Data science has emerged as a key field in the job market over the past few years. With the explosion of data from various sources and the need for businesses to make informed decisions, the demand for data scientists has skyrocketed. Data science has become an integral part of every industry, from healthcare to finance to retail, and has transformed the way businesses operate.
The job market for data scientists has grown exponentially over the past few years. In fact, according to a report by LinkedIn, data science roles have grown by 650% since 2012. This growth is expected to continue, with a projected growth rate of 11.5% per year from 2019 to 2026. The demand for data scientists has outstripped the supply, leading to a shortage of skilled data scientists in the job market.
One of the reasons for the rise of data science is the availability of data. With the advent of the internet and the proliferation of devices that generate data, there is a vast amount of data available for analysis. Companies are using data to make informed decisions and gain a competitive advantage. Data science provides the tools and techniques to extract insights from this data, making it a valuable skill for businesses.