A Complete Roadmap to a Career in Data Science
Last Updated : 04 Jul, 2023
The global data science platform market size was estimated at USD 4.89 billion in 2021 and is expected to reach USD 25.94 billion by 2026.
Data science is a rapidly growing field in India, offering exciting career opportunities for individuals with a lucrative pay package. With the increasing adoption of data-driven decision-making across industries, the demand for data scientists, machine learning engineers, and data analysts has surged in recent years. A Data Scientist with a mid-level experience earns up to a whooping salary of 23 LPA which only goes upwards with improved experience and skill upgradation.
The data science job market in India is thriving; numerous opportunities have opened up across various sectors such as IT, finance, healthcare, e-commerce, manufacturing, and consulting. Organisations are seeking data science professionals to extract comprehensible insights from large datasets to build predictive models and drive business growth through data-driven strategies.
Is Data Science A Good Career Choice?
Data Science offers a rewarding and promising career path. It combines technical expertise, analytical thinking, and problem-solving skills to address real-world challenges. The high demand, lucrative salary, growing industry, and potential for impact make data science an excellent career choice for individuals passionate about working with data and driving data-driven insights. Hence, it is a highly sought-after career choice for several reasons. Here are some key reasons why data science is a good career choice:
Data science professionals are in high demand across industries. Organisations of all sizes and sectors are increasingly relying on data to drive their decision-making processes. The ability to extract insights from data, build predictive models, and solve complex problems is invaluable in today’s data-driven world. There will be 11 million job openings in Data Science and Data Analytics by 2026 in India alone (Source: Times of India).
Data science professionals often enjoy attractive salary packages due to the high demand and scarcity of skilled talent. According to various industry reports, data scientists are among one of the highest-paid professionals globally. This makes data science an appealing career choice in terms of financial rewards.
Global Career Opportunities
Data science skills are in demand worldwide. This opens up opportunities for global career prospects, whether it’s working for multinational companies, collaborating on international projects, or even remote work opportunities. The global nature of the field allows professionals to connect with experts from different regions and gain exposure to diverse perspectives. Top corporations like Fortune 500 companies are increasingly hiring data science professionals.
The data science industry is growing rapidly and shows no signs of slowing down. Advancements in technology, increasing volumes and usage of data, and the adoption of artificial intelligence and machine learning are driving the demand for data science professionals. This growth translates into more job opportunities and career advancement possibilities.
Versatility and Flexibility
Data science skills are highly transferable across industries. Data scientists can work in diverse fields such as finance, healthcare, e-commerce, marketing, telecommunications, and more. This versatility provides opportunities to work on exciting projects in various domains, allowing professionals to explore a diverse career scope and more job opportunities.
Data science enables professionals to make a significant impact on businesses and society. By uncovering patterns, trends, and insights from data, data scientists help organisations make informed decisions, optimise processes, develop innovative products, and improve customer experiences. Data-driven insights have the potential to drive positive change and shape the future.
How Much Data Professionals Earn?
Here is a list of in-demand job roles that aspiring Data Science professionals can apply for along with an average salary package as per Indian market standards-
- Data Scientist: INR 6-12 lakhs per annum
- Machine Learning Engineer: INR 6-12 lakhs per annum
- Data Analyst: INR 3-8 lakhs per annum
- Data Engineer: INR 5-10 lakhs per annum
- Business Analyst: INR 4-9 lakhs per annum
Senior data science professionals earn up to 35 lakhs per annum to 50 lakhs per annum.
Data Science Roadmap
Pursuing a career in data science might seem like a daunting task but it’s no rocket science. Let’s have a look at what it actually takes to kickstart a career in data science.
A strong foundation in mathematics, statistics, and computer science would be beneficial to build a career in data science. Many professionals in the field hold degrees in fields such as computer science, statistics, mathematics, or engineering. However, individuals from diverse educational backgrounds can enter the field by upskilling themselves through online courses, boot camps, or specialised data science programs.
A Certification course in Data Science from DataSpace Academy will help you kickstart your journey in the field of Data and build a successful career in the domain. Taught by industry-leading experts, the course enables the students to take part in real-time projects that help them develop their hands-on skills and attain a competitive edge in the market.
A career in data science requires a combination of technical skills, domain knowledge, and problem-solving abilities. Proficiency in programming languages like Python or R is essential, as these are widely used for data analysis and machine learning. Additionally, knowledge of statistics, data visualisation, database management, and algorithms is crucial for effective data analysis and model development.
Data science is an evolving field. Therefore, to grow in this domain, you need to stay updated with the latest tools, techniques, and industry trends. Continuous learning through online courses, and engaging in collaborative projects can help data science professionals enhance their skills and stay competitive in the job market.
Industry and Career Growth
Data scientists are in high demand as organisations realise the value of data-driven insights. In India, this domain is expected to grow manifolds. With experience, these professionals can take on more senior roles or start their own consulting firms.
Data Science Community
Participate in meetups, conferences, and online forums where professionals network, share knowledge and collaborate. Being an active part of this community can help you form valuable connections and exposure to the latest developments in the field.
A career in Data Science offers an array of opportunities for individuals seeking a rewarding and impactful profession. As per the recent market reports, the demand for data science professionals is claimed to be at an all-time high. Although starting a career in data science may seem daunting, it is achievable. With the proper foundation and continuous learning, you can achieve a fulfilling career path.
Furthermore, the growing Data Science industry presents a plethora of job opportunities and career advancement possibilities. Data Scientists are making a tangible impact on businesses and society, driving positive change and shaping the future.