Yes, Data science is a rising career if you look at a career in terms of job trends in relation to growth. Stats show that the US could potentially have as many as 250,000 open data science jobs by 2024 and that the data science skills gap will mean that companies are scrambling to train or hire talent in the coming years. The reasons why data science is such a fast growing job are due to the following reasons: |
The amount of data has skyrocketed. Due to the fact that the amount of data has grown exponentially, so has the need for people that can read and analyze it. Data driven decisions are more profitable. Ultimately for many companies and organisations, data is not useful unless it is beneficial which it certainly is in different ways. Data not only helps companies make better decisions but those decisions also usually come with some financial gain. A study by the Harvard Business Review found that companies in the top third of their industry in the use of data-driven decision making were on average 5 percent more productive and 6 percent more profitable than their competitors. A company does not have to rely on the decision makers intuition or gut instinct, data allows for decision making based on the numbers alone. If data can make companies more profitable and competitive in the market, that is definitely a reason why more companies hire employees that can interpret the data and put it in layman’s terms, so that the team can understand how to move forward. As bootcamps and online programs try to fill this gap, businesses may find themselves competing for talent in the coming years.
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