Is data science a good career? Yes! Data science is an excellent career with tremendous opportunities for future advancement. The current scenario sees high demand, competitive salaries, and numerous perks. Glassdoor rates data scientists as the “best job in America” and LinkedIn states it to be “the most promising career”.
The Chief Economist of Google in 2009, Hal Varian told McKinsey Quarterly that “the sexy job in the next 10 years will be statisticians.” It appeared to be an odd statement at that time but he has stood correct. 10 years later, in 2019, 2.5 quintillion bytes of data were generated every day, and data scientists were in demand to put this data to good use. Researchers from MIT quoted that “companies in the top third of their industry in the use of data-driven decision-making were, on average, five percent more productive and six percent more profitable than their competitors”
5 Reasons to Choose Data Science As a Career
If you are still lingering on the question, “Is data science a good career choice for me?”, then here are 5 reasons that answer your doubts positively for getting into the field of data science
Data scientists can save a tremendous amount of time for their company by working to automate previously manual processes. Institutions of the modern era are well aware of the value data scientists bring to the table. They work as strategy gurus for organizations as they save a lot of resources for them that are strategically beneficial for them.
Data scientists are not limited to just one field of work as their skills are useful in a host of different industries. Understanding human nature is at the foundation of data science and there is no business where that is not useful.
Data science was regarded as one of the most in-demand fields of the last decade and showed no sign of a reduction in demand as of 2021. The U.S Bureau of Labour Statistics projected 27.9% growth in data science occupations through 2026.
Most of the influential companies in the world including Amazon, Apple, Google, or Facebook thrive on data-driven decisions. Without adopting a data-driven approach to business, companies can not survive the advancement of trending technology. The demand for data scientists continues to grow as the need for data scientists is far greater than the number of experienced data scientists that are currently in the market.
And due to this growing demand, data science jobs for freshers are also plentiful and a bachelor’s degree in fields such as mathematics, statistics, computer science, or engineering is a good position to begin the journey too.
The data science jobs salary base is quite competitive with impressive growth opportunities due to the lack of qualified candidates against the high demand for qualified ones. Data science is also a highly lucrative field that allows remote working fully. This benefit becomes even more important when considering the effects that the COVID-19 pandemic has had on modern professional life.
Having a passion for data science and the skills and knowledge to excel at it are necessary for a lucrative career that can provide reliable income that secures your life and family. Glassdoor informs that data science is one of the highest paying careers with one of the best work-life balances.
An Ever-Evolving Field
Data scientists can gain a wide range of skills that allow them to use data and explore exciting new avenues developing within data science including artificial intelligence, machine learning, big data, etc. This is due to the ever-evolving nature of data science.
The increase in complexity of the data that is generated is synonymous with the growth of data science. Predicting the future of data science is difficult but it can be argued that opportunities in the field will keep presenting themselves as data science grows.
Diverse career growth Options
One can use their personal experience with business, communication skills, and a well-groomed personal network to start on their own as a data science consultant. Individuals can also choose their clients and industry to focus on, methodologies, and work hours too if they decide to go independent. Due to the varied availability of choices, one can even choose to move ahead with a separate institution of their choice to continue their career.
The option to diversify is a great perk in any field of work and data science possesses one of the widest variety of career continuation possibilities, enabling them to personalize how they impact the community.
The scope for careers in data science has yet to see an upper limit and one is not likely to see it anytime soon. Even though the question, “Is data science a good career?” raises doubts for data science enthusiasts, the answer will never result in a negative outlook on data science for the possibilities are endless.