Data Scientist Jobs Salary, the newest Job Profile offers good CTC Package. Data scientists mine and analyze data from a range of sources, including customer transactions, click streams, sensors, social media, log files and GPS plots. Their mission is to unlock valuable and predictive insights that will influence business decisions and make a competitive advantage.
Data scientists are big data diggers. They take an enormous mass of messy data points and use their formidable skills in math, statistics and programming to clean, massage and organize them. Then they apply all their analytic powers to industry knowledge, contextual understanding, and skepticism of existing assumptions to uncover hidden solutions to business challenges.
Many resources out there may lead you to believe that becoming a data scientist requires comprehensive mastery of a number of fields, such as software development, data munging, databases, statistics, machine learning and data visualization.
You don’t need to learn a lifetime’s worth of data-related information and skills as quickly as possible. Instead, learn to read data science job descriptions closely. This will enable you to apply to jobs for which you already have necessary skills, or develop specific data skill sets to match the jobs you want.
The most successful – and sought after – data scientists possess that rare combination of analytical skills, technical prowess and business acumen needed to effectively analyze massive data sets while thinking critically and shifting assumptions on the go, ultimately transforming raw intelligence into concise and actionable insights.
Every company will have a different take on job tasks. Some treat their data scientists as glorified data analysts or combine their duties with data engineers; others need top-level analytics experts skilled in intense machine learning and data visualizations.
On any given day, a data scientist may be required to:
- Perform data-mining, modeling and hypothesis generation in support of high-level business goals.
- Successful data scientists often have strong aptitudes for business, technology, mathematics & statistics.
- Employ sophisticated analytics programs, machine learning and statistical methods to prepare data for use in predictive and prescriptive modeling
- Devise data-driven solutions to the most pressing challenges
recommend cost-effective changes to existing procedures and strategies
- Need strong oral & written communication skills to present data as a concise story for diverse audiences.
- Big data scientists often use data visualizations, e.g., heat maps, to analyze and present complex trends.
- Some data scientists have computer programming skills such as SQL, Python, UNIX, PHP, R and Java which they use to modify or develop custom analytical solutions.
- Understanding the way your chosen industry functions and how data are collected, analyzed and utilized.
The education requirements for data scientists are among the steepest of all IT occupations. Approximately 40% of data scientist positions require an advanced degree, such as a Master’s, MBA or PhD. Others companies will accept data scientists with undergraduate diplomas in an analytical concentration, such as Computer Science, Math & Statistics, Management Information Systems, Economics, Engineering and Hard Sciences.
MOOCs and self-guided learning courses are free/cheap, short and targeted. They allow you to complete projects on your own time but they require you to structure your own academic path.
Boot camps are intense and faster to complete than traditional degrees. They may be taught by practicing data scientists, but they won’t give you degree initials after your name.
A Data Scientist, IT earns an average salary of Rs 620,244 per year. Experience strongly influences income for this job. The highest paying skills associated with this job are Data Mining / Data Warehouse, Machine Learning, Java, Apache Hadoop, and Python. Most people move on to other jobs if they have more than 20 years’ experience in this career.
The average salary of data scientist in India is as per research done by pay scale is near about 61,000 to 62,000 approximately depending on your skills and experience.
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