If you are even vaguely familiar with computers, you have heard of data science. You have probably wondered, “what is data science and how is it helpful or even necessary?” Read this article if you have pondered this. You’ll learn about data science and the jobs available in this promising and quickly growing industry.
What does mean Data Science?
We live in the digital age which is also the age of knowledge or information. Professionals are discovering more and more knowledge at unprecedented rates. The problem is that most of this data is discovered randomly. Because data is useful only when it is grouped together using meaningful algorithms, data science is necessary.
Data science combines many traditional math and computer science tools, algorithms, and artificial intelligence learning capacities. It is able to find patterns and meaningful information hidden in data to arrive at conclusions that can lead to more profit and a stronger customer base for companies, or to breakthrough discoveries in the field of science.
Career options in data science
Data science is a vast field that is growing fast. This means there are many career paths available. The best part is that these are challenging and long-term opportunities with lots of pay and promise. Some of them are discussed below:
Business Intelligence Developer
The average salary for this professional is $89,333 per year. These professionals need to have an extensive background in business and other industries. This generally means they need to have an MBA and business experience. This is necessary since they may well be developing statistical data models that will allow product managers to analyze customer purchases for buying patterns and behavior. This information is necessary to formulate the marketing strategies that sell and bring in customers and revenue.
Data Architect
These professionals earn at least $137630 a year. Some very talented and experienced data architects can earn more than some general practitioners (doctors) do! Data architects do exactly what their title says – they build the data models and solutions that are needed for business people to analyze data and design solutions to improve business performance and operations.
Enterprise Architect
Enterprise Architects bring an annual paycheck of $161,272. They work with the board of directors, shareholders, and top management to build the business solutions that will help these business people analyze information and data for useful patterns and trends which can be used in decision and strategy making.
Importance of Data Science
Data science is here to stay because this world is becoming increasingly digitally and globally integrated. Since it’s a vital part of professional life, many lucrative career options and paths are opening up. Some of them are more extensive than the ones mentioned above!