This is because currently both SQL operators and Data Scientists come under the same general definition of data science. Since the field of data science in itself is young, data scientists do not hold years of experience behind them, as compared to other IT related field. Moreover, the financial and insurance industries are becoming major players for recruiting data scientists. There will be a sharp increase in demand for data scientists by 2020. You must check how well Data Science is used in Finance industries. That's a 45 percent increase over 2018. Some of the positions in data science such as data engineer, data science manager & big data architect. This figure is 5 days more than the ones in a regular job market. Also, we discussed how in 2026, the number of positions for data scientists will increase. In addition to answering your questions, Ronald will cover: What does a Data Scientist do? Your feedback is always welcome. However, you can leverage lot of transferable skills to other jobs if … Do you know scope of data science field over the next few decades? He was named by Onalytica as the world's #1 influencer in Data and Analytics, Automation, and the Future of the Economy (Tech), the #2 influencer in Internet of Things (IoT), Artificial Intelligence (AI) & Digital Transformation, and AI & Education, and also named the #3 influencer in AI and many AI-related subtopics. For bridging this skill gap, IBM will align educational institutes with industries to create a work-study environment for burgeoning data scientists. Author has 167 answers and 51.3K answer views No one can tell you what will be job outlook for data scientists after 2020. With the surge in data and its correlated fields, the job of a Data Scientist has become the most sought after job. However, with the passage of time, the data science roles will become more concretized. Many companies in India are transforming themselves from traditional software development to specialize in Data Science. As more and more institutes are growing to train data scientists, it is expected that data literacy will become abundant in the world. Data Science Certification Training - R Programming. It is a general term that has several definitions. According to Glassdoor, Data Scientist is the number one job on its website. Data Science is rather an unrefined and crude term. Data scientists conduct independent research and extra large volumes of data from various internal and external sources. There will be a concise definition that will be imparted to data science that will enable the data scientists to handle corresponding operations. This position will remain unchanged in the future. It is also analyzed that the data science openings are open for 45 days. According to IBM, an increment by 364,000 to 2,720,000 openings will be generated in the year 2020. The job role of a data scientist, therefore, suffers from this lack of representation. What makes Data Science such a promising career option for 2020? Data Scientist – The sexiest job of the 21st century. Recently, many universities have released their data science degrees that will bridge the skill-gap in the industries. skills required to become a data scientist, Data Science is used in Finance industries, how Data Science plays an important role for Businesses, Data Science – Applications in Healthcare, Transfer Learning for Deep Learning with CNN, Data Scientist Vs Data Engineer vs Data Analyst, Infographic – Data Science Vs Data Analytics, Data Science – Demand Predictions for 2020, Infographic – How to Become Data Scientist, Data Science Project – Sentiment Analysis, Data Science Project – Uber Data Analysis, Data Science Project – Credit Card Fraud Detection, Data Science Project – Movie Recommendation System, Data Science Project – Customer Segmentation. It is unimaginable to realize the amount of data that will be generated in the next decade. The demand for data scientists is only increasing and will continue to increase in the future. It is a staggering fact that over 90% of the data in the world was generated in just 2 years. Individuals interested in working in the data science field often wonder about the job outlook for data scientists.