Data science and machine learning professionals are career optimistic - 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 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.
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.
Table of Contents
- 1 Job Roles Available for Data Science and Machine Learning Professionals
- 2 Why Data Science and Machine Learning Professionals Are Optimistic
- 3 Benefits of Choosing a Career in Data Science and Machine Learning
- 4 Skills Required for Data Science and Machine Learning Professionals
Job Roles Available for Data Science and Machine Learning Professionals
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:
- Machine Learning Engineer
- Business Intelligence Developer
- Software Developer
- Natural Language Processing (NLP) scientist
- Computational Linguist
- Data Scientist
- Data Engineer
- Marketing Analyst
- Business IT Analyst
- Data Architect
Why Data Science and Machine Learning Professionals Are Optimistic
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.
As per a report, there were over one lakh job opportunities 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.
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 eleven million job openings in the field by 2026.
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.
Benefits of Choosing a Career in Data Science and Machine Learning
So, why choose data science as a career option? Let’s look at some of the major benefits of being a data science and machine learning professional.
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.
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.
- Data scientist - INR 10,00,000
- Machine learning engineer - INR 9,00,000
- Software developer - INR 6,50,000
- NLP data scientist - INR 18,65,343
- Business Intelligence developer - INR 6,97,494
- Data architect - INR 20,83,719
- Computational linguist - INR 40,00,000
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.
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’t tied to one particular field.
Skills Required for Data Science and Machine Learning Professionals
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:
- Problem-solving intuition
- Analytical and critical thinking
- Business sense
- Mathematics and statistics
- Cloud computing
- Data visualisation
- Data wrangling
- Machine learning
- Deep learning
- Business Intelligence tools
To acquire these skills, you will need to complete a certification course in artificial intelligence and machine learning. You can opt for such courses after completing your bachelor’s or master’s certification.
While there are tons of courses out there, we recommend you check out Certification in Artificial Intelligence and Machine Learning offered by E&ICT academy, IIT Guwahati. Some of the program highlights include:
- Industry-approved curriculum
- Real industry projects
- Certification by IIT Guwahati
- Live online training
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.
Want to learn Machine Learning IIT AI Course? Feel free to contact our chat support. Alternatively, you can also visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon. We would be more than happy to serve you.