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Data science is a field of study that is increasingly in demand around the world in countless industries. Data scientists use various tools and techniques to find connections and patterns between extensive amounts of data. This is then used to help take action, make decisions, calculate risks, and more. Data scientists are greatly sought after by businesses, as they can help make crucial analyses that help companies make decisions, decide on a course of action, and potentially save a lot of money.
A data scientist is an individual who collects and analyzes large groups of data on the basis of statistical and programmable logic. A data scientist uses modern tools to find relations between the data and uses their knowledge to make informed suggestions about important decisions, calculate the risks involved, and create solutions based on the organization’s requirements.
Data science is a vast field, and individuals pursuing a career in it have a large catalog of job types to choose from. Thus, depending on the data science portfolio, many roles could be related to data science. These include:
The role of a data scientist is to analyze trends in a set of data and help make informed decisions and solutions for a company. A data scientist will typically use tools and programs such as Python and Github in order to separate the relevant information and data; and use that to form insights that will help the business, such as increasing efficiency and weighing risks. The responsibilities of a data science professional include the following:
Data science also incorporates skills such as programming, mathematics, data analysis, statistics, machine learning, and problem-solving.
The average base salary for data science professionals in India is INR 10 Lakh per annum, with additional cash compensations and bonuses. However, this price depends on the company and region where you work, as the salaries and opportunities for Big Data will differ.
Nevertheless, as aforementioned, since data science is such a sought-after skill, the salaries are also expected to increase based on the sheer demand for professionals. In fact, according to a study conducted by AIM and Hero Vired in 2022, the median salary for data science professionals has increased to 16.8 Lakh, a 25.4% increase from last year. The data and trends point towards a steady increase in salaries of data science professionals, and it is a well-paying job.
To become a data science professional, there are certain criteria and courses you need to be qualified for. Since data science incorporates mathematics, computer science, and statistics elements, a STEM background would be preferable.
Another helpful criterion is being fluent in the programming language since data scientists use various programs to input and sort the data. Lastly, having some knowledge or a degree in business strategies, tools and studies can be extremely beneficial for data science professionals since they can help create better solutions for the client. Building a good data science resume is important and can be done using experience from sites like GitHub.
While data science can be demanding, most data science professionals work standard 40-hour weeks and a 9 to 5 job. This is because there is more autonomy in the work of data scientists, and they have more freedom.
Additionally, working with programs and algorithms means that the amount of manual intervention in a data scientist’s job is also lesser. However, since data science is an ongoing process, many data science professionals may also have to work on weekends in order to finish tasks and data solutions.
In a data science professional’s day, most of the time is spent running algorithms, writing codes, and researching the data set. A data scientist also collaborates a lot with other teams and sectors of the business in order to analyze the data from the best lens possible and collaborates with different members to create the greatest solution for the company.
Summing up, data science is a field of analytics that revolves around processing and analyzing data sets and using the collected information to create solutions for a client. The profession has huge scope in the modern world, with so many businesses revolving at a large scale, which make decisions based on the trends and risks associated. A data science job can be quite rewarding. This blog discussed some integral parts of a data science portfolio to prepare you for your journey as a data science professional.
Key takeaways:
Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.
Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.
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