Data Science jobs are seeing huge growth globally for more than one reason. The growth of the internet is leading to the generation of huge amounts of data every year. Exploding topics mentioned an estimated 328.77 million terabytes of data is created every day accounting for 120 zettabytes of data each year. Moreover, the increase in technological advancement is further fueling data science operations making it complex and difficult to process. Therefore, organizations across all industries are looking to hire skilled data science professionals to help them extract meaningful insights from data. If you are confused about getting into a data science career, then here we will talk about 5 compelling reasons why you should consider data science as a career in 2024.
Why choose data science as a career in 2024?
So let us have a look at the top reasons for making the data science career the most lucrative one in 2024.
1. Increase in demand for data scientist
As mentioned earlier, the data science industry is growing at a huge rate. In 2024, this industry will be evolving even more because of the introduction of Artificial Intelligence and machine learning technologies. Also, organizations need professionals having expertise in data science skills to process and analyze huge amounts of data the organizations are collecting on an everyday basis. Every organization wants to leverage the power of data science in benefitting their business operations and enhancing their customer experience. So, in 2024, we can definitely expect an increase in the demand for data scientists.
2. Lucrative salary packages
The annual average salary of data scientists in the USA according to Glassdoor is $144,186. The salary ranges from $139k – $235k. Companies like TCS, Bank of America, Flatiron Health, etc. pay great salary packages to data scientists. So, for someone looking to start their career with a huge salary package, data science can be a great option.
3. Work front
As perceived, a data scientist career doesn’t only involve working with data all the time. Data Scientist job is a multidisciplinary job that involves using mathematics, computer science, as well as business knowledge. Therefore, data science professionals need to be proficient in all these three. The data science jobs consist of several profiles that contribute to building a successful data science project. From data engineers to data analysts, everyone has an important role to play. As a student, you must choose a role that best matches your career goals and aspirations. In the following section, we will list out some of the best data science roles you can choose from.
4. Huge Market size
The data science market is expected to grow at a CAGR of 14.9% to reach a market value of $624.27 billion by 2032. This is because all industries now have access to huge data that they want to convert into meaningful insights and drive business growth. They want professionals who can assist them in data-driven decision-making. So, when the market and data science job opportunity is growing, then why won’t data science be the top career option on your list?
5. Increase in governance and data science ethics
Data science is a field that has to deal with huge amounts of confidential data of businesses and their customers. Therefore, there is an absolute need for data governance, safe handling, and securing of this massive important data. Countries have already incorporated several measures such as GDPR, CPA, etc. to keep the data protected. In the future, the measures need to be more vigilant. And demand for professionals will be on the higher side.
These are some of the most compelling reasons why you must choose a data science career in 2024.
Top data science roles
If you are confident about getting into some of the best data science jobs, then you must be familiar with the different job roles that the data science industry offers. Here is a list of some of the best data science job roles you can choose from in 2024:
- Data Scientist – They analyze and interpret data to draw insights and build models from the data to assist in data-driven decision-making.
- Data Engineer – Design, build, and maintain data pipelines which are helpful in ensuring correct data are available for analysis
- Data Architect – They define the structure of data systems and look after its integration to support the organization’s data needs
- Business Intelligence Developer – Business Intelligence Developers are responsible for developing tools and preparing reports to help businesses access and visualize data properly
- Data Analyst – They do the analysis of data that includes identifying trends, and patterns, drawing conclusions, and generating actionable insights.
- Machine Learning Engineer – They help in designing and developing machine learning models and algorithms
- Business Analyst – Evaluate business processes by identifying areas of improvement and recommending the best business solutions
- Data and Analytics Manager – They are responsible for overseeing entire data-related projects and managing the data science team
- Data Storyteller – They communicate data-driven insights in an easy to understand narratives and visuals
- Data Visualization Specialist – Data Visualization specialists convert insights into beautiful and intuitive visuals that can be understood even by non-technical stakeholders
- Data Privacy Analyst – They ensure organizations comply with the data privacy regulations and follow the best practices to protect sensitive data.
Top Skills required in data science
Now, you must have knowledge and experience of these top data science skills to land a job in above mentioned roles:
- Programming languages such as Python, R, C, SQL, etc.
- Statistics and Probability
- Machine Learning
- Data Visualization
- Cloud Computing
- Natural Language Processing
- Computer Vision
Conclusion
A Data Science career is an exciting as well as challenging field that offers lucrative salary packages to professionals. In 2024, the demand for these skilled data science professionals will only be increasing. Not only that, the WEF report has ranked data science jobs as the fifth fastest-growing job in the world. These reasons are enough to say it is among the best career options to choose in 2024. If you are willing to get into this path, we recommend enrolling in some of the best data science certifications learning the required skills, and starting your career in data science.
