2022 Data science job trends, careers, and industry insights
Without data, everything is just an opinion. And business decisions are not made on opinion; they are made based on facts and details. This is where a data scientist enters the business realm.
But, what is data science exactly? Well, data science is the study of large volumes of data using advanced technology and programming tools to extract meaningful information from them. These data points serve as the foundation for making both primary as well as key and strategic business decisions.
Today, data scientists are quite high in demand in the job market. This can be primarily attributed to two reasons - the growing shift of businesses to the digital space and rise of the consumer behavioral analytics.
Suppose you also want to ride this wave of growth in the space of data analytics. In that case, you can learn data science by getting enrolled in our Certificate Program in Data Science and Machine Learning and saying yes to your data science career dreams!
Top Data Science Job Trends and Industry Insights 2022
If you aspire to make a career in the field of data science, you must keep your skill set and knowledge base updated for the following job trends in the domain -
- Demand For Data Scientists Increased by Over 30%
The demand for data scientists in India increased by 30.1% in April 2022, as compared to the last year. With this, India’s share in the global demand for data scientists increased from 9.4% in 2021 to 11.6% in 2022.
- BFSI Sector Emerged as the Biggest Employer for Data Scientists
In FY2022, the BFSI sector accounted for the highest demand (26.6% ) for data scientists in India, according to the latest Analytics India Magazine (AIM) report. After the BFSI sector, the e-commerce and internet space hired the largest number of data scientists in the country.
- Bengaluru - The New Hub For Data Scientists
The city of Bengaluru created the maximum number of Data Science jobs in India in 2022, with as many as more than 51,000 positions. This can be attributed to the city’s bent on the IT sector and the presence of several emerging startups and unicorns there. After Bengaluru, Delhi-NCR registered the highest number of data science jobs.
- Employers Prefer Engineers Turned Data Scientists
In 2022, the majority of Individuals who got hired for data science job roles belonged to the engineering stream. As high as 56% of them were engineering undergraduates, and 25.9% were engineering masters. Non-engineering undergraduates comprised 35.2% of the sphere, whereas MBAs accounted for 17.4% of the hires.
- Most Popular Data Science Designation - Business Analyst
As many as 39% of the data science jobs which were advertised in 2022 came with the designation of ‘Business Analyst’. The second-most popular title in the space, appearing in 34.6% of the job openings, has been that of ‘Data Engineer.’
A Sneak Peek into Data Science Careers
To bag a job in the data science domain, you need to have a good mix of both technical and non-technical skills.
Top Technical Skills For Data Science Career
Today, organisations are hiring individuals who are not only good at evaluating data using basic data analytics software but who can also automate them using augmented analytics technologies like Artificial Intelligence, Machine Learning, and Natural Language Processing (NLP) for real-time insights.
You must also be well equipped with programming languages like C++, Python, R, Java, and SQL and data visualization tools like Tableau to get your desired data science job. Knowledge of platforms like Hadoop and Apache Spark is also a plus.
Top Non-Technical Skills For Data Science Career
Just being technically sound is not enough; you must also possess the following non-technical skills to make a career in the field of data science -
- Analytical skills
- Ability to work and collaborate in a team
- Good communication skills to translate your understanding of data to the stakeholders
Data Science has been touted as the future of jobs, not only in India but all over the world.
According to the latest Mckinsey report, almost all organizations will become data-driven, becoming a default setting. This indicates that in the near future, the reliance on data and the need for data scientists will only be a steep upward curve. So, if you wish to make a career in this emerging and growing field, you must start now and get a data science certification in India.