Data is the fuel that every industry needs today to flourish. To understand demand, forecast sales, boost customer satisfaction, you need data in every sphere of today’s world.
It’s one of the most budding segments that every sector needs currently to operate in today’s world. Moreover, the entire AI technology depends on data! In the coming times, the world simply can’t go on without data.
The Need –
As per a report by Analytics Insight, India has more than 60,000 data analytics and scientists in 2020. In 2021, there will be an additional need of 72,000 data analysts across the country. The same report also says that by 2025, Indian will need approximately 1,37,000 data professionals.
The US Bureau of Labor Statistics says that by 2026 around 11 million data-related jobs will be created in the world. That’s a huge number, isn’t it?
And also the present lockdown and Covid 19 crisis showed us how data is necessary no matter what the crisis is. New apps were built in India during this period that was completely dependent on data. Let’s take the example of the Arogya Setu app. The app is one of the largest downloaded apps in the world. By September 2020, more than 16 crore Indians were using Aarogya Setu in a bid to fight against Covid. And let’s give credit to data analytics for making the technology possible.
Shortage of skilled data scientists –
Despite the need, there’s a humongous shortage of skills related to data in India. From Government sectors to private organizations, a data expert is needed in every sphere now. However, a data science degree holder and professional is difficult to find. The vacancies that remain vacant counts up to thousands every year now.
Pay Scales – Due to the shortage of data professionals, the pay scales are extremely high in the field of data. As a fresher, you get to start from almost 4 lac per annum or more. And within a few years, a data analyst or scientist is able to earn nothing less than 10 lac per annum. This number can go higher as well based on your caliber and experience.
Job Profiles – There are various job profiles available in the field of data. Some of the hotcakes are as follows –
- Data Analyst
- Database Administrator
- Data Scientist
- Data Engineer
- Business Analyst
- Machine Learning Engineer
- Data and Analytics Manager
- Data Architect
- Statistician and more
Landing up with a decent job with a ludicrous salary package will not be very difficult for a few years if you are a data science degree holder and gather adequate knowledge about the field through internships. The field has lots of vacancies with opportunities waiting for the right person to grab it. Moreover, the sector also guarantees job security in today’s time wherein there’s a huge need but less skilled people. Hence, if you are someone who wants to get into the field, enroll yourself in a credible data science course in Kolkata.