Is Data Science really a rising career in the year 2020?
As per the reports given by Glassdoor in the year, 2016 data science was counted as one of the best jobs and it continued in the following years as well. Data science is estimated to be the highest paying job with the mean salary of $100, 000 which makes it a dream job. But why is it so popular? What is actually there in data science? Why people are preferring data science over any other course?
Making all your doubts clear and giving all the answers to frequently asked questions give a brief reading to this article that will surely give you a clear picture of data science.
DATA SCIENCE- A STUDY OF DATA
Data science is a multifaceted field where useful information or knowledge is extracted from structured & unstructured types of data by using different kinds of scientific methods. Its main purpose is only to extract insights that help businesses in better decision making. It somewhat relates to data mining & big data and one of the biggest benefits offered by data science is that it mitigates risk & fraud.
Role of a Data Scientist
Data scientist plays a major role in the field of data science it’s like they are the key feature because they are the one who is responsible for extracting the meaning of the data with the help of machine learning and statistics tools & methods so they must have a fruitful knowledge about these two concepts. Programming, fundamentals, statistics, data visualization, big data, data ingestion, and data mugging are some of the common skills that a data scientist must acquire.
Reason for being such a hit
Just like another phenomenon of any business data science also follows some basic economic laws; ‘SUPPLY’ and ‘DEMAND’.
The demand of data scientists is extremely high whereas its supply is very low and as per the research conducted by IBM using the burning glass technology & higher business education forum it is predicted that this predisposition is going to remain constant for years resulting in terrific salary which makes it the most active career.
DATA-DRIVEN DECISION MAKING IS POPULAR.
Earlier analysts use to analyze the data with the help of a software called ‘Excel’ where the academic data gets converted into SPSS and STATA for their statistical needs. But with time changing almost anyone can access and make use of data tools.
• Data services based on the cloud that is used for digital marketing such as Google Analytics.
• Complicated ERPs that breakdown the data and then creates visualizations example are SAP and Microsoft Dynamics which is highly used by business analysts or HR.
• Tableau and Microsoft Power BI is used for business intelligence needs that do the data visualization and uncover the unforeseen insights.
• There are improvements in programming languages as well like in R and Python that helps in performing the complicated analyses using lesser codes.
With so many opportunities, advantages and updated technologies data science is surely going to be in trend in the year 2020 as well. Get the best data science training at SkyWebcom by experts on the basis of live scenarios. SkyWebcom is the best institute for data science training in Noida where training is offered in great lab facilities. You can also avail the benefit of both weekday & weekend classes. Data science course fee at SkyWebcom is nominal which is sufficient for the data science course and 100% placement assistance is also given.