You must have heard that 'Data is the new Oil'. It is true.
In this technologically advancing world, we are producing more & more data each day. In fact, a study suggests that an average person generates around 1.7 MB of data every second. The cumulative effect of this is huge.
When we produce so much data, it is but obvious that the requirement for those managing this data will also increase. And that is indeed the case. With time, Data Science has emerged as a favourable career choice for students, owing to its exponential growth & increasing career opportunities.
It is hands down one of the best career options to choose for Engineering students. Let us explain why we say that.
The growing Data Science Sector
First things first, let's discuss the growth of the Data Science Sector. Since its conception, the Data Science sector has seen exponential growth. As per a report, in 2019, the world data science sector was valued at $3.93 billion. And though most sectors experienced a dip in their growth due to the pandemic, the Data Science sector experienced the opposite. Another report suggests that the sector grew by 40% from 2020.
The Data Science sector focuses on analyzing data to produce insights that aid algorithms and machine learning to generate accurate predictions and as we keep producing more & more data, the avenue for growth in the sector increases.
A plethora of Jobs Opportunities
Though Data Scientist is the most popular designation for Data science professionals, Data Science Engineers are eligible for more job opportunities in the sector. These engineers are employed across designations including Data Analysts, Data Engineers, Machine learning engineers, and Data science generalists.
Data manipulation & computation are an integral part of these job designations. The sector offers a plethora of jobs after Engineering graduation, each of which requires its own set of soft skills & interpersonal skills besides academic knowledge.
High demand & Low competition
Another important fact to encourage you to pursue Data Science Engineering is the increasing demand in the sector. As technology advances with time, the demand for professionals in the field is increasing. A study estimates an 18% increase in the Data Science job market.
Besides high demand, the sector boasts low competition across designations thus making it a preferred choice. Data Science Experts are required across industries & designations. As the world goes digital, this demand will further increase. Currently, many industries are educating & training individuals from other industries to fill in the requirement, but this method isn't feasible at all. That's why organizations are constantly looking for professionals to fulfil this requirement for professionals.
High Salaries
Last but not the least, Data Science Experts are well paid across industries. Data Engineers across the world are well paid with salaries higher than even Data Scientists at certain points. Over the years, Data Science Professionals have emerged as one of the highest-paid professionals in the world. The increasing demand for professionals adds to this aspect. Thus, Data Science Engineering is a smart choice even from a financial point of view.
Keeping in mind all these factors, it is safe to say that Data Science Engineering opens gates for a plethora of lucrative career opportunities for students that promise a bright future. And it should be a preferred career choice for any & all engineering students.
If you wish to make a bright career as a data science professional, you can start with an Artificial Intelligence & Data Science Engineering course provided by us. With an experienced staff & exceptional infrastructural facilities, we aim to provide you with nothing but the best education.
To know us better, you can visit us on - https://engg.kkwagh.edu.in/
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