What is the scope of Data Science in 2020?

Question

I am looking to start my career in Data Science. Can anyone tell me the scope of Data Science in 2020?

Answer 1

The availability of data for companies is very huge and in different forms like structured, unstructured, semi-structured. In the last 5 years alone, 90 percent of data is generated. So, companies have to use the data to improve their business. Hence, the demand for data scientists has increased a lot all over the globe in different sectors like Telecom, Health Care, Retail, Automobile, Banking and Finance, Insurance sectors, Sports, etc.

In 2020, there are around 1.5 lakh job vacancies in Data Science with a growth of 62 percent from last year. Scope of Data Science according to requirements in each sector for 2020, 38 % in BFSI, 13% in Energy, 12 % in Healthcare,11% in  E-commerce, 7% in Retail, 6% in Media

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You can watch this video by Intellipaat to know more Scope of Data Science: