Today’s world produces 2.5 quintillion bytes of data every day, for which professionals are required who organize this huge amount of data to provide business solutions.
A professional who handles this huge amount of data is better known as Data Scientist in industry. According to Harvard Business Review data scientist, “is a high-ranking professional with the training and curiosity to make discoveries in the world of Big Data”. Therefore it comes as no surprise that Data Scientists are coveted professionals in the Big Data Analytics and IT industry.
With experts predicting that 40 zettabytes of data will be in existence by 2020, Data Science career opportunities will only shoot through the roof! Shortage of skilled professionals in a world which is increasingly turning to data for decision making has also led to the huge demand for Data Scientists in start-ups as well as well-established companies. A Global study states that by 2019 the US alone will face a shortage of about 190,000 professionals with deep analytical skills. With the Big Data wave showing no signs of slowing down, there’s a rush among global companies to hire Data Scientists to tame their business-critical Big Data.
A report by Glassdoor shows that Data scientists lead the pack for the best jobs in America. The report goes on to say that the median salary for a Data Scientist is an impressive $91,470 in the US and ₹622,162 and there are over 2300 job openings posted on the site.
On Indeed.com, the average Data Scientist salaries for job postings in the US are 80% higher than average salaries for all job postings nationwide, as of May 2019.
In India the trend is no different; as of May 2019, the median salary for a Data Scientist role is Rs. 622,162, according to Payscale.com.