For many years now, becoming a data scientist has been the goal for many. Billed as the hottest role of the 21st century, data scientists are among the highest paid in the IT industry and one of the most scarce right now.
In fact, according to Glassdoor, the average salary for a data scientist is €93,400.
And data science is part of our daily lives. It is in the online purchases we make, our social media feeds, the music we listen to, and the movie recommendations we’re shown.
As we predicted at the start of the year, companies that do not invest in data science and AI will not compete.
The role requires you to collect, structure, store, process, and analyze data so that individuals and organizations can make decisions based on the data’s insights.
It is also a role that fits with the current reality of work. The nature of the job allows you to work at flexible times and remotely. It suits self-employed individuals as much as it does those that are employed.
And it is an exciting space too. The field of data science has grown exponentially in a short period as companies have recognized the importance of getting large amounts of data from websites, devices, and social networks to use them for business purposes. Once the data is available, data scientists use their analytical skills to evaluate data and extract valuable information that companies can use to improve their products, services, and future innovations.
In the future, data is likely to emerge as a game-changer for the world economy, so pursuing a career in data science would be very beneficial for a computer enthusiast, not only because it pays well but also because of its potential impact.
Data science is, of course, not for everyone. Data scientists are often individuals with experience in analytical thinking and analyzing data, matched with complex problem-solving skills and a curiosity to explore a wide range of emerging issues.
They are considered the best in IT and business, making them highly skilled individuals whose job roles straddle the world of computing, statistics, and trend analysis. There is a fast-growing demand for data identification and research in various technological fields such as AI, machine learning, natural language processing, and computer vision that helps ensure the salary and career path of a data scientist is one of the world’s best.
The work of a data scientist is as exciting as it is rewarding. Using machine learning, they process raw data and analyze it using various algorithms such as regression, clustering, classification, etc. You can identify insights that are critical to predicting and solving complex business problems.
As mentioned, according to Glassdoor, the average salary for a data scientist is €93,400 per year. The average salary for a young professional can be as high as €78,220 per year. However, data scientists with 1 to 4 years of experience can earn around €106,009 per year, while the average salary for those with more experience can increase to an average of €135,856 ( per year.
As the name suggests, a data analyst’s job is to collect, process, and perform statistical data analysis that enables business users to get meaningful insights. For this process, systems created with programming languages such as Python, R, or SAS are utilized.
