Scope of Data Science in Future

01-May-2020

WHY LEARN DATA SCIENCE?

Data science aims at providing a mesmerizing career and growth opportunities for professionals competent with Data Science and its related technologies. Data Science is an absolute and a strategically advanced field of study that allow professionals to make big money. A recent observation of the demand-supply paradox in the industries pertaining to Data Science has been constantly increasing owing to the fact that there is less number of well-qualified candidates to fill in the void created by the job opportunities. There are several vacancies open for the data scientists but they all stand in vain because there is a huge shortage that has been experienced in the recent past in the number of Data Science qualified candidates. This alone makes it a good reason to get going with Data Science and its related certification and you should learn data science for grabbing endless possibilities and opportunities that are waiting to be explored.

DATA SCIENCE FUTURE PROSPECTS

There is a constant void felt by the organization in India as far as data scientists are concerned owing to the fact that there is an impeccable lack of skilled professionals in the field of data science. Every industry running in the market runs on the analysis of data as it leads to glory and success if interpreted successfully. This has created an upsurge in the demands of the Data Scientists not just in India but all over the globe. The major industries looking for Data Scientists are mentioned below:

MANUFACTURING

The manufacturing industry is one of the biggest economy generating sectors in India and across the globe. The major application of Data Science in the manufacturing industry is to deal with the risks and to minimize it in order to regain and increase productivity by several folds. Data Science is also utilized in order to forecast the trends that may or may not affect the production and profits of an organization. There are several sectors in the manufacturing industry where Data Science is applicable and is profitable.

The sectors are defect tracking, quality assurance, demand forecasting, supply chain management, GMP and sustainability.

E-COMMERCE

Data analysts play a vital role as far as e-commerce is concerned. Retail and e-commerce sectors are in a constant hunt for data science professionals who can utilize their analytical skills and knowledge to bear fruitful results for the organization's operations over the internet.

Behavioural tracking of the consumers is of prime importance in order to persuade them towards buying the products and services available online. This work is handled by the data scientist who can manipulate the customers through a variety of skills and knowledge.

HEALTH CARE

Better patient care is a crucial aspect of any health care centre. Data scientists help them to achieve precise clinical records so that they are able to work efficiently in providing the required care and medical facilities. Data scientists across the world are creating wonders in the Health care units and they are in great demand. There is a huge amount of data that is produced in healthcare settings and needs to be managed on a regular basis for effective utilization and Data Scientists are making it happen.

BANKING AND FINANCE

The banking and the finance system are working day night towards the adoption of technology and the IT services in order to carry out tasks efficiently. They are utilizing the crux of technologies available in the market to secure and safeguard their systems. They need to develop more meaningful interactions with the consumers and therefore a Data Scientist is crucial for banking systems all across the universe. They help the banks in fraud management as far as bank transactions are concerned. Apart from this, there are innumerous jobs available in the banking sector for professionals having Data Science certification.

TRANSPORT

A huge amount of data is generated on a daily basis as far as the transportation industry is concerned. Wherever there is talk of data, Data scientists automatically come into the picture. There is a huge scope for the professionals competent with data science technologies and practices in the transportation industry. All transportation networks are planned and managed by Data scientists.

Data Science is a rewarding career. Let us now look closely at the several job roles and careers that are open for a professional having Data Science as his/her weapon in the market battlefield.

DATA SCIENCE CAREERS AND JOB ROLES 

The term data scientist is commonly treated as an acronym for Data Science, but as a matter of fact, there are a plethora of job roles available in the industry for someone with the Data Science Certification. The various job role re mentioned below:

BIG DATA ENGINEER

The main job role of a Big Data Engineer is to perfectly work out evaluation, development, testing and maintenance of the big solutions within an organization to produce desired results and outcomes for better productivity.

MACHINE LEARNING ENGINEER

In order to cope up with the business challenges the machine learning engineers design and formulate machine learning applications and algorithms. These help in overcoming the ongoing hindrances faced by any organization.

DATA ENGINEER/DATA ARCHITECT

Highly scalable data management systems are important for the smooth functioning of any organization across the globe. It is the job and duty of a Data engineer or a Data architect to curate redundant data systems for running effective management in the organization.

DATA SCIENTIST

It is the most famous and truly common job role associated with the data science certifications. The key job role of a Data scientist is to comprehend the overall challenges faced by any business organization and to develop alternate ways with the best functionalities to suit the working of an organization. Data processing and data analysis is the main function of any Data Scientist across the globe.

STATISTICIAN

The job role of a statistician is to carry out analysis using the statistics and to come forward with bet recommendations that an organization can follow to upgrade their current systems. They utilize the various data visualization tools and techniques to come up with an overall analysis based on statistical data provided to them.

DATA ANALYSTS

Data manipulation and data visualization are two important roles of the data analysts in an organization; they work closely to identify the data that can produce value in an organization and differentiates it from the non-value producing ones.

BUSINESS ANALYSTS 

The transformation of complex data into easy and readable forms is very crucial for an organization. This is the main job role of any business analyst. They utilize predictive, prescriptive and descriptive analysis to bring about a change in the current ongoing processes in an organization to develop fault resistant and effective strategies to read and comprehend convoluted data sets.

DECISION SCIENTISTS

The role of a decision scientist as the name suggests is to aid the organization in making fruitful decisions through the effective utilization of Artificial intelligence and machine learning. This is relatively a new field as far as Data science is concerned and is sure to bloom in the near future.

Scope of Data Science in Future