{"id":247779,"date":"2022-07-21T05:38:44","date_gmt":"2022-07-21T05:38:44","guid":{"rendered":"https:\/\/imarticus.org\/?p=247779"},"modified":"2022-08-26T08:42:11","modified_gmt":"2022-08-26T08:42:11","slug":"data-science-and-machine-learning-professionals-are-career-optimistic-the-statistics-show-why","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/data-science-and-machine-learning-professionals-are-career-optimistic-the-statistics-show-why\/","title":{"rendered":"Data science and machine learning professionals are career optimistic &#8211; The statistics show why."},"content":{"rendered":"<h1><span data-sheets-value=\"{'1':2,'2':'Data science and machine learning professionals are career optimistic - The statistics show why.'}\" data-sheets-userformat=\"{'2':14782,'4':{'1':2,'2':16777215},'5':{'1':[{'1':2,'2':0,'5':{'1':2,'2':0}},{'1':0,'2':0,'3':3},{'1':1,'2':0,'4':1}]},'6':{'1':[{'1':2,'2':0,'5':{'1':2,'2':0}},{'1':0,'2':0,'3':3},{'1':1,'2':0,'4':1}]},'7':{'1':[{'1':2,'2':0,'5':{'1':2,'2':0}},{'1':0,'2':0,'3':3},{'1':1,'2':0,'4':1}]},'8':{'1':[{'1':2,'2':0,'5':{'1':2,'2':0}},{'1':0,'2':0,'3':3},{'1':1,'2':0,'4':1}]},'10':2,'11':4,'14':{'1':2,'2':921626},'15':'Calibri','16':12}\">Data science and machine learning professionals are career optimistic &#8211; The statistics show why.<\/span><\/h1>\n<p><span style=\"font-weight: 400;\">Advanced technologies like artificial intelligence and machine learning have grown rapidly in recent years. They are expected to grow further in the upcoming years at the same lightning speed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per a <\/span><a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/artificial-intelligence-ai-market\"><span style=\"font-weight: 400;\">forecast<\/span><\/a><span style=\"font-weight: 400;\">, the artificial intelligence market is expected to grow at a Compounded Annual Growth Rate (CAGR) of thirty-eight percent from 2022 to 2030. The adoption of artificial intelligence and machine learning can be seen across various sectors like healthcare, finance, automobile, and finance, to mention a few.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This will give rise to the demand for data science and machine learning professionals in various job roles across these sectors. Individuals having the skills and expertise in artificial intelligence and machine learning will be recruited from the junior-most to the senior-most levels on a large scale.<\/span><\/p>\n<h2><strong>Job Roles Available for Data Science and Machine Learning Professionals<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">As stated earlier, there is a myriad of job roles available for data science and machine learning professionals in various industries. Some of the job roles include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Machine Learning Engineer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business Intelligence Developer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Software Developer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Natural Language Processing (NLP) scientist<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Computational Linguist<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data Scientist<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data Engineer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Marketing Analyst<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business IT Analyst<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data Architect<\/span><\/li>\n<\/ul>\n<h2><strong>Why Data Science and Machine Learning Professionals Are Optimistic<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">We are living in a world of big data. The amount of data produced is increasing with each passing day. It is estimated that the volume of global data will reach 180 zettabytes by 2025. There will be a huge demand for professionals who can handle, manage, and convert this huge volume of data to derive actionable insights that can help businesses enhance and expand their operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per a report, there were <\/span><a href=\"https:\/\/timesofindia.indiatimes.com\/home\/education\/news\/data-science-jobs-that-are-set-to-be-in-demand-in-future\/articleshow\/89263324.cms\"><span style=\"font-weight: 400;\">over one lakh job opportunities<\/span><\/a><span style=\"font-weight: 400;\"> in the data science domain in India in June 2021. Data science jobs witnessed a forty-seven percent increase in requirements in 2021 compared to 2020. This is despite the COVID-19 scenario.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another report has monitored the continuous rise of artificial intelligence and machine learning. It found out that data science jobs have witnessed a tremendous six hundred and fifty percent growth since 2012. The rise is set to continue in future years. It is estimated that the growth of data science will create more than<\/span><a href=\"https:\/\/hr.economictimes.indiatimes.com\/news\/industry\/11-5-million-data-science-jobs-will-be-created-globally-by-2026-report\/87800256\"><span style=\"font-weight: 400;\"> eleven million job openings<\/span><\/a><span style=\"font-weight: 400;\"> in the field by 2026.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These trends, therefore, indicate that now is an opportune time to start a career in data science. Thus, you will be required to acquire the requisite knowledge, expertise, and skills in artificial intelligence and machine learning domains.<\/span><\/p>\n<h2><strong>Benefits of Choosing a Career in Data Science and Machine Learning<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">So, why choose data science as a career option? Let\u2019s look at some of the major benefits of being a <strong><a href=\"https:\/\/imarticus.org\/postgraduate-program-in-data-science-analytics\/\">data science and machine learning professional<\/a><\/strong>.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><b>Ever-Increasing Demand<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As stated earlier, the demand for data science, artificial intelligence, and machine learning professionals is only expected to increase further in the future. Thus, there will be no shortage of jobs in this field.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><b>High Salaries<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Data science and machine learning professionals earn handsomely, irrespective of their job position, experience, and organisation. Some of the average annual salaries in different job roles are discussed below.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/data-scientist-salary-SRCH_KO0,14.htm\"><span style=\"font-weight: 400;\">Data scientist<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; INR 10,00,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/machine-learning-engineer-salary-SRCH_KO0,25.htm\"><span style=\"font-weight: 400;\">Machine learning engineer<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; INR 9,00,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/software-engineer-salary-SRCH_KO0,17.htm\"><span style=\"font-weight: 400;\">Software developer<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; INR 6,50,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/nlp-data-scientist-salary-SRCH_KO0,18.htm#:~:text=Data%20Scientist%20(NLP)%20Salaries%20in%20India&amp;text=The%20national%20average%20salary%20for,%E2%82%B918%2C65%2C343%20in%20India.