Is there an oversupply of data scientists?

Consulting firm QuantHub, meanwhile, compiled data from the three job services — along with Burtch Works, CIO, Computer Weekly, Harnham, McKinsey and Women in Data Science — and found that there was a data scientist shortage of 250,000 in 2020 based on the number of job postings for data scientists/analysts and the …

Is there shortage of data scientists in USA?

The salaries of data scientists are skyrocketing because there is a shortage of data scientists in the industry. As per the McKinsey report, the United States is facing a shortage of approximately 140,000 data scientists.

Are data scientists really a rarity?

Data scientists have for many years been considered a rarity which large enterprises have been fighting to get hold of.

Is the power still in the hands of data scientists?

The power, therefore, is still very much with data scientists. But with new technologies on the horizon, there is a view that the data professionals could automate themselves out of a job. Matt Cockbill, head of the IT and digital leadership practice at Berwick Partners, isn’t convinced.

How many hours a week do data scientists spend looking for jobs?

But the truth is that data scientists typically “spend 1–2 hours a week looking for a new job” as stated in this article by the Financial Times. Furthermore, the article also states that “Machine learning specialists topped its list of developers who said they were looking for a new job, at 14.3 per cent.

What can we learn from the flood of data?

The data flood The amount of recorded information grows by the split-second — and may be used to improve health care, change education and even boost store sales Modern life generates huge volumes of data. That data can yield detailed information — and provide valuable insights.