Are data scientists in demand in 2021?

In 2021, the data science job market is still growing. Despite a slowdown in the job market during 2020 due to the Covid-19 pandemic, data science is still a lucrative career for young professionals.

What is the future of a data scientist?

You can think about the data increase from IoT or from social data at the edge. If we look a little bit more ahead, the US Bureau of Labor Statistics predicts that by 2026—so around six years from now—there will be 11.5 million jobs in data science and analytics.

What is the current demand for Data Scientists?

High salary growth in DS and ML Therefore, transitioning to data science is a smart move as it fetches far higher comparative returns. For instance, transitioning from a marketing analytics job to a data science job leads to a 37\% salary growth on average.

Is there a shortage of Data Scientists?

In 2018-2019, we found the shortage of data science and analytics talent to be pretty evident. Many job boards like LinkedIn, Glassdoor, Dice.com as well as analytics professional recruitment firms like Burtch Works and Harnham consistently published reports of high salaries and strong job growth for Data Scientists.

How many jobs will data science create by 2026?

About 11.5 Million jobs will be created by 2026 according to U.S. Bureau of Labor Statistics. Data Science is rather an unrefined and crude term. It is a general term that has several definitions. However, with the passage of time, the data science roles will become more concretized.

What is the future of data science in the workplace?

The number of roles and data scientists will only increase in the future. Some of the positions in data science such as data engineer, data science manager & big data architect. Moreover, the financial and insurance industries are becoming major players for recruiting data scientists.

What are the different types of data science jobs?

Some of the positions in data science such as data engineer, data science manager & big data architect. Moreover, the financial and insurance industries are becoming major players for recruiting data scientists. As more and more institutes are growing to train data scientists, it is expected that data literacy will become abundant in the world.

Why is the job of a data scientist so under-represented?

The job role of a data scientist, therefore, suffers from this lack of representation. This is because currently both SQL operators and Data Scientists come under the same general definition of data science. This problem will fade away as industries will create job roles that are specified only to the specific data roles.