Where Will Data Science Be 1 Year From Now?

Data Science is the most talked about technology today. And it is not limited to institutions and businesses; it touches almost every aspect. This technological revolution is making great strides and is set up for a great future.

So, where will it be in 2023? Its often thought that data science will be lost in a few years or will become redundant. But experts and data have a different story to tell.

Data science shows to have a great future and will be there for a long time. According to the US Bureau of Labour Statistics report, data science will generate 11.5 million jobs by 2026.

Additionally, as per reports, the data science career will grow by 171% in the next five years. Companies like Apple, Facebook, Netflix, Amazon, Uber, Microsoft, etc., are increasingly hiring data scientists.

Data science jobs are not limited to top tech giants but government agencies, insurance companies, financial firms, and NGOs. So, learning skills through a data science track program makes complete sense.

The unprecedented growth of data

You can see how data has grown extensively in the last few years. According to data, about 2.5 quintillions of data are generated every day through searches, emails, posts, videos, tweets, etc.

And, as more people will get access to the Internet in the future, the data will only increase in number. The data surge has led to other aspects as to how to store this data and analyze it for getting meaningful insights.

Where does data science stand today?

Data Science today is used in all industries that want to use the structured/unstructured data created every second. The data is used to build models that will enable the growth of businesses,  understanding market trends, consumers' choices, and products/services.

It is where data science plays a critical role and how it is changing businesses for the better. In fact, companies that are not traditionally associated with data are now leveraging data science for improving productivity and workflow, finding solutions, increasing profits, and so on.

The Future of Data Science

The market for data science is expected to reach $178 billion by 2025. As the data size grows, more businesses will invest to see how they can sort and use structured and unstructured data.

They will learn to use it meaningfully for their day-to-day operations, increase revenue, enhance their consumer base, and push market boundaries. Further, they will use data to study demand growth, consumer trends, competitor analysis, and more.

Experts believe that many innovations will be seen in the next few years in the data science field, beginning from the data deluge to the growth of social media and the Internet of things (IoT). Also, the rise of machines and automation with lead to advancements in the effectiveness of systems and mobile devices.

Conclusion

While it is feared that data science jobs may become redundant due to automation, it's not completely true. The jobs and skills requirements may change from what they are today, but it's not possible they will completely change.

This transition has happened in almost all technological fields and is the same for data science too. More specialized skills will be required for data science jobs.

And for that, you should think of enrolling in a course like the data science track in California with certification to stay on top of your game.