Data science is a multi-disciplinary field that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from structured and unstructured data. Data science is the same concept as data mining and big data: "use the most powerful hardware, the most powerful programming systems, and the most efficient algorithms to solve problems".
According to IBM, there is a predicted increase in the data science job openings by 364,000 to 2,720,000.
Currently the fastest-growing roles are Data Scientists and Advanced Analysts, which are projected to see demand spike by 28% by 2020.
The job of Data scientist has become a new trend across the world, as the Data-driven decision making is increasing in popularity. Each and every company no matter how small or big they are, looking for employees who can understand and analyze the data.
According to Glassdoor, the national average salary for a Data Scientist is INR 6,50,000 in India and the national average salary for a Data Scientist is $1,20,931 in the United States coming to Europe, national average salary for a Data Scientist is €52,000. These salaries are much higher compared to other jobs.
But there is currently a massive talent gap in data science, as the number of data professionals increases over the coming years, companies will be looking for people with more specialized skill-sets.
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