With the emergence of data science, the present business domain has become logical like never before. They now correlated occurrences and events rationally to identify the cause of problems and come up with possible solutions. As a massive amount of data is being generated by organizations, the search for skilled data scientists has increased exponentially.
There’re lots of people who closely associate data with privacy issues, data leaks, and profit maximization techniques. Also, terms like data science, analytics, statistics, databases etc are ones that most people associate with the professional world exclusively. However, all these and many of their associated ones aren’t meant for data science professionals only. In reality, most people experience the role of data science in their day-to-day lives and in almost every situation. From new friend suggestions by Facebook to Google’s help to complete a search phrase to television shows predicted by Netflix in accordance to your preferences, and many more – data science is being used by common people in almost every situation.
The data scientist is considered as the best job in the USA for 2019 with $108,000 as a median base salary, plus an attractive number of predicted openings. According to the prediction made by the IDC (International Data Corporation), in 2020, worldwide revenues for business analytics and big data will reach over $210bn. These statistics are more than enough to motivate someone to learn data science. If you need some more reasons to learn data science, it’s associated with a huge number of new applications and industries that emerge from the judicious use of massive amounts of data. From self-driving cars and robots, bioinformatics, speech recognition to object recognition, neuroscience, and many more – data science is central to the entire organization dealing with any of these.
It’s a well-known fact that data science is one of the most attractive career options these days, thanks to the hype revolving around the data scientist job position. It has triggered increased interest in the data science field from both working professionals and those entering college. To deal with the increasing demand for data science professionals, a lot of institutions have started offering a data science master’s degree. If you too are planning to obtain such a degree, here’re ten facts you should consider before committing your time, effort, and money.