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Analysis and storage are the two important challenges for organizations large and small. Firstly the amount of Big Data generated has accelerated tremendously. Storing this data economically and securely is one of the top priorities of organization which is where Cloud comes into picture. This has given rise to the trend of hiring skilled data analysts, data engineers and above all data scientists.
Apart from various skills which a data scientist must possess like analysis, statistics and programming, he/she is also expected to work on newer platforms in which the organization stores data.
Data science and cloud computing essentially go hand in hand. A Data Scientist typically analyzes different types of data that are stored in the Cloud. With the increase in Big Data, Organizations are increasingly storing large sets of data online and there is a need for Data Scientists. To get in-depth knowledge on Data Science, you can enroll for live Data Science Certification Training by Edureka with 24/7 support and lifetime access.
Let us look at the types of data that a data scientist is likely to work in the cloud:
However, the problem with such data is, it often sits in disparate silos. Given that the storage is now much cheaper, and the open source platforms and tools are available for data scientists, cloud is the key.
According to Gartner, there will be about 26 billion devices on the Internet of Things by 2020. Just imagine the data generated by this interconnection; and most of it will be available on cloud. Therefore, there is a need for flexibility, multiple processing systems and disparate data sets, and data science is well entrenched with cloud computing.
Data Scientists are among the most sought after people when it comes to working on Big Data & Analytics. A simple comparison with other professions will give you a clear picture how things are changing.
Given that the skill set required for data scientists is extensive, and there is clearly a shortage of such skills, the compensation is extremely competitive. According to a survey by Burtch Works, the average salary for a data scientist with below 3 years work experience could be about $90,000, whereas at managerial level, it could go up to $160,000 and more. The compensation at a managerial level for a data scientist is more competitive than for a Mid-level Big Data Professional as per the chart which further reiterates the face that data scientists have a bright future.
At a time when organizations are investing maximum resources on two aspects to remain profitable, which includes Big Data and making sure that the data stays in the cloud. Processing data and shifting it to Cloud organizations avails two benefits, including tackling large sets of data for decision making and reducing the overall cost of infrastructure. With a huge demand in both the fields and billions of dollars of investment both are here to stay.
Edureka has a specially curated Python Data Science course which helps you gain expertise in Machine Learning Algorithms like K-Means Clustering, Decision Trees, Random Forest, Naive Bayes. You’ll learn the concepts of Statistics, Time Series, Text Mining and an introduction to Deep Learning as well. New batches for this course are starting soon!!
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