Data Science Career 2025


Jyoshnagadnayak1172

Uploaded on Feb 17, 2025

Category Education

Learn about the latest data science industry insights, trends, salary outlooks, interesting facts, and top opportunities in our Data Science Career Factsheet 2025. bit.ly/4hHf5SM

Category Education

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Data Science Career 2025

FACTSHEET DATA SCIENCE CAREERS IN 2025 © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org This rapid growth in the amount of data generated also indicates an increase in the demand for skilled data science professionals who can efficiently handle this data and transform it into actionable insights. Data Science, in brief, refers to the field of study that deals with drawing meaningful insights from raw data. Though data science has existed in this world for quite some time now, it is still in its growing phase. New tools and trends are coming up regularly, and data science technology is continuously evolving giving way to several job opportunities and innovation furthermore. "Data Science Skills will drive a 27.9% surge in employment in the "The Global Data field through 2026" Volume is expected -US Bureau of Labor Statistics to reach a whopping 175 zettabytes by 2025" -IDC © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org DATA SCIENCE OVERVIEW – 2024 Data Science Market Size in 2024 - USD 133.12 billion. -Fortune Business Insights Annual average salary of data scientists - $158,218. -Glassdoor 83% of data scientists regularly use machine learning methods for their regular tasks. -Kaggle 59% of organizations acknowledge big data and analytics adoption for gaining competitive advantage. -IBM Organizations leveraging data-driven decisions are 23 times more efficient in acquiring new customers and 6 times more efficient in retaining them. -McKinsey & Company Python is the most popular programming language in 2024 with 34% of data scientists using it in their job. -Anaconda's Survey 2024 65% of organizations understand the value of data-driven decision-making for the success of their business -Deloitte Companies using analytics improve their performance and earn 126% higher profit. -McKinsey & Company Companies using advanced analytics in their supply chain were able to reduce their supply chain cost by 50%. -Accenture These facts show the importance of data science in taking businesses forward. But what does the future of data science look like? © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org THE STATE OF DATA SCIENCE IN 2025 2000 1,826.9 1800 GLOBAL DATA SCIENCE PLATFORM MARKET Size, by Component, 2024-2033 (USD Billion) 1600 Platform Services 1,418,4 1400 1200 1,101.3 1000 855.0 800 663.8 600 515.4 400 400.2310.7 241.2 200 145.4 187.3 0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 The Market Will The Forecasted Market Grow At the CAGR of:28.8% Size for 2033 in USD $1,826.9B As we enter 2025, the global data science platform market is expected to reach $241.2 billion growing at a CAGR of 28.8%. This growth in the data science market can be directly attributed to the increase in the amount of data generated which is going to reach ~180 zettabytes by 2025, as predicted by IDC. The demand for data scientists in 2026 will be over by 50% more than the supply in the US. -McKinsey Global Institute. The data science and analytics jobs constitute the fastest-growing job roles with a projected growth rate of 15% through 2025 to 2029. -US Bureau of Labor Statistics Healthcare is one of the top industries widely adopting data science into its operation and the global healthcare analytics market is expected to reach $85.9 billion by 2025. -Markets and Markets © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org Source: market.us DATA SCIENCE ACROSS VARIOUS INDUSTRIES FINANCE & HEALTHCARE & RETAIL & BANKING MEDICINE E-COMMERCE Projected market size Projected market size Projected market size $10.26 billion by 2025 $57.79 billion by 2025 $10.6 billion by 2025 -precedenceresearch -precedenceresearch -market.us 88% of financial Adopting big data E-commerce companies institutions think AI analytics has the potential using data science for will transform their to minimize industry personalization can business operations and expenditure by $300 increase revenue by up to interaction with billion in 5-15% and increase ROI customers the US. by 10-30% -Deloitte -McKinsey & Company HealthIT Analytics Data-driven banks have AI-powered chatbots survey revealed 89% of the chance to gain 5-10% have helped retailers healthcare professionals higher return on equity reduce customer support have already started (ROE) costs by 70-80% -McKinsey investing in big data -market.us analytics and AI © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org DATA SCIENCE TRENDS TO WATCH OUT FOR INCREASED USE OF GENERATIVE AI GenAI will be used to generate synthetic data to train data science models. EDGE COMPUTING It will help process data right at the source in real time and thus reduce delay and use of bandwidth. AUGMENTED ANALYTICS Various data science processes can be automated and augmented using advanced AI and ML technologies. GRAPH ANALYTICS It examines how data are interconnected and can be used for social network analysis and fraud detection. QUANTUM COMPUTING Even though it is at a starting stage, it will start affecting data science to solve difficult problems at a faster rate. © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org JOB MARKET AND SALARY TRENDS FOR 2025 TOP 7 DATA SCIENCE ROLES TO EXPLORE IN 2025 The data science industry has given rise to several job profiles from renowned data scientists to top-rated data analysts. Each of these roles performs specific data science jobs catering to different needs of the organizations. Annual Average Salary JOB ROLE RESPONSIBILITIES in US in 2024* MACHINE Develops and deploys machine-learning LEARNING models and transforms machine-learning $161,286 ENGINEER algorithms into practical applications. Looks after data science projects; builds DATA machine learning models; and creates $158,218 SCIENTIST data-driven solutions. BUSINESS Fosters organizations to make strategic INTELLIGENCE $123,284 business decisions using data. ANALYST DATA Analyzes data and provides valuable insights $108,336 ANALYST to support decision-making. Design & maintain the data pipelines by developing DATA proper infrastructure to facilitate data collection, $104,088 ENGINEER storage, and