Alright, we’ve heard it said, Big Data is the future and honestly, the current volume of Data Scientists looking to have their resumes written professionally is impressive. Naturally, this got us thinking, what’s the big deal with Data Scientists?
In simple terms, a data scientist collects data to come up with meaningful insights.
The term “data scientist” covers many roles across many industries and organizations from academia to finance and governance. As businesses continue to modernize, the need for data scientists has grown extensively.
Data scientists find patterns, build models and develop algorithms.
Consider this in relation to specific product development. Developers need to maintain the functionality of their products in order to stay relevant. A data scientist is critical to the navigation of past, present, and future product insights.
Would You Make a Good Data Scientist?
A data scientist’s most common fields of study are Math and Statistics followed by Computer Science and Engineering. They possess a natural curiosity and have highly developed creative and critical thinking skills.
- What can be achieved with all the data?
- Where are the undiscovered opportunities hidden within?
- How can I connect these dots?
- What questions have not yet been asked?
Data scientists are also highly educated.
- 88 percent of data scientists have at least a master’s degree.
- 46 percent have PhDs.
According to industry resource KDnuggets, the data explosion is not slowing down either. Fueled by increased bandwidth, processing power, and innovative data analysis tools, Data Scientists are currently among the most demanded and lucrative IT careers.
Interestingly, a good data scientist has the potential to make or break a business.
To illustrate this point, a 2011 study from the McKinsey Global Institute indicates retailers that maximize data analysis capabilities could increase profits by up to 60%. More so, the health care industry can reduce operational expenses by 8% – equating to $200 billion per year! That’s some serious game face!
Does the generalization of this job seem delightful to you?
Go watch this TED Talk we found. The author, data journalist David McCandless, is fascinated by the stories data can portray. His talk is colorful and precisely touches on what data is capable of saying when pulled with specific goals in mind.
Without a doubt, data scientists have a unique combination of analytical skills, technical flair, and entrepreneurial spirit. Their job is to effectively analyze massive data files while thinking critically and shifting assumptions on the go.
The bottom line, if you’ve gained the education to pursue a career in data science and have the buzz to go further, then you are the unicorn many companies are searching for right now.
As always, our team at Power Writers Canada is here to build you a resume that will successfully navigate ATS and recruiter processes while gaining you the momentum to ideal job placement. Connect with us anytime for a free consultation and current resume review.