Why Data Scientist?

In this article, we will talk about on “Why to become a data scientist/data wizard? ” and “Why is it beneficial to become one?”

Some people know and others have a basic idea about an emerging position as a data scientist in the companies. But most don’t know that why is it becoming this popular in recent times.

The fundamental goal of data science is to help companies make quicker and better decisions, which can take them to the top of their market, or be a matter of long-term survival. The number of companies prepared to use big data is increasing.

Reasons for booming in the market:-

(I) The increases in data being generated and at the same time, the amount of data that is being consumed as well.

(II) Accurate prediction of demands on the specific time of the year.

(III) Get to know the reasons for the Decrease or Increase of the companies Values.

(IV)Easy extraction of any data for the specific purpose. Eg:- Comparison of sales or User experience.

These are some major reasons to become a Data Scientist mentioned above.

Future of Data Scientist:-

#According to the report by AIM, in 2018, analytics, data science and big data industry in India generated about $2.71 billion annually in revenues, and in 2019 it grew to $3.03 billion in size. This 2019 figure, is expected to double by 2025 nearly.

#An August 2018 LinkedIn report declared that the demand for data scientists is “off the charts.” The U.S. Bureau of Labor Statistics (BLS) expects the job market for data scientists to grow at a rate more than triple the national average. The job site Glassdoor also ranked data scientist jobs as the best in the United States in 2019, marking the occupation’s fourth consecutive year atop that list. Industries across the country need data scientists, and this demand doesn’t appear to be changing anytime soon.