Big data has transformed businesses, giving them a competitive advantage. They require specialist personnel to handle, manage, analyze, and interpret data. There’s a significant gap between demand and supply for data scientists and an urgent need to hire additional personnel. Here are some persuasive reasons why you should undertake a career in this field:
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Supply and demand
There is an enormous amount of data, yet there aren’t enough people with the requisite experience to help firms realize the benefits of data. As a result of this, data scientists are scarce.
Much of this is due to the relative immaturity of the field. Data science is not a distinct discipline divided into various sub-fields such as computer science, mathematics, and statistics. Data science has a steep learning curve and is challenging to master. However, anybody can become an expert with the proper materials and guidance.
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Data-driven industries are the future
The key to the future is big data and data science. Industries are becoming data-driven, and new ideas are being developed daily. The area of technology has evolved, and as more people engage with the internet, more data is created.
Industries need data scientists to help them make better decisions and create better products. Data is perceived as the power of current devices and applications that give them autonomy, and data has latent potential that must be utilized to create valuable goods. Thanks to the advancement of machine learning technology, it is now feasible to forecast and intelligently categorize information.
With the advent of natural language processing and reinforcement learning, similar platforms can now be built in the modern world. While the subject of data science is vast, its benefits are much larger. As technology evolves and changes rapidly, new technologies are displacing older ones, necessitating adaptation.
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A profitable profession
The average income for a data scientist is $120,482 per year, according to Glassdoor. This is greater than the national average of $44,564. As a result, a data scientist earns 163% more than the national average.
Data science is a lucrative professional path, primarily due to scarcity, which has resulted in a massive revenue bubble. Since data science necessitates proficiency and understanding in various subjects, the learning curve is relatively high, leading to a high market value. Paired with many open positions in data science, it makes it an untapped gold mine.
If you’re looking to grow your skills in this field. In that case, Sunway University offers a Master of Data Science online Malaysia, led by a group of dedicated academics and industry specialists with real-world data science application expertise. You will receive a thorough grasp of data science principles, theories, and techniques, as well as the knowledge and understanding of how to apply them to advance your career and expand your business opportunities.
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Potential to improve the world
Big data and data science are more than just business intelligence tools. Various charitable and social groups use data to build social benefit products. The worldwide refugee crisis has become a concern that has resulted in numerous fatalities and displacements. It will assess and make decisions to support and enhance the lives of displaced individuals based on gender, age, income, skills, and health data.
Another important application of data is in medical and healthcare. Various healthcare businesses utilize data from the past to forecast ailments and aid in early diagnosis. Deep learning algorithms in data science have made it feasible to detect cancers and other problems at an early stage of diagnosis.
Several healthcare organizations are also leveraging data to help doctors better know their patient’s well-being.
Data science assists genomic companies in studying pharmacological effects on genetic concerns, examining genetic sequences, and generating novel treatments to battle illnesses.
In general, data science plays a vital role in supporting governments and policymakers in making better decisions.
Get an online certification on data science
Data science transforms raw data into relevant solutions that organizations can utilize to develop insights and identify market trends. With a scarcity of skilled data scientists and a rapid demand growth, a massive pay bubble has made this a profitable vocation.
Sunway University Online Master of Data Science program will equip you with the technical knowledge and the business understanding needed to prosper in a data-driven environment.
Learn the skills to thrive in the data-driven world with Sunway University’s Master of Data Science Course. Gain expertise in data analysis, machine learning, and more to excel in this lucrative and impactful field.
