working in leading companies
– Let’s have a look at what companies look for while hiring a Data Scientist’s –
The primary objective is to be able to accumulate, construct and process the high volume data and further analyse it. This helps in gaining a detailed understanding of the human body. This is the main goal for introducing data scientists in healthcare sector all over the world. The data scientists also have the strongest caliber to transform healthcare as per our industry expertise.
Retail data is increasing exponentially with every passing year. Smart retailers are aware that every single interaction holds the potential for profit. A Data Scientist can help the retailers to turn insights from big data into profitable margins using insight-driven plans, investing in existing employees and big data talent. Data Scientist can burrow into the mountain of big data and help retailers to reduce the costs and increase sales.
Data Science can help to drive a positive safety culture in the project. You can tag and detect common safety risks like missing hard hats or the gloves of people. There are numerous fatalities/injuries that take place at a construction site. Data Science solutions can make a huge difference by predicting and mitigating risks to avoid these incidences. Therefore, data scientists are now becoming a major part of the industry to easily and quickly complete these tasks in a more organized way.
Data Scientists are required in banking firms to advance their consulting methods based on the previous choices of the customers. Data Scientists also assist in fighting against bank frauds by using predictive models and analysis.
In today’s world, the need for reaching destinations on time is increasing, and data scientists help public transportation providers enhance the probability of fruitful journeys. Data scientists can tell the number of people boarding on a given bus or lessen the distances travellers must walk to board buses. Data scientists are helpful in assisting people in the rail industry, also. They can provide you with details about trains’ braking mechanisms, distance and more.
Information Technology (IT) firms need data scientists to analyse their business and its future scope. Data scientists help the IT domains to understand their loopholes and work on overcoming the day-to-day challenges faced by them. The growing competition, technological advances, and an ever-reducing world is paving exciting roads ahead for Data Science.
There are certain skills that are very important to a Data Scientist role. These skills help them to stand out among others.
The skills are listed below:
Data scientists are highly educated, 88% of the individuals working as data scientists hold Master’s degree and about 46% of individuals have done their Ph.D.
However, you can learn data science after earning a bachelor’s degree as well.
Because the demand is greater than supply, skilled Data Scientist command great pay and excellent perks, even at the entry level.