SSOU

School of Data Science

As the world entered the era of big data, the need for its storage also grew. It was the main challenge and concern for the enterprise industries until 2015. The main focus was on building framework and solutions to store data. Now when Hadoop and other frameworks have successfully solved the problem of storage, the focus has shifted to the processing of this data. Data Science is the secret sauce here. All the ideas which you see in Hollywood sci-fi movies can actually turn into reality by Data Science. Data Science is the future of Artificial Intelligence. Therefore, it is very important to understand what is Data Science and how can it add value to business. Data Science is a field that covers data cleansing, preparation, and analysis. It is an umbrella term that includes several scientific methods, such as mathematics, statistics, and many other tools scientists apply to extract knowledge from data sets.

According to International Data Corporation (IDC), a technology research company, global data analytics and big data market is likely to reach USD 57 billion by 2020 with a CAGR of 23%. This also means that there is going to be a bigger gap in demand and supply of data scientists, including professionals for information management, software development, data analytics, artificial intelligence and data discovery. Hence, Python, R, SAS, Machine Learning etc. have become the most sought after skills.

According to Glassdoor’s Best Jobs in America list in 2016 and 2017, with 4,84 positions were available and with a median base salary of $110,000. DevOps engineer came in second, with a median base salary of $110,000 and 2,725 job openings. Data engineer rounded out the top three, with 2,599 job openings and a median base salary of $106,000. The average salary for a data scientist with fewer than five years’ experience in 2016 was $92,000.

The IT industry is expecting to add around 180000–200000 fresh job vacancies that are related to recent technologies like Data Science and Machine Learning. This job profile offers great opportunities to freshers who have the relevant skills and they have an extremely bright future ahead. As per TeamLease Services - a popular staffing solutions co. - by the year “2020, India will face a demand-supply gap of 2,00,00 data analytics professionals”