WHY A CAREER IN DATA SCIENCE

SHOULD BE YOUR PRIME FOCUS IN

2020
https://analyticsindiamag.com/why-a-career-in-data-science-should-be-your-prime-focus-in-2020/

SAMEER BALAGANUR - 1 DAY AGO

The sexiest job of the 21st century, data science, has seen a lot of demand with no
significant dip at any point of time over recent years. According to a study, it was found
that there is a requirement of 28% more data scientists worldwide. So, it is only to fair
to assume that the data science career choice in 2020 will not slow down. As for India,
in 2018, demand for data scientist shot up by 417%, but the skilled professionals were
not in shortage even if there was such an increase in demand.

Demand For Data Science in 2020

In 2019, 2.9 million data science job openings were required and looking at the trend,
2020 will only see an increase. According to a report, in 2020, the job requirements for
data science and analytics is projected to boom to by 364,000 openings to 2,720,000.
And according to the U.S. Bureau of Labor Statistics, 11.5 million new jobs will be
created by the year 2026. Therefore, it’s safe to say, even with the amount of shortage
in talent, there might not be a dip in data science as a career option.

The Hottest Job Roles and Trends In Data Science 2020

The increase in data science as a career choice in 2020 will also see the rise in its
various job roles. Analytics India Magazine has listed some of them below:

 Data Engineer
 Data Administrator
 Machine Learning Engineer
 Statistician
 Data and Analytics Manager

The increase in the job roles will be because of growth in certain sectors, and these
sectors will need data science personnel to process and deal with the data which they
produce. Below are some industries which will create more jobs in 2020, particularly
in India:

 Agriculture: The backbone of our country and one of the most prominent areas
to adapt technology worldwide, and therefore will demand applications of data
science, ML and AI. These will help improve farm output, pricing and forecasting.
 Healthcare: Analysis of the massive data produced by the healthcare department
will require the assistance of data science as more and more data is provided
every day. Not only is this data large-scale, but also complicated, so the demand
for a skilled data scientist can skyrocket in this sector.
 Aviation: Aviation companies produce a very massive amount of data. This data
is used by them to improve their services like customer experience, fix flight
schedules, safety data, route optimisation, preventive maintenance, etc.,
 Cyber Security: Cybersecurity has seen a recent surge with various companies
levelling up their security systems with increasing malware. The data engineer
demand will increase as the companies will need them for anomaly and intrusion
detection uses.

Industry Salary For 2020

The data science career may attract many people because of its challenging nature, but
the payment related to it adds another layer to it. In India, the average salary of a data
scientist as of January 2020, according to Glassdoor, is ₹1,052K/yr, which is pretty
attractive. The other job roles vary according to the companies and the position.
Market Revenue

In recent with the amount of shift in analytics and data science, the market revenue has
increased. According to the report by AIM, in 2018, analytics, data science and big data
industry in India generated about $2.71 billion annually in revenues, and in 2019 it
grew to $3.03 billion in size. This 2019 figure, is expected to double by 2025 nearly.

Increase In Data & Computing Power

The primary factor contributing to the boom in data science sector is the increase in
data being generated and at the same time, the amount of data that is being consumed
as well. This data is generated everywhere from one’s mobile phones to the most
significant healthcare procedures, so the big data has contributed as a major factor in
spurring the growth of data science.

Another factor to be considered is the increased computing power and advancement

of tools. This plays an important role, because the big data, as useful as it can be, needs
a powerful computing system to which one can efficiently crunch and make the data
useful to a reasonable amount. There are cloud computing platforms like AWS,
Cloudera, Microsoft Azure, GPS, etc., that provide intelligent solutions.

Outlook

If we look at the previous year, 2019, then according to a survey, 46% of the CIOs who
participated said that they had suffered a shortage of skilled data scientists. So, it
becomes imperative that as one has to think about this high demanding job seriously,
but it is equally essential to be skilled at it. In India alone in 97,000 jobs are vacant
because of the shortage of skilled employees. One has to participate in various data
science boot camps, projects, and other various opportunities to upskill themselves
and move towards being an expert, and then think about starting a career in data
science.
https://analyticsindiamag.com/why-a-career-in-data-science-should-be-your-prime-focus-in-2020/