The Covid-19 global pandemic has decreased the jobs from December 2019 to June 2020 by 19,858 vacancies. However, there was a spike in the opportunities after mid-July. According to online job portals, there was an increase in data science job vacancies by 53%. The lockdown has impacted the job market and inspired AIMResearch to extend its research in the field of data science. AIM Research has also gathered information on the statistics of job vacancies. It is difficult to get an accurate number of vacancies. LinkedIn has shown almost 25,000 jobs. There was a decrease in the data science job vacancies at the initial days of the lockdown, India’s share of job opportunities has increased from 7.2% in January 2020 to 9.8% in August 2020 across the world. Want to learn more about data science? Enroll in the Data Science Course in Pune fees to do so.
Reasons for the rise in data science job opportunities
Due to the Covid pandemic, people got locked in their homes and had very low or no contact with the outer world. To retain their customers, many companies and industries have started investing their eggs into developing solutions through data science. That led to companies developing advanced algorithms for generating a large amount of data, creating importance for the data science sector. Also, to cope with and thrive during the pandemic, the companies will have to count on data science.
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Payment transactions, education, entertainment, manufacturing, and the automation industry have all moved online.
Banks are depending on data-driven solutions for overcoming frauds and identifying malpractices. With the data ready, banks can track and trace any credit card fraud, find confidential financial data deficits, and any other suspicious activity.
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Due to theatres being closed, the public subscribed to many over-the-top (OTT) platforms that need their data to keep the viewers engaged with their websites. These websites study the behavior patterns and preferences of their customers through a database. Customers are also looking into the gaming sector for entertainment. This further customizes the suggestions that are influenced by the data.
Students are getting enrolled in various e-learning platforms for online courses and live classes. That made it even simpler to understand the customer experience and analyze it.
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The pandemic itself has created a whole new room for data. Data like the number of positive- tested cases, recoveries, tests, deaths, and clinical data like lung radiographs and vitals are made available for the government for analysis. Companies would now look into investing in IoT devices that use artificial intelligence to read heart pulse rates or sugar levels or a sensor monitoring water consumption for intelligent health care systems. Due to the coronavirus outbreak, researchers are trying to aid better medical terms and tools to test the infections. If there is any other outbreak in the future, the entire world will combat stronger than it did, using this data analysis.
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Conclusion
The role of data science is conspicuous in almost every aspect of life. Data science Course in Bangalore is creating a vast impact on changes around us and will become more dominant and integrated with our daily lives. Practically every company now knows how vital it is to maintain, handle, and organize data. With the increased use of data science, the demand for data-science based jobs has increased.
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