The Widening Scope Of Data Science In India & Abroad

By Author: Indian School of Business & Finance
Total Articles: 64
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Believe it or not, the core of every function, sector, and industry lies on data. Amidst this, how can we even think of overlooking the importance of data management and analysis? This brings us to an important branch of science, which we know as Data Science.
You all might be aware how popular the field of Data Science has grown in recent years. There are many individuals who, as successful Data Scientists, are active across the corporate sector, entrepreneurial ventures, and public policy-making. If you, too, wish to enter the field of Data Science professionally, it would help to have an academic degree in the said stream to your credit.
We, at the Indian School of Business and Finance offer a highly industry-centric postgraduate diploma program in Data Science, which is also one of the best PG courses in Data Science in Delhi. Formulated by the faculty from the London School of Economics, you can rest assured that this degree is of international stature! ...
... The program will not only help you attain deep insights into the world of Data Science but will also enable you to kick-start your career in the said arena.
So today, in this article below, let us have a look at what exactly Data Science is all about and how far and wide its scope is in India and abroad.
What is Data Science?
If you have gotten instantly interested in the branch of Data Science as far as your academics and onward professional journey is concerned, it is important to first familiarise yourself with the ambit of Data Science.
So, for a layman, Data Science has to do with the usage of sophisticated tools and concepts to study raw and unstructured data to ultimately derive patterns and valid information that can further be used across different application domains.
Data Scientists make use of scientific methods, algorithms, and modern tools and techniques to extract meaningful information from otherwise haphazard data. One of the major benefits of having Data Science into play is to come up with actionable insights, identify data analytics problems, and ultimately derive fact-based sets and variables. Making use of Data Science has enabled organizations all over the world to attain significant insights into their niche markets and thereby boost their profits.
No wonder LinkedIn has named “Data Science as the most-promising career”; while Glassdoor says, “Data Scientists is the best job in America.”
Why do you think Data Science is making such huge waves of popularity? Well, let us look into some of the reasons behind this in the section below.
Reasons Why Data Science & Data Scientists are at the Peak:
 
·        Aid in Decision Making & Minimizing Losses:
Data Scientists use the power of data to derive industry or business-specific conclusions, which work as an on-point blueprint for the venture in question. It is the study of data that helps business units in making well-informed decisions, which prevents them from facing the brunt of their actions. Moreover, since decisions are data-backed, the chances of these decisions backfiring are minimized. This further plays a critical role in reducing business losses. No wonder data scientists are in high demand not just in India but also abroad!
 
·        Less Competition:
When you set out to make a career in a stream of your choice, you are often faced with cutthroat competition, which makes it difficult for you to leave behind your mark. This is not really a hurdle in the field of Data Science, mainly because this is a relatively new field. It is only recently that the field has begun to receive such a high-level appreciation in India as well as abroad. As such, the entry-level competition is at its bare minimum, and you will not face any major barriers.
 
However, keep in mind that to be given preference and considered on priority, it is important that you have a data science degree to your credit. To get started in this direction, you can enroll yourself at ISBF, which is known to offer one of the best PG courses in data science in Delhi.
 
·        Relevance Across All Industries:
Speaking about data science, we can easily derive that this branch of study becomes relevant to every sector and industry that forms a part of the business world not just in India but also internationally.
 
More specifically, industries such as finance, healthcare, banking, media, advertising, manufacturing, retail, tech, and government are dependent on data scientists. This only means that Data Science as a field and Data Scientists as professionals will continue to remain in demand in the upcoming years. No wonder, as per recent reports, the role of Data Scientists has increased by as much as 650%! That’s massive, isn’t it!
Final Thoughts:
If you are someone who feels driven by technology and wishes to make your mark in a futuristic profession, then your search should end with Data Science. However, when you appear for an interview for the role of a Data Scientist, it would help to have a professional degree in Data Science to your credit.
What better than signing up for one of the best PG courses in data science in Delhi, which is offered by ISBF in collaboration with the London School of Economics and the University of London. This, for sure, will work as a cherry on the cake when you compete with other aspirants for a lucrative job role as a Data Scientist.
 

Hey! Myself Tanya! I work as a marketing strategist. I have been working as a content writer for various educational institutions.