciplines, such as computer science, statistics and mathematics. So, if you want to become a scientist, make sure you try your best to become proficient in this field.
Importance of Maths and Statistics
Since this is a new field, most people don’t have the required expertise. Unlike the US, India is far behind in this sector. Therefore, most people don’t have degrees in data science. Instead, they own degrees in other fields, such as mathematics or computer science.
Since there are not enough data scientists, companies are always looking for more of these professionals. Many startups have emerged in the country that are looking for these experts.
According to a recent survey reports released by The Hindi, there are around 97,000 vacant positions for data analytics in India. Over the past year, the rise of these companies has caused a sharp rise of more than 40% in the jobs.
Data Science Demands a High Salary
In India, there is a great gap between the supply and demand of these experts. The discrepancy is due to the lack of supply of these pros in differnet industries. Aside from this, the steep curve of learning has contributed to a great boost in the income of data scientists.
Therefore, these scientists are earning much more money than their counterparts in other IT positions. For instance, a good professional In India earns an annual salary of ¹650,000. And the good thing is that this is more than the national average for professionals in other fields, such as software engineers.
Long story short, India has immense scope for data scientists. You may have read about the factors that are increasing the demand for these pros in India. Therefore, If you are looking to get data science training, we suggest that you choose a good institute for this purpose. This will ensure you get the required skills and training to become an expert in this field. Hope this helps.
Killing Your Job Search With Inept Net-Working
Did anyone ever ask you about openings in your company? It’s painful to say “sorry” to these people, and it’s humiliating for them to ask. Networking for openings doesn’t work.
Well, it was OK when you were just beginning your career. Jack got his high school stock boy job by having a friend’s dad pull strings, and Steve got a job waiting tables by walking in and asking if they needed people. But that works only at entry-level jobs. Once you’ve got a career in mind, it’s unlikely that your friends and acquaintances know the right people to talk to.
Don’t get us wrong. Person-to-person job searching is the hands-down preferred method! It’s just that most people think networking works all by itself. They’ll go to association meetings (usually made up of 90 percent job-hunters and wannabes and only 10 percent doers) and ask about vacancies or openings. They’ll pass out their resumes on the street like flyers. They’ll collect business cards like baseball cards, hoard them, and wish they had some realistic good reason to talk to those people. They hope they’ll be remembered when a vacancy or opening turns up.
Then there’s networking among “primary” contacts. Friends and relatives and acquaintances don’t like being imposed on; besides, it’s just hit or miss when you ask everyone you know about jobs. You can quickly burn up your network instead of cultivating it.
To avoid this random, billiard-ball-style networking, you need a written and researched plan of whom you want to talk to, how you can make or save them a bundle, what’s going on in their industry that you can key into, and a thought-out rationale and method to get in to see them face to face. You need a clear agenda for each meeting. You must know how to milk the meeting for further contacts by knowing-at least by key information point if not by name-who else you want to talk to.
Remember, your resume is not likely to entice anyone to see you. To generate networking interviews, you need good telephone techniques (including knowing the three ways to reach impossible-to-reach people), a brief and powerful personal profile to sell your future, and you’ll need to avoid the common mistakes that kill job campaigns. These include being “open” to any kind of job; an unplanned, unfocused search; and doing it alone. You’re going to need support and cheerleading from friends and family to get you through the discouraging times-and don’t be afraid to get professional help to assist you in getting beyond your limiting beliefs.
Poor networking is worse than no networking. Meeting people is one thing, making the correct impression is another. Just meeting a lot of people and talking with them doesn’t necessarily mean you’re getting closer to a new job. If people aren’t impressed, if they think you’re too arrogant, too pushy, too meek, too timid, too uninformed, not committed enough, too confused, too anything, all that a hundred networking contacts will do is generate a hundred poor impressions-you’ll burn bridges that you’ll have to rebuild later once you get your head on straight.
One client was very excited about how he “knew everybody” in his industry. When we did a candid reference check, we found out he was well known, all right. But he wasn’t famous, he was infamous! He had to shape up in a number of areas, including going back to everyone he knew and revising the impression he’d made.
In some cases, you may not be able to repair the damage. You never get a second chance to make a first impression. Poorly conducted or ill-prepared networking will only make things worse every time.