![]() ![]() Data Science Skills are Going to Grow in Value The salary potential is only expected to grow as data drives artificial intelligence innovations. The average annual salary for chief data officers is $636,000, with top data executives clearing more than $1 million a year. New data scientists can expect starting salaries of around $100,000 per year, with experienced data scientists earning more than $200,000 per year. According to Glassdoor, the estimated total pay for a data scientist in the United States is $126,200 per year. That high demand also leads to higher salaries relative to other careers. Careers in Data Science Have High Earning Potential Data science careers also offer significant potential for advancement, with the relatively new role of chief data officer becoming a key C-suite position across all types of businesses.īecause the high-demand field requires a special skill set, professionals with data science degrees or certificates are more likely to land a desired position in a top company and enjoy more job security. ![]() Data Scientists Are in High DemandĪccording to the United States Bureau of Labor Statistics, data scientist jobs are projected to grow 36% by 2031, which is much faster than the average for all occupations. Here are five reasons to consider a career in data science. The field of data science is a great career choice that offers high salaries, opportunities across several industries, and long-term job security. Learn About Our Data Science Graduate Degree Program To be effective, artificial intelligence relies on a lot of data, which is often pulled from massive data repositories and organized and analyzed by data scientists. Government agencies from the federal level down to state and local entities also rely on data insights for emergency planning and response, public safety, city planning, intelligence gathering, national defense, and many other services.Īnother reason why data science is important? It taps into the potential of artificial intelligence, which can improve productivity and efficiencies, provide stronger cybersecurity, and personalize customer experiences. The benefits of data science extend beyond business. Data scientists provide information that’s critical to a company’s growth. They guide everything from the product lifecycle to fulfillment to office or warehouse locations. For businesses, the insights derived from data science are essential for data-driven decision-making. Just as data is the new gold and the new oil, data is also the new currency. A few of the most common data science jobs include: Data science jobs are in high demand and can be found in nearly every industry. Data science tasks include data processing, data analytics, and data visualization.ĭata scientists are on the leading edge of innovation and emerging technology, including machine learning and artificial intelligence, which relies on a significant amount of digital data to generate insights.Ĭareers in data science are growing fast. They also construct complex algorithms to build predictive models. Their career path includes jobs where they handle, organize, and interpret massive volumes of information with the goal of discerning patterns. People who pursue a degree in data science study math and computer science. What is Data Science?ĭata science is the study of data to extract meaningful insights for business and government. ![]() That’s where the field of data science comes in. This is why data is also called the new oil, which also needs to be extracted and refined in order to have value. To tap into the power of data to make smart, data-driven decisions, it has to be collected, cleaned, organized, and analyzed. Simply put, today’s world runs on data.īut unlike gold, data does not have value in its raw state. It is also critical for our national defense. Business decisions are made based on data and improving customer experiences relies on data. The importance of data in today’s world spans all industries including healthcare, education, travel, and government. Data is often referred to as the new gold because it has become an essential raw material.įrom smartphones to traffic cameras to weather satellites, modern technology devices are collecting massive amounts of data that support everything from cancer research to city planning. ![]()
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