Data Science is the buzzword, these days. Big Data in technology is the hottest topic that everyone is talking about. In fact, Data has always been there, since the beginning of time. But only in recent times, we have been able to tap this data to yield insights.Data has been called ‘The oil of the digital economy’, because of its immense potential to drive businesses.
Data Science is the study of data. It deals with accessing, extracting, analyzing, auditing, cleaning and storing data, to create information. And this new-found information helps the companies to take correct and smart decisions.Companies rely on Data Scientists to handle, analyze and manage data, and hence, their role in a company is very crucial. Data on user behaviour and predictive analyses helps companies improve their products and catch up with their competitors. For example, an automobile company uses data to improve the safety of its vehicles or introduce self-driven cars. A company selling consumer products uses data to study the buying patterns of customersso that they can cater to their exact needs. A healthcare company needs to track trends and patterns, in order to introduce new products. Detailed performance analyses help businesses plan their marketing strategies. In short, Data drives decisions – from small branch offices right up to the Boardroom!
As put out by AICTE and MHRD,Data Science is one of the burgeoning areaswhich can meet the requirements of the Industrial Revolution.Data fuels the future. And Data Scientists are in great demand, as every company, every industry, every sector, needs people who can cull out data that can be put to use to develop the company.The job prospects for Data Scientists are very high. One look at LinkedIn, and we can find that it is the fastest growing job that is predicted to create 11.5 million jobs by 2026. Between 2019 and 2020 alone, the demand for Data Science Engineers grew by a whopping 40%!
Not many people have the required skill-set to become Data Science Engineers and hence, the supply is low compared to other IT sectors. And the demand is high. In fact, employers don’t find enough Data Science Engineers to fill their vacancies. Therefore, Data Science Engineering presents lot of opportunities, making it a lucrative career choice. By choosing Data Science Engineering, you will be in a very comfortable position and can command high salaries. Your prestige in the company will also be high, as your company relies on your expertise to take decisions and navigate its way to the top.
Data Science is a very versatile field. Therefore, you can work in a wide range of fields such as health-care, banking and finance, consultancy services, e-commerce,IT and software companies,automotive, energy, transport, retail - practically, every industry that you can think of!
Besides, a Data Science Engineer has a stellar role to play in improving the quality of life around him and making the world a better place. For example, Medicine and Healthcare industries use data to predict diseases, and that helps in early diagnosis and treatment. With the help of data, it is possible to detect congenital defects at an early stage itself. Hence, we need Data Scientists to find solutions for real-world problems.
A Data Science Engineer is the best candidate for being an entrepreneur. Data Engineering gives you the skills and tools you’ll need to build great products and also analyze how those products are performing. You’ll be a natural success as an entrepreneur, with these skills. Alternatively, you can also become a freelance consultant, since a Data Science Engineer has immense possibilities for working remotely. If you are the lone-wolf kind and working outside an office suits your temperament, go for the Data Science Engineering course!
At MVJCE, the guiding principle is ‘Each and every studenthas enormous potential which can be brought out and honed, to benefit society’. Hence, every student will be personally guided by Professors who hand-hold you, right from the moment you enter the College.Moreover,
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