As far as data science is concerned, there is a wide scope in this industry in India. According to 2018 estimates, the number of vacancies was 2.9 million. Experts hope that demand will continue to rise down the road. And companies will hire more data scientists in the future.
India is the hub of the information technology and software industry. The degradation of traditional IT websites due to automation has revolutionized India. This is the age of data and requires professionals to adopt new changes for better sustainability. Read on to find out more.
Data science: a lucrative future career
The field of data science is rapidly emerging in India. Many startups focus on related technologies. And most of them adopted the new changes. So, the range in this area is quite impressive in India. This provides a great opportunity for those students who are already in this field of science.
Here, it is important to keep in mind that DS has a steep learning curve, which consists of several core disciplines, such as computer science, statistics, and mathematics. So, if you want to become a scientist, make sure you do your best to become skilled in this field.
The importance of mathematics and statistics
Since this is a new field, most people do not have the experience required. Unlike the US, India is far behind in this sector. Therefore, most people do not have data science degrees. Alternatively, they possess degrees in other fields, such as mathematics or computer science.
Since there are not enough data scientists, companies are always looking for more of these professionals. Many startups have popped up in the country that are looking for these experts.
As per recent survey reports by The Hindi, there are around 97,000 data analytics vacancies in India. Over the past year, the rise of these companies has resulted in a sharp rise in jobs of more than 40%.
Data science commands a high salary
In India, there is a huge gap between supply and demand for these experts. This discrepancy is due to the lack of supply of these pros across various industries. Apart from this, the steep learning curve has greatly increased the income of data scientists.
Therefore, these scientists earn a lot more money than their counterparts in other IT jobs. For example, a good professional in India has an annual salary of €650,000. The good thing is that this is higher than the national average for professionals in other fields, such as software engineers.
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Long story short, India has a huge scope for data scientists. You may have read about the factors that increase the demand for these professionals in India. So, if you are looking forward to getting training in data science, we suggest you to choose a good institute for this. This will ensure that you have the skills and training required to become an expert in this field. I hope this helps you.