Importance Of Data Science Business Leaders In India

Data science is an extremely promising and evolving career field. As per a LinkedIn study, data science is the fastest-growing new employment category.

- LALIT SACHAN

Professionals with training in data science witnessed extra-ordinary 37% hiring growth over the last three years. Data science is reforming every business vertical and garnering traction daily. The Bureau of Labour Statistics indicates jobs in data science will increase by 27.9% by 2026. It further anticipates that the market will grow to USD 322.9 billion by 2026. Also, as per the Analytics Insights report, India will seize 32% of the big data market globally and generate USD 20 billion by 2026.

Clearly, data scientists have become indispensable to all industry verticals in the last decade. They have facilitated business leaders' efforts to reduce costs, perform in-depth market analysis, and primarily predict outcomes with the help of predictive models.

BENEFITS OF DATA SCIENCE FOR BUSINESS LEADERS

ALLOWING BETTER DECISIONMAKING

A qualified data scientist is likely to be a trusted advisor and strategic partner to the organization's senior management by making sure that the employees make the most of their analytics abilities. A data scientist links and determines the value of the institution's data to enable better decision-making processes across the entire organization, via measuring, tracking, and recording performance metrics and other parameters.

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