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What's data science and the advantages of mastering it?

What’s Data Science? Data science is an interdisciplinary field that combines statistics, scientific methods, artificial intelligence (AI), and data analysis, to extract value from data. In the job market, data science is a humongous field where jobs are considered to be some of the most profitable ones in the 21st century, but they have both notable advantages and disadvantages as well.

DoScouting

Jul 22nd 2021

4 mins

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What's data science and the advantages of mastering it?

What's Data Science? It is a humongous field where jobs are considered to be the sexiest ones in the 21st century, but they have both notable advantages and disadvantages as well. In this article, let's discuss what they are. When you get a clear idea about both the pros and cons, you can choose the right education or online courses.

Data science encompasses prepping data for analysis—which involves cleansing, aggregating, and manipulating the data to perform advanced data analysis. Analytic applications and data scientists can then review the results to uncover patterns and provide reports that enable business leaders to draw informed and well-grounded insights.

In the job market, data science is a humongous field where jobs are considered to be some of the most profitable ones in the 21st century, but they have both notable advantages and disadvantages as well. In this article, we will be discussing what these are. As you get a clearer idea about the pros and cons of a data science career, you can choose the right education or online courses.

Let's go with the advantages first.

High Demand for Data Scientists

The demand for jobs in this field is very high. At the same time, there are many opportunities available for job seekers. Another feather under the cap is that it has become the fastest-growing job on LinkedIn. Experts predict that this field created close to 12 million jobs by 2026. This means, in the near future, we should not be surprised to see many people choosing data science jobs for their living.

The Abundance of Positions for Data Science

There is a particular set of skills and proficiencies you should have in order to become a data scientist. But, when compared with the number of opportunities available, very few people are skilled enough. Therefore this specialization is not as saturated as the other IT sectors.

As of now, there are a lot of opportunities available but not enough people to take them over. So, if you are in search of a career option, start searching for the best courses about data science.

High Salaries

Do not underestimate the credibility of this job when it comes to the salaries. Reports claim that data scientists are earning an average amount of $116,100 per year. Hence, it is worthy to spend some bucks on good data science courses, as you can reap out of the knowledge in the future.

Data Science Jobs Can Save Lives

Data science has been a reason behind the improvement of the healthcare sector. With the assistance of machine learning now early-stage tumors can be detected. There are many more benefits for healthcare from Data Science.

Let's head into the disadvantages and the limitations now.

The Career is Versatile

There are numerous applications of data science. It is widely used in healthcare, banking, consultancy services, and e-commerce industries. Data science is a very versatile field. Therefore, you will have the opportunity to work in various fields.

Data Science Makes Data Better

Companies require skilled data scientists to process and analyze their data. They not only analyze the data but also improve its quality. Therefore, data science deals with enriching data and making it better for their company.

The Line of Work is Highly Prestigious

Data scientists provide companies with the opportunity to make smarter business decisions. Companies depend on data scientists and employ their expertise to provide better results to their clients. This gives data scientists a very important position in the companies that they work for or in.

Data Science Promotes Self-Development

Data science will not only give you a great career but will also help you in personal growth. You will be able to have a problem-solving attitude. Since many data science roles bridge IT and Management, you will be able to enjoy the best of both worlds.

Let’s head into The Disadvantages and the limitations now.

The Job Role Varies From Sector To Sector

What is the role of a software engineer? It is coding and everything related to software, isn’t it? What about a QA? Quality assurance is his/her job.

However, when it comes to data science jobs, there is no exact explanation for the roles you will be playing as a data scientist in any field. Data science is a blurry term. The JD depends on which niche you are working for.

Mastering the skills is extremely tough

Data Science is derived from multiple subjects such as Statistics, Mathematics, and Computer Science. Imagine trying to master all these subjects with the intention of being an expert in each of those subjects. It is difficult, isn't it?

There are many courses about data science available and none of them can make you an expert with nothing to learn on the subject. Data Science is changing rapidly and being updated is crucial for survival in the field.

Issue of Data Privacy

Most of the industries out there are data-driven. One role is to assist the companies to make decisions taking this data into consideration. But, this process may breach the customer's privacy. Data leaks are possible because of the lack of security. So, ensuring data privacy is quite a task and is an ethical issue.

Arbitrary Data May Yield Unexpected Results

A Data Scientist analyzes the data and makes careful predictions to facilitate the decision-making process. Many times, the data provided is arbitrary and does not yield expected results. This can also fail due to weak management and poor utilization of resources.

Conclusion

So answering questions what's Data Science? Data Science is a field with multiple advantages. But it does not suggest that there are no cons at all. The industry is ever-evolving and will create millions of jobs in a few years. But you should decide whether these pros are captivating enough for you to join this industry. If you feel so, start searching for the best courses about data science available on our partner's platform and join one. Enhance your skills and get ready for the future.

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