Data Science is a rapidly growing field that has become the backbone of several industries today. The field is a perfect blend of statistics, mathematics, and computer science that involves the extraction of meaningful insights from raw data. In today’s age of big data, organizations in India and around the world are hiring data scientists. So that it help them to make sense of the massive amounts of data they collect on a daily basis. If you want to know about what is the scope of data science in India. Is data science the right career option for you then you will find the answer here.
Here in this article, we are going to take a look at different aspects of data science. After reading this article you will understand how a data science career is good for you. Let’s look at the scope of data science in India. Once you find out the scope of data science is great then you can understand how to become a data scientist. And what is the salary criteria of a data scientist. Let’s dive right into the article.
Scope of Data Science in India
The scope of Data Science in India is enormous. According to a report by NASSCOM, the Indian data analytics industry is expected to reach a worth of $16 billion by 2025, with a projected CAGR of 26%. This is a clear indication that there is a huge demand for data scientists in India. And the trend is only going to continue in the coming years.
Data Science has become a critical aspect of business strategy. Because their is a rise of data-driven decision-making across all industries. It is being used in industries such as
- Healthcare
- Finance
- E-commerce
- Sports etc.
In healthcare, data scientists are being used to analyze patient data to identify trends and patterns that can help in the development of new drugs and therapies.
The finance, data scientists are being used to predict market trends, identify fraudulent activities, and improve risk management.
In e-commerce, data scientists are being used to understand consumer behavior and personalize shopping experiences.
Sports, data scientists are being used to analyze player performance and improve team strategies.
The Indian government has recognized the importance of data science. And they have taken several steps to promote the growth of the field in the country. The government’s Digital India initiative aims to provide digital infrastructure and services to every citizen of the country. And data science is an integral part of this initiative. Government has also launched several programs to promote the growth of startups in the country. Many of which are focused on data science and artificial intelligence.
How to Become a data scientist in India
Scope of Data Science in India
If you want to become a data scientist in India, you need to have a strong foundation in mathematics, statistics, and computer science. A degree in any of these fields is essential, and many universities in India are now offering specialized courses in Data Science.
However, having a degree is not enough. One needs to have a strong knowledge of programming languages such as Python and R, and familiarity with tools such as Hadoop, Spark, and SQL. If you want to know more about which programming language you should choose check out this blog.
The steps to becoming a data scientist are:
- Understand the role of a data scientist
- Acquire the necessary skills like programming skills, statistics, data visualization, machine learning, etc.
- Get a Bachelor’s degree related to this field. The degree includes computer science, mathematics, statistics, engineering, or physics.
- After acquiring the necessary skills and degree the next step is to gain some experience. Start by taking internships, online courses, or working on projects.
- Building a portfolio of your work is crucial in showcasing your skills and experience to potential employers. Start this by working on personal projects or contributing to open-source projects.
- A master’s degree in data science or a related field can help you gain a more in-depth understanding of the subject. And make you more competitive in the job market.
- Once you acquired the necessary skills, degree, and experience. It’s time to start applying for data scientist roles.
Salary of Data Scientists
Data Science professionals in India are some of the highest-paid in the country. However, the field is also highly competitive, and one needs to constantly update their skills to stay relevant. The salary of a data scientist in India can vary depending on various factors such as location, experience, skills, and company size.
According to Glassdoor, the average salary of a data scientist in India is around INR 10 lakhs per annum. However, this can range from INR 4 lakhs to INR 20 lakhs per annum or more depending on the above factors.
In general, data scientists with more experience and advanced skills such as machine learning, artificial intelligence, and big data analytics can command higher salaries. Data science is a high-paying and in-demand field in India, with ample opportunities for growth and development. The salary for data scientists is expected to continue to rise. As the demand for data-driven insights and solutions continues to increase across industries.
Final Thoughts
The scope of Data Science in India is vast, and the trend is only going to continue in the coming years. If you want to choose data science it is the right time for choosing it. Because the competition in this field is gradually increasing as more students are aware of it the more competitive it is becoming.
With the Indian government’s push towards digitalization and the rise of data-driven decision-making across all industries, there is a huge demand for data scientists in the country. To become a data scientist in India, one needs to have a strong foundation in mathematics, statistics, and computer science, and keep updating their skills to stay relevant in a highly competitive job market.