How to Become a Data Scientist in 2024
Discover how to transition into a data science career and explore the skills and knowledge needed for this path.
Data science in the past years has evolved beyond bookkeeping to the global digital world. The tremendous amounts of data generated from social media interactions, online transactions, and smart devices, cannot be gathered through the traditional approach, opening the way for non-traditional data processing methods and software.
This non-traditional approach now has applications in many industries, including healthcare, finance, retail, e-commerce, and technology. Companies worldwide now utilize this method to gather and analyze data about their customers to provide better service and improve their services.
The job market offers numerous opportunities for data scientists. According to Statista, the big data market is projected to grow significantly, reaching $103 billion by 2027, up from $70 billion in 2022. Data scientists earn an annual salary of around $121,525.
So, if you’re intellectually geeked, have an analytical mind, and love working with data and technology, becoming a data scientist could be for you.
Who is a Data Scientist
A Data Scientist is a professional who uses their expertise in mathematics, statistics, and computer science to understand patterns, identify trends, and extract insights from large and complex sets of data. They apply various techniques, algorithms, and programming skills to analyze and interpret data to solve complex problems, develop predictions, and make data-driven decisions.
What Do Data Scientists Do?
Data science is a broad spectrum covering a wide field. The role of a data scientist depends on his/her specialty. The roles a data scientist may engage in or engage in, include:
