Data science is a popular and lucrative profession, and despite pandemic-era slowdowns, it’s still one of the sexiest jobs around. As businesses seek to employ the power of data to increasingly digital commerce, companies across industries are on the lookout for data scientists and vice versa.
These data-powered professionals have a lot to offer. From manufacturing to hospitality, data scientists can bring invaluable insights that transform the ways we conduct business, leading to greater solutions and cost-reduction opportunities. While career growth may shift by industry and economic activity, the rise of data science is on an overall upward trend. By analyzing this trend, we can observe where opportunities may be most widely available and how data scientists can make the most of these shifts.
With Glassdoor ranking data science as the #2 job in America for 2021, exploring demand trends within the field can only lead to beneficial insights. After all, finding patterns and observing correlations are exactly the skills that make these data professionals so valuable in business. Understanding why the field of data science is growing will help to see where data scientists can make the most of their opportunities.
Why data science is a growing field
Data scientists wrangle and analyze structured and unstructured data sets to produce actionable plans that businesses can apply to greater success. Using their programming, machine learning, risk analysis, and research skills, these professionals make the world of data comprehensible for everyone else on a team. With all the benefits inherent in the clarity this provides, it is no wonder data science has consistently ranked as one of the best jobs in America.
Data science is and has been on a roll since tools like artificial intelligence became more accessible to businesses. AI allows companies to scale with unprecedented levels of insight, all made possible through the vast amounts of data collected daily for the worldwide web. By 2025, experts predict that 163 zettabytes of information will be generated, an incredible number prompted by the explosive growth of connected devices and enhanced networks. For data scientists, this means new avenues for streamlining business processes.
And the sources of big data only keep on growing. Innovations like the 5G revolution for wireless technology make data collection and application easier than ever before, allowing for more Internet of Things (IoT) wearables, monitors,…
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