Breaking the Data Science Myths For a Better Career!

Data Science is a scientific discipline that employs algorithms, statistics, processes, and analysis to gain insights and understand in-depth unstructured data. Data Science is a very useful branch of science which is becoming widely popular among organizations.

It helps predict results and makes decisions in a variety of tasks. Data Science involves machine learning principles and analytics to understand patterns and find information.

Data Science Career

Data Science, as a field, evolved after the 90s. Today, it is a widely adopted and used AI platform. Data Science career is becoming a hugely in-demand profession globally.

And as with many other popular jobs, the job of a data scientist is also associated with a lot of myths. But myths are natural. Any attractive thing induce thoughts and beliefs in people’s minds and these can result in myths.

If you are looking to build a career in Data Science, you need to uncover the myths related to this profession as myths can impact your career choices. In this article, we will burst the common myths of Data Science.

No compulsory Ph.D. required
Yes, you read that right! A doctorate is not mandatory for the role of a data scientist. The data scientist profession is divided into two parts – Research and Applied data science. If you are looking to pursue a career as an applied data scientist, then all it requires is the knowledge of basic applications of techniques, the functioning of algorithms, and an in-depth understanding of this field.

However, if you want a research role, then it is good to have a Ph.D. as it will involve working on research papers, creating new algorithms, etc.

Online courses or Part-time degree are acceptable
Contrary to the popular belief, a person need not have a full-time data science degree to pursue a career in data science. There are many online data science courses, part-time or correspondence degrees available that equip you with the knowledge required to pursue this career. All you need is the right skill-set and passion for the field of data science.

Background in Specialized Subjects is not necessary
Data Science is a combination of different subjects like Programming, Communication, Computer Science, and Mathematics. It is important for data scientists to possess knowledge of all these subjects, as each of them plays a major role in a successful data scientist career. Programming is needed to understand data hierarchies and develop algorithms.

Communication is needed to reach out to people and convey them useful information in an easy-to-comprehend manner. Mathematics is needed to deal with structures, models, and designs. Computer Science is needed to incorporate different strategies and plans in the projects. However, one need not have a background in any of these subjects to become a data scientist. A good understanding of all these sectors is enough for a fruitful data science career.

Related Previous Work Experience is not required
Anyone with work experience in any technology related to the field of data science is enough to build a career as a data scientist. One can also step into this field without any relevant technological experience. However, in that case, you will start with the beginner level.

One must equip themselves with the domain knowledge and skills required for this role to become a successful data scientist.

SP Jain Fintech Certification Your Career Needs!

The modern world is revolutionized by technology and much of its services are taking the digital route. Financial systems have also gone through a similar makeover. And, technology and finance have integrated to form fintech. Notably, fintech disrupts traditional financial structures and brings in the integration of technology into the financial structure through software or a digital ecosystem. 

Currently, India has one of the highest adoption rates. The value of digital payments in India was $65 billion in 2019 and it is expected to grow at a CAGR of 20 percent by 2023. So, without much further ado, let’s get into the important and interesting field of fintech and how a Fintech Course is just what you need to give a boost to your career. 

Fintech certification Course

Current uses of fintech

Currently, fintech is in high demand in the job market. Fintech is integrated with several other technologies like artificial intelligence, data analysis, blockchain, and robotic process automation. These technologies can help to identify fraud, measure credit scores, streamline workflows, and secure cryptocurrency transactions and storage.

As the world is moving towards digitalization, applications of fintech are increasing and entering into areas like crowdfunding platforms (Kickstarter), regulatory technology, insure-tech, and mobile payment platforms. 

Benefits of fintech career

There are numerous benefits of pursuing a fintech career: 

Finance Technology – The Future:  With the rising tide in this sector, a fintech course is the present and will remain as the future of the industry. With the world changing in every aspect and the invention of new technologies, fintech will start evolving more and more.

So, planning a career based on the future can be the right move with the minimal risk of failure. As per a 2017 report, 95 percent of financial services were looking for a partnership with fintech. And, India also has the highest ROI in investments in the fintech industry (going up to 29 percent, which is higher than the global average of 20 percent). 

The abundance of jobs: Fintech is one such sector in the job market that has a wide number of job opportunities. Apart from having a stable job, one gets to navigate the numerous sections of this niche. A fintech career can help you get jobs in several roles.

You can opt to become a fintech innovation consultant. Under the role of a fintech innovation consultant, you can take up several areas to work on. You can work as a marketing consultant or a strategy consultant which will help you promote or integrate startups with fintech solutions. 

You can also take up techno-functional analyst roles to analyze existing problems within a structure where important financial data is being transferred to the finance team. Fintech innovators can also act as consultants to help manage risk and develop innovative solutions to seamlessly integrate fintech and startup managements.

Besides, you can take up the role of a product manager who would use innovative concepts like integrating DevOps and Scrum into the system and set the direction for startups to optimize their costs and increase productivity.

Another role of any fintech specialist could be UI/UX designing. Since it is important for a website to be intuitive and optimized for any customer engaging with the fintech ecosystem, a proper UI/UX design can help build that relationship and promote a healthy fintech ecosystem to work with. 

Job security due to a variety of interdisciplinary subjects: One of the most important things essential in a job is the security it gives. All the career choices in the fintech sector have high job security with exceptional perks and benefits.

This is because the role of a fintech specialist involves an understanding of AI and ML systems, blockchain, and data analysis. All these specializations are booming in the current tech world. So, fintech specialists can be quite flexible with their job options. 

Fintech course by Imarticus

Imarticus Learning in collaboration with SP Jain School Of Global Management has come up with an excellent course specially customized and tailored for students who wish to make a career in fintech.

SP Jain Fintech Certification CourseThis sophisticated yet simple Fintech course gives students a substantial grasp from the very basic roots to the advanced features of fintech. Specialized subjects like cloud computing, blockchain, and artificial intelligence (AI), are taught to students so that in the future they can implement them in real-life applications. 

With a great future ahead, fintech is turning out to be a lucrative career option. So, why not take a chance to grow in this brilliant field with cutting-edge technology and shine in life. Wait no more, become a part of Imarticus, and be ready for the future.