Our digital universe is made up of 3.2 Zettabytes of data, 90% of which was created in the last few years. Much of this data is significant to various organizations across the globe as it holds important insights which when analyzed helps to reduce cost and wastage of time. In fact 70% of the world’s business leaders believe that adopting and implementing data analytics is absolutely must in today’s world due to changing dynamics of the economies.
However, only 12% of the user data is utilized by analysts worldwide due to severe shortage of talents in the field of data science. This is one of the biggest challenges, the world faces right now. Lack of data science professionals is hurting digital economies badly.
For instance take the case of Malaysia—
● Malaysia currently aims at becoming a digital hub in the Asia Pacific region and has already taken steps toward that goal. It is rapidly embracing the digital transformation and its digital economy is already adding 18.2% to the GDP. However, the MDEC reports that the country requires 6000 to 8000 skilled workers in data science at present. A report by the APEC predicts that Malaysia will require around 20000 trained professionals in data science and analytics.
● Thus, Malaysia provides a lot of opportunity for young minds willing to make a career in data science. Moreover, any experienced individual in the field of data science earns around 25000 Malaysian Ringgits per month and an entry level worker can make up to 9000 MR.
A data science course looks like a smart move!
The combined factors of talent shortage and growing importance have made data science the most lucrative field at the moment. In fact a Harvard Business Review had branded the profession of data scientists as the sexiest job of the 21st century. The future looks bright for the field and there is a lot of promise for data science professionals in the upcoming years. The data revolution is catching up with every sector around the globe and role of data scientists has become a key in unlocking the full potential of data science.
Potential of data science as a key to the future!
Great innovations are already taking place with the help of data science. Data science has been able to develop processes like machine learning and deep learning by which machines are being taught to think and learn by experience just like us. Artificial intelligence is making new headlines every day with amazing systems like the image recognition capability of Google search engines or the recommendation system of YouTube. Moreover, the applicability of data science is huge across multiple fields. Weather stations are utilizing it to predict climatic conditions more accurately and banking institutions are using it for catching financial frauds.
And all these technological innovations can be directly attributed to the development of data science. The possibilities are immense with data science and with the perfect data science course you can be a part of all that.