Data science is the hottest tech field available today. The demand for Data Science job listings has seen a steady uptick over the last few years.
It is important for data science professionals to stand out in order to bag the job. Studies estimate that the Data Science industry will grow by at least 2x over the next five years. The growth will further be accelerated by certain changes that will impact the career fundamentals for data scientists.
Diverse set of roles
The biggest change that will happen in the Data Science industry is the roles. As more companies rely on data-driven teams, companies are looking to fill more data science positions. The problem is that nobody is clear about how divergent the roles can be. The industry suffers from inefficient hiring processes, which leaves employees disappointed.
In case of other roles, it is easy to distinguish between the roles. There is a difference between Mechanical and Product Engineers. The widespread adoption of Data Scientist has helped in bringing this field into prominence. As the role expands wider and deeper across industries, it can branch out into well-defined arms.
Non-tech companies
The hiring trend suggests that non-tech companies have higher demand for data scientists than pure-tech companies. In banks, the role of analyst is being replaced by a 'Data Scientist'. With the enormous amount of data available today, this has been increasing exponentially.
India's IoT market alone will clock 2 billion installations by 2022. As more devices come online, there will be improvements in the hardware. At the same time, these connected devices will collect massive amounts of data.
Value creation
Data science will add a lot of value to your career. There is no hierarchy in data science roles. Which has helped in widening the salary range. This means that your career is open-ended. You have a chance to move around and take jobs according to your interest. Salaries in data science are linked to your skills and not overall years of experience.
