A LUCRATIVE AND REWARDING CAREER FOR THE MODERN AGE: SHOCKING SALARY OF DATA SCIENTISTS

WHAT IS DATA SCIENCE

According to Amazon AWS, "the study of data to extract meaningful insights for business." 

To give it a simpler perspective, data science is the process of collecting information from different sources, cleaning it up, and making sense of it to enable businesses to make better decisions.

Data science uses data to solve complex problems and gain insights into various aspects of the world. This process can be applied to a wide range of fields, from business and finance to healthcare and sports, and that makes it an always-on-demand profession.

BRIEF HISTORY OF DATA SCIENCE

The profession of data science has its roots in the 1960s when computers became widely available for use in scientific research. However, it wasn't until the 1990s and 2000s that the term "data science" became widely used. This was due in part to the explosion of data generated by the internet and the rise of big data technologies.

Data scientists are professionals who use statistical and computational methods to extract insights and knowledge from large sets of complex data. They are responsible for collecting, analyzing, and interpreting data to inform business decisions and improve processes.

 In today's data-driven world, the role of data Scientists has become increasingly important.

The value of data scientists lies in their ability to turn data into actionable insights. They have the skills and knowledge to identify patterns and trends in data that can inform business decisions, such as identifying customer preferences or predicting market trends. Their expertise can lead to cost savings, increased revenue, and improved efficiency.

The demand for data scientists is expected to continue to grow as more businesses recognize the value of data-driven decision-making. As a result, data science has become a popular field of study for those interested in pursuing a career in this field. 

To become a data scientist, a person typically needs to have a strong foundation in statistics, computer programming, and data analysis, as well as experience working with large data sets.

One of the most appealing aspects of data science is its versatility. Data scientists can work in almost any industry, from healthcare to finance to tech. 

They can use their skills to solve a wide range of problems, from predicting consumer behavior to identifying new market opportunities. This makes data science an exciting and dynamic field that offers endless possibilities for growth and innovation.

What is the average salary of a data scientist?

According to glassdoor, a data scientist earns up to $150;000 per year in the US, and in Nigeria data scientists make up to N10 million per year.

In Canada, data scientists earn around $120,000, in South Africa, they earn up to R 730,000 per year.

Data science is one of the fastest-growing tech jobs, and its demand is expected to hit 36% before the end of 2030.

To get data science jobs or similar tech jobs in Nigeria, visit Hubforjobs.com to start your journey.