The Times of India agrees that Data Scientists are now earning more than Chartered Accountants or even Engineers. According to a recent article published in the TOI – “Data scientists with around 5 years’ experience are earning over 75 lakh per annum as compared to 8-15 lakh for CAs and 5-8 lakh for engineers with the same experience level.” Shocked! Yes it is true. Look at some of the other statistics mentioned in the article:- –India will face a demand-supply gap of 2,00,000 analytics professionals over the next three years. –Even in the US, only 40 out of 100 positions for analytics professionals can be filled –In the US, data scientists get upwards of $2,00,000 per annum The question is why is the there a sudden spurt in demand? What is so special about being a data Scientist? The answer is that companies across domains are trying to utilize data generated across all mediums for research to provide valuable data based decisions. Data analytics professionals are primarily mathematicians, statisticians; database/data warehouse engineers, data miners and IT professionals with data warehousing skills. A data scientist is a hybrid of many of the above listed skills and, therefore, a rare breed. […]
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