Data science has become one of the trendy subjects. It has become a major part of the Indian technology sector. The subject is now applied to all organizations. Be it retail or finance. There is a need for professionals who have a proper idea about handling the data. As of now, data science jobs are considered the most reliable and popular.
More and more data science positions are opening up at different firms like Flipkart, Wipro, etc. The number of vacancies with time will increase by more than 3 million. There are different reasons why there is a great demand for a data science job in India and globally.
If you are interested in starting your career in data science, you need to consider taking the certification. Understanding every minor aspect and having proper experience is the key to getting a decent job with a good package. The guide here will provide the center details about the possible chances of data science job opportunities for the future in India.
Data science- What is it?
Data science is a combination of algorithms tools that are also used for identifying the data patterns due to technological advancements like the internet of things. On a regular basis, there is a production of a great amount of data. Such data originates from the sensors and electronic devices, profile information from the social media, purchase, date of consumers, finance, business detector, etc.
Besides, the data also plays a vital role in every business decision. You must have an idea about things and look at the data life cycle to understand things.
Growth of the data science market
There was a study conducted in 2018. It was identified that the market size was about $2.7 billion during that year. The size further increased and is now more than the revenues. It is expected it will double by the year 2025. Machine learning, intelligent automation, and artificial intelligence have significantly altered the business of international and domestic companies. This has significantly contributed to the domestic analytics industry increasing by 12% in revenues.
For the outsourcing industries like TCS, Wipro, and Tech Mahindra, the firms account for about 35% of the market. Such industries are the primary source of revenue which accounts for about $25 billion. Out of all, TCS receives almost $2 of the revenue. Consulting firms like McKinsey and Deloitte account for 10% of the analytic market. Finally, 45% of the data and the revenue is majorly from the US.
When the sector is looked upon, it will be identified the major part receiving revenue is from data science will be the BFSI. The industry is then followed by advertising marketing and e-commerce.
The demand for data science professionals
Data science professionals in India are in great demand. In fact, the companies in different sectors like L & T, finance, e-commerce. After the US, it is India which serves as the second-largest market for professionals in the data science industry. In fact, there are about 95000 vacancies as per the recent study.
The number will increase by the year 2022. In fact, one out of every ten advanced analytics jobs in India is from data science. E-Commerce telecom is the major recruiter for professionals. More than 97% of the jobs herein are on a permanent basis.
Besides the data, professionals are in great demand among employers. They are waiting to fill in the positions in the industry. On average, the data scientist can expect to earn about $1090000. The value and pace at which the companies are now using data analysis in the decision-making process are bringing up a tremendous change for skilled professionals. Therefore, it is not just the perfect time to consider a career.
Data science as a career
Although many people think having a successful career in data science can be quite straightforward. But in reality, there are a lot of skill sets that are required to become a successful expert in the industry. Some of the essential attributes include.
- Proper knowledge of probability theory and descriptive statistics
- Programming languages like python
- A good experience in machine learning
- Understanding big data frameworks like spark
Based on the data science job you choose, you will have a different salary package. It is vital that you consider every minor aspect and your specific skills before you choose a specialization, the decision that can significantly impact your life. So thinking about it well is extremely important.
No doubt there are different career opportunities in data science. Be it an analyst engineer or any other option you are interested in. You need to have a clear understanding of the salary package and the skills required. Only when you are well versed in the details. You will be able to take proper measures and succeed.
Given how fast the industries are changing, there would be no better time than now to start learning about data science and build a career. As a beginner, things might seem overwhelming to you as there would be a lot of things to cover. So you need to start right from the basics, and then you must get yourself knowledgeable about the programming languages. Also, following the proper learning path will ensure you enroll yourself and get the certification done.
Conclusion
Given the vast demand for data scientists in India, it is pretty evident that the job role will be hectic and difficult. One needs to have proper understanding and certification to prove that they have got the skills to handle the job well and provide the company with the best assistance. This is why certification is essential.
You can consider Karthik Training to continue your certification program. They provide online training courses that will help you get well versed with the data science industry and understand every aspect. It will allow you to improve yourself as an expert and attain success. Besides, as you will be able to carry out your regular classes right from your home, there won’t be any difficulty, but for sure you will have the support of the experts to learn about the industry well.
Thank you for reading this. For more information, visit – https://karthiktrainings.com/data-science/
