‘Plenty of options in data science’
With the rise in the number of start-ups in the country, there is a need for skilled data scientists in various industries, says ANTHONY KILILI
The data science job market is growing like never before. This is being fuelled by increasing data velocities, volumes and variety, coupled with changing consumer demands and the need to quickly gather deep insights from data.
India is progressing intensively towards the areas like analytics, artificial intelligence and data science. This is evident from the number of start-ups seeking skilled data scientists and varied industries like retail, pharma and finance also reaping benefits of skilled talent in India.
We have seen rapid growth in data science hub over the last 10 years in India. As a customer of data science platform, we have been at the forefront of using retail data to understand the customer. We apply this understanding towards implementing customer first solutions and provide unmatched shopping experiences through activations like 1:1 personalised marketing activities both online and offline.
There are a variety of very promising career paths within data science regardless of the industry and it is already one of the most aspired careers, globally. For those wishing to pursue a career in data science there are largely three-four streams.
Data Science Engineers: Architects who focus on building data models or administrators who focus on managing data storage solutions
Data Analysts: Analysts who have data manipulation and data communication as their core strengths
Data Scientist: Experts in advanced analytics, predictive modelling, statistics and programming who work on research and development as well as practical application of advanced data science techniques such as machine learning in business context.
Critical thinking; an analytical approach, research mindset and sense of curiosity are some of necessary qualities that one needs to have.
People can choose to become domain experts, technology experts, business consultants or people managers in the same area as they progress forward. Research and development is also a booming stream that branches out for data science in current times.
Many universities are now offering advanced degrees in data science, almost unheard of just a few years ago. Some of the best colleges across the world and in India include; Columbia University; Kings College London; Great Lakes Institute of Management and the Indian Institute of Management to name a few.
In addition to these, some organisations, too, including ours, offer graduate programmes wherein aspirants are equipped with the knowledge and skills to help them in their career.
People are core to an organisation’s success, and attracting, retaining and developing the right talent is fundamental. There are unparalleled opportunities for those with relevant skills and in India, data science jobs start at Rs 7-Rs 20 lakh per annum, and there is no upper cap on remuneration as professionals’ progress through their career.
While there is a projected global shortage of data scientists, India has over the years prepared well through a strong focus on science and technology. The country is well-poised to continue in its leadership position in the supply of talent around the world.