Data science is basically the application of a combination of mathematical, statistical, analytical and programming skills for the collection, organization and interpretation of data to allow effective and proper management of the business whose data it is.
The job of such a scientist is trending all over the world. The demand for such a scientists is huge, more than the number of available candidates. A recent report explained that the demand for these scientists has increased by more than 50% since last year.
These scientists, often referred to as big data wranglers, are a perfect blend of mathematician and computer scientist.
They are the analysts who perform data science. Their job is concerned with performing research and analyzing data in order to extract useful insights from the raw facts and figures and then translating the insights into useful information to assist the organizations by predicting growth and development. They assist the organizations in finding the solutions to the business problems and issues by analyzing the data utilizing their skills and expertise.
The data scientist is the one who can perform many different aspects of data crunching but not necessarily be an expert in any of them, which in short is termed as a ‘jack-of-all-trades’. The person who wants to become a data scientist must possess mathematical skills, statistical skills and programming skills and needs to have a detailed understanding of all of them. This person also needs to have strong business knowledge so that he/she can go through the business problems completely and can build strong business strategies for the future. Only then will you be able to apply your skills effectively in the organization in which you will be employed.
Top companies as well as startups are in need of data scientists because of the enormous amount of data flowing in the organizations’ databases. The top business concerns include Flipkart, Amazon and LinkedIn and the startups include Accenture, Heckyln and DataWeave.
They are in huge demand by the above mentioned corporations and startups. The salary prospects are high, ranging between 5 lakhs to 1 Crore. The huge demand indicates how their role transforms the organization into a more successful and profitable one. These scientists (the Big Data wranglers) assist the organization in making smart and logical decisions, increasing the business profitability and assisting them to travel on the path of growth and development.
The job position as a data scientist can be a full-on transformation for an individual in his or her career. A career in the field of data analytics is an extremely promising field and will result into a challenging, rewarding career. The data scientist profession is the hottest career option in your lifetime. Pursue it and enhance your career.