Why data science jobs are in high demand?

Question

Can anyone tell me why data science jobs are in high demand?

Answer 1

Data science jobs are in high demand 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 have 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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