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Demand for Data Scientist has increased in 2019. Why?
- By 2020 the number of Data Science and Analytics job listings is projected to grow by nearly 364,000 listings to approximately 2,720,000
- The fastest-growing roles are Data Scientists and Advanced Analysts, which are projected to see demand spike by 28% by 2020
- Jobs requiring machine learning skills are paying an average of $114,000. Advertised data scientist jobs pay an average of $105,000 and advertised data engineering jobs pay an average of $117,000
- Annual demand for the fast-growing new roles of data scientist, data developers, and data engineers will reach nearly 700,000 openings by 2020.
- Around 80% of companies are focussing highly on investing a large portion on creating better data analytics teams or professionals within their company to analyze the data effectively so that better strategies can be created for the future.
- Demand is very high and supply is not enough for the corporations.
- Data analytics help companies to make better decisions via analyzing the historical data and help them to reduce the cost and companies can make better strategies for future growth.