preparation of data for analysis. CLINICAL Gathers data from a variety of medical research DATA projects and unites healthcare training with $137,500 MANAGERS math, programming, and computer science. DATA ETHICS Checks all data are used in a responsible $121,242 SPECIALISTS and ethical manner. Source: Glassdoor © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org 3 POPULAR DATA SCIENCE LEADERSHIP ROLES CHIEF DATA CHIEF DATA DIRECTOR OF OFFICER: SCIENTIST: DATA SCIENCE: Top-most senior data Works with C-suite Leads a team of data science leadership executives to solve scientists and is role responsible for the most pressing responsible for developing and data challenges setting goals, implementing the EXPECTED ANNUAL delegating tasks, organization's data AVERAGE SALARY: and analyzing strategy. reports. $277,700 EXPECTED ANNUAL EXPECTED ANNUAL AVERAGE SALARY: (salary.com) AVERAGE SALARY: $334,200 $202,447 (salary.com) (salary.com) DATA SCIENCE ROADMAP Data Science professionals belong to highly technical profiles with knowledge of their industry and business. So, having a graduate or post-graduate degree in the following field is recommended: Mathematics Computer Science Statistics Engineering © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org Educational Requisites in the United States (Source: Indeed) Bachelor's degree Master's degree PhD 71% 24% 5% TECHNICAL SKILLS NON-TECHNICAL SKILLS: PROGRAMMING LANGUAGE: CRITICAL THINKING Proficiency in different programming GOOD COMMUNICATION languages such as Python, R, SQL, etc. PROBLEM-SOLVING SKILL MACHINE LEARNING: A GOOD TEAM PLAYER Machine learning is a field of computer LEADERSHIP SKILLS science that gives computers the ability to learn without being explicitly programmed. DATA SCIENCE TOOLS MOST STATISTICS AND MATHEMATICS: USED BY PROFESSIONALS Data scientists must have a strong foundation in statistics to perform hypothesis testing, PROGRAMMING LANGUAGES experimentation, and data modeling. Python, R, SQL, Julia DATA MANIPULATION AND ANALYSIS: DATA PROCESSING AND ANALYSIS Exploratory Data Analysis techniques to draw Apache Spark, Apache Hadoop, Pandas insights and patterns from data. MACHINE LEARNING LIBRARIES DATA VISUALIZATION: SciKit-learn, TensorFlow, Kera Matplotlib, Seaborn, Tableau, etc. DATA VISUALIZATION TOOLS BIG DATA TECHNOLOGIES: Matplotlib, Seaborn, Tableau Hadoop and Apache Spark for processing BIG DATA PLATFORMS large datasets Apache Spark, Apache Flink CLOUD COMPUTING: DATA PREPARATION AND ETL TOOLS Familiarity with cloud computing platforms Talend, Alteryx, Trifacta like AWS and Azure to deploy and manage data science projects. CLOUD SERVICES FOR DATA SCIENCE AWS, GCP, Microsoft Azure © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org TOP COMPANIES HIRING DATA SCIENTIST: The data science market is currently seeing a boom. As per Glassdoor, the current data scientist's salary in the US is $158,218 per annum and we can expect it to only increase in the year 2025. UPSKILLING IN DATA SCIENCE? WHAT'S THE BIG DEAL ABOUT What you learned a few years ago might not be useful today! With ever-surging data comes the need for newer and mean techniques to counter and handle the numbers like a pro. This is why Upskilling is the key to a thriving career in data science; enabling you to stay relevant and making you indispensable. Furthermore, the advent and advancement in Artificial Intelligence technology has transformed the data science process as well. © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org TOP 5 DATA SCIENCE CERTIFICATIONS Applied Data Science with Python Specialization - University of Michigan Learn to use Python for data science tasks such as data cleaning, analysis, and visualization. Graduate Certificate in Data Science – Stanford University A graduate-level certificate program that teaches students the skills and knowledge they need to become successful data scientists. ® Certified Lead Data Scientist (CLDS™) – USDSI The United States Data Science Institute offers this certification for data scientists with experience in leading and managing data science teams. ® Certified Senior Data Scientist (CSDS™) – USDSI This certification program is for data scientists with extensive experience in all aspects of data science, including data engineering, machine learning, and statistical analysis. Google Data Analytics Certificate An online certificate program that teaches students the skills and knowledge they need to become entry-level data analysts. TOP 5 DATA SCIENCE DEGREE COURSES Bachelor of Science in Computational Data Science - Georgia Institute of Technology A program that combines computer science and data science to teach students how to develop and implement data-driven solutions to complex problems. Master of Science (SM) in Data Science - Harvard University Enhance your capabilities in statistical modeling, computational science, machine learning, optimization, and a wide range of application domains. Bachelor of Science in Computer Science (Data Science Concentration) - Southeastern Louisiana University - College of Science and Technology The course integrates computer science, maths, and information technology to assist students with data science concepts Master of Science in Machine Learning - Carnegie Mellon University The program focuses on machine learning, including topics such as supervised learning, unsupervised learning, and reinforcement learning. Master of Science in Data Analytics – University of Nevada Data Science professionals learn data analysis, data visualization, predictions, and discoveries © Copyright 2024. United States Data Science Institute. All Rights Reserved usdsi.org MAKE BIG MOVES NOW! Am I intrigued by statistics and programming? Am I willing to constantly upskill? Do I really enjoy solving problems? If data science wasn't an extremely popular and lucrative option, would I still go for it? Source: data-flair.training Ask yourself the right questions and dive right into building a lasting career in data science with these easy steps. Fasten your career-strengthening game plan by leveraging the benefits of reading books about all things data science, and beyond. Build strong data science models and projects and ramp up your employability and portfolio enhancements with futuristic skills for a greater data science career progression. SKILL-UP-TO LEVEL-UP! © Copyright 2024. United States Data Science Institute. 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