Is there really a shortage of data scientists?

Is there really a shortage of data scientists?

Despite an influx of junior level candidates, high pay data science skills are still in shortage. The highest-paid Data Scientists have highly specialized skills that set them apart from others in their field. These roles are in high demand but cannot be filled by undergraduates with no experience.

Will there be a shortage of data science jobs?

So, yes, there will be a need for data scientists who can help industries build automation systems that can automate the task of machine learning and deep learning.

Is data science still in demand in 2021?

Because of the scarcity of talented individuals in the field, companies are willing to pay a premium and offer long-term incentives to recruit and retain talent, which is why data science is a highly lucrative career opportunity According to Michael Page’s 2021 India Talent Trends research, professionals with 3-10 …

Why is there a shortage of data scientists?

The major reason why there is a shortage of data scientists in the industry is lack of skills. Data scientists are highly skilled persons who are supposed to possess technical skills as well as non-technical skills. But the companies are not able to find the required data science skills in the data science aspirants.

What is the current demand for data scientists?

High salary growth in DS and ML Therefore, transitioning to data science is a smart move as it fetches far higher comparative returns. For instance, transitioning from a marketing analytics job to a data science job leads to a 37\% salary growth on average.

Is data science really a rising career?

Increasing demand for data science professionals Analysts predict that the country will have more than 11 million job openings by 2026. In fact, since 2019, hiring in the data science industry has increased by 46\%. Yet, around 93,000 jobs in Data Science were vacant at the end of August 2020 in India.

Is data science still growing?

In 2021, the data science job market is still growing. Despite a slowdown in the job market during 2020 due to the Covid-19 pandemic, data science is still a lucrative career for young professionals.

How is data science currently being used in industry today?

Data science is used in the industry to build models, analyze optimization points, make predictions or identify patterns to ultimately improve gaming models.

Is data science becoming obsolete?

Data scientists are unlikely to become obsolete until we get a rise of Artificial General Intelligence, that is, AI with general abilities.

Will data scientists become obsolete?

While data science jobs more or less fit that description, they probably won’t be replaced any time soon. The more likely outcome is that most lower-skilled data science jobs will be taken over by machine learning technology and higher-skilled jobs will require human attention.

Why to become a data scientist?

Knowing a programming language is essential in order to become a data scientist. Programming allows you to take vasts amounts of data and process them quickly in a meaningful way. You’ll also be able to use programming to do things like scrape websites for data or use APIs.

What are the educational requirements for a data scientist?

Data scientists are highly specialized professionals. The field requires special post high school training or degree. The minimum qualification required in this field is a bachelor’s degree in software engineering or a related field.

What is the job description of a data scientist?

Data Scientist Job Description Template. A Data Scientist is someone who makes value out of data. Such a person proactively fetches information from various sources and analyzes it for better understanding about how the business performs, and builds AI tools that automate certain processes within the company.

What jobs do data scientists have?

A data scientist’s job entails so much more than that. It involves insight and an understanding of what the numbers mean. With a grasp of the competition and the industry, you put all the resources together to create a vision of trends or patterns. Through your expert modeling knowledge,…