\"><span style=\"font-weight: 400;\">NLP data scientist<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; INR 18,65,343<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/business-intelligence-developer-salary-SRCH_KO0,31.htm#:~:text=The%20national%20average%20salary%20for,by%20Business%20Intelligence%20Developer%20employees.\"><span style=\"font-weight: 400;\">Business Intelligence developer<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; INR 6,97,494<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/data-architect-salary-SRCH_KO0,14.htm#:~:text=Data%20Architect%20Salaries%20in%20India&amp;text=The%20national%20average%20salary%20for,Glassdoor%20by%20Data%20Architect%20employees.\"><span style=\"font-weight: 400;\">Data architect<\/span><\/a><span style=\"font-weight: 400;\"> &#8211;\u00a0 INR 20,83,719<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/computational-linguist-salary-SRCH_KO0,22.htm#:~:text=The%20national%20average%20salary%20for,%E2%82%B940%2C00%2C000%20in%20India.\"><span style=\"font-weight: 400;\">Computational linguist<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; INR 40,00,000<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Thus, we can see that data science and machine learning professionals are some of the best-paid individuals. In addition to such fat packages, they are also entitled to bonuses, incentives, paid vacations, stock options, and other perks, depending upon the organisation.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><b>Versatile Field<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Professionals can find job opportunities in various sectors like manufacturing, retail, eCommerce, and healthcare. They can also switch easily from one field to another if they want to explore other domains. Thus, unlike most other career paths, data science and machine learning professionals aren\u2019t tied to one particular field.<\/span><\/p>\n<h2><strong>Skills Required for Data Science and Machine Learning Professionals<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">To be successful, professionals need to possess certain skills that can help them excel in their work and enable them to climb the professional ladder quickly. Some of the skills include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Problem-solving intuition<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analytical and critical thinking<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business sense<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Communication<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mathematics and statistics<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Programming<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Leadership<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cloud computing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data visualisation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Calculus<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data wrangling<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Machine learning<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deep learning<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0DevOps<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business Intelligence tools<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">To acquire these skills, you will need to complete a <strong>certification course in artificial intelligence and machine learning<\/strong>. You can opt for such courses after completing your bachelor\u2019s or master\u2019s certification.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While there are tons of courses out there, we recommend you check out <\/span><a href=\"https:\/\/imarticus.org\/certification-in-artificial-intelligence-and-machine-learning-by-e-ict-iit-guwahati\/\"><span style=\"font-weight: 400;\"><strong>Certification in Artificial Intelligence and Machine Learning<\/strong><\/span><\/a><span style=\"font-weight: 400;\"> offered by E&amp;ICT academy, IIT Guwahati. Some of the program highlights include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Industry-approved curriculum<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real industry projects<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certification by IIT Guwahati<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Live online training<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The 9-month course will impart the foundational skills that can prepare you for diverse roles in the data science and machine learning domain. Individuals have landed lucrative job roles in top companies like Accenture, Wipro, HSBC, and Oracle, to name a few.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Want to <strong><a href=\"https:\/\/imarticus.org\/certification-in-artificial-intelligence-and-machine-learning-by-e-ict-iit-guwahati\/\">learn Machine Learning IIT AI Course<\/a><\/strong>? Feel free to <\/span><a href=\"https:\/\/imarticus.org\/contact\/\"><span style=\"font-weight: 400;\">contact<\/span><\/a><span style=\"font-weight: 400;\"> our chat support. Alternatively, you can also visit our training centers in <a href=\"https:\/\/imarticus.org\/mumbai\/\">Mumbai<\/a>, Thane, <a href=\"https:\/\/imarticus.org\/pune\/\">Pune<\/a>, Chennai, <a href=\"https:\/\/imarticus.org\/bangalore\/\">Bengaluru<\/a>, Delhi, and <a href=\"https:\/\/imarticus.org\/gurgaon\/\">Gurgaon<\/a>. We would be more than happy to serve you.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data science and machine learning professionals are career optimistic &#8211; The statistics show why. Advanced technologies like artificial intelligence and machine learning have grown rapidly in recent years. They are expected to grow further in the upcoming years at the same lightning speed. As per a forecast, the artificial intelligence market is expected to grow [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":246113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mo_disable_npp":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[1251,1850,2843,3618],"class_list":["post-247779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analytics","tag-machine-learning-career","tag-machine-learning-online-training","tag-best-artificial-intelligence-and-machine-learning-course","tag-data-science-and-machine-learning-professionals"],"acf":[],"aioseo_notices":[],"modified_by":"Imarticus Learning","_links":{"self":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/247779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/comments?post=247779"}],"version-history":[{"count":0,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/247779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media\/246113"}],"wp:attachment":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media?parent=247779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/categories?post=247779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/tags?post=247779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}