Why Is Data Science A Lucrative Subject?

As we know Data Science deals with the process of extracting knowledge from the data that has been collected. It uses various methods to reach this goal and takes the help of mathematics, computer science, information science, and statistics. Data Science is a highly specialized job which is also interdisciplinary and has to analyze data and gather knowledge.

In other words, we can say that basically data science requires the use of automated methods to analyze huge massive amounts of data and to extract knowledge from them. The need for data science is an ever growing market be it genomics or physics, data science is making its way into creating new branches of science and is also making its presence felt in areas like social sciences and humanities. The trend is into the growing and expanding mode because data from mobile sensors and many other sophisticated instruments is being made available for academic research and many more disciplines both traditional and new will now opt for computational and quantitative research.

As is obvious from the details obtained we can safely assume that data scientists are the need of the hour they are in high demand everywhere from schools to big industries to big business houses to research institutes and medical institutions you name the work and they require a data scientist.

Talking about the current trends a data scientist in the IT industry starts his career with a salary of Rs 615,786 per annum and keeps on climbing with service put in and experienced gained. If one gets trained in any of the following skills like, Data Mining, Data Warehouse, Machine Learning, Java, Python, and  Apache Hadoop then he automatically become’s the crème de la crème in this field they are the highest paying skills in a Data scientist’s career graph.

Some big names hiring Data scientists are

  • Fractal Analytics
  • Amazon
  • Deloitte
  • Linkedin
  • Myntra
  • Freecharge
  • Mu Sigma

These are just a few big names there are so many more companies and there are so many more new job openings coming up, demand is increasing and the pay scale is lucrative.

As a postscript a few more giants hiring in this field are – Heckyl (financial data analytics space )  Sigmoid Analytics (is in the Area of Real-time Big Data warehousing, streaming and ETL)  Flutura (Mines Big Data to perform Analytics) and many others.

Leave a Comment