Loading
Did you know that Data Science is one of the most in-demand professions of 2022? The growing demand for Data Scientists and less availability of skilled resources worldwide make it an attractive career choice for students. So, let’s understand how Data Science can kick-start your career, the top career avenues available in Data Science and educational requirements.
Key Highlights
1.
Data Scientist
ü Data Scientist
skills
2.
Data Architect
ü Skills
required
3.
Data Analyst
ü Skills
required to become a data analyst
4.
Data Engineer
ü Skills
required
5.
Business Analyst
ü Skills
required
How Data Science can boost your career?
In India, Data Science jobs
witnessed 73.5% growth between March 2020 and April 2022. Additionally, it is
expected that over 11 million jobs will open globally in this domain by 2026.
In the IT industry, Data Science is the second highest-paid profession after Full
Stack Developers. Thus, multiple job opportunities in notable data-driven
companies such as Walmart, Google, LinkedIn, and Amazon, offering lucrative
salary packages and rewarding career growth, make Data Science a good career
choice.
Data Science opportunities – career avenues
As per the US Bureau of
Labour Statistics, the number of jobs that require Data Science skills is
expected to grow by 27.6% by 2026. It is one career domain that offers lucrative
opportunities in industries like Information Technology, Finance, Telecommunication,
Retail, and Healthcare, to name a few. The top 5 job roles ensuring career
growth and success are:
Data Scientist
The primary
responsibilities of Data Scientists are maintaining large databases, extracting
valuable information from data by using various computer programming tools and
processes, and offering actionable business insights.
Data Architect
A Data Architect is
responsible for designing, developing, organising and centralising the data
management system of the company considering external and internal regulations.
Data Architects work closely with Data Administrators and Engineers.
Data Analyst
Data Analysts work with structured
data, clean and study it, identify trends and create reports for solving
complex business problems.
Data Engineer
Data Engineers prepare as
well as manage a large volume of data, create data pipelines and
infrastructure, and make data accessible to other teams for further analysis
and optimising business performances.
Business Analyst
A Business Analyst
analyses the collected data, pinpoints issues, and makes recommendations that
help in improving business processes and systems.
Other job roles such as
Machine Learning Engineer, Research Analyst, Data Statistician, and Database
Administrator are equally in demand. Kindly remember that besides technical
skills, skills like communication, critical thinking and business acumen are
also necessary to excel in job roles.
What to study to become a Data Science
professional?
Anyone with academic
knowledge of Statistics, Mathematics and Computers is eligible to make a successful
career in Data Science. If you are from a non-technical background, pursuing a
full-time certification course in Data Science after graduation will help in achieving
your academic goal.
In case you have
completed graduation in Data Science, pursuing courses like a PG diploma in
Data Science from reputed universities to gain advanced knowledge is a wise
decision. Some of the most popular universities offering Data Science courses
are:
FAQs
Q.1. What is Data Science?
Ans. Data Science is the study
of a large volume of data by using different techniques, tools and technologies
for analysing and extracting meaningful insights for businesses.
Q.2. Is Data Analysis and Data Science
the same?
Ans. Data Analysis and Data
Science both involve using a large volume of data for business insights but
using different techniques, skills and tools.
Do not stop chasing your
academic aspirations. If financial worries are bothering you, opt for a study
loan. If you want to study overseas, finance your education independently by
applying for an education loan for
studying abroad from Avanse Financial Services. Get in touch with us today to know more
about a customised loan
for education.
We always aim to offer you competitive interest rates on your Avanse Education loan.
The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate +
Spread.
Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.