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What about the future?

The term data science first began in 2001 however its popularity advanced in 2010 and since then its one of the fast growing area but now question comes, What about the future? .

Year 2019 has been witnessed an extremely important year for data analytics, 2020 is considered  to be the “Year of data science”. A recent market study shows that the Data Analytics Market is expected to grow at a CAGR of 30.08% from 2020 to 2023, which would equate to $77.6 billion. In 2019, the global analytics market was $49 billion worldwide, which is more than double the value four years ago.

The global big data and business analytics market was valued at $168.8 billion in 2018 and is forecasted to grow up to $274.3 billion by 2022 at a CAGR of 13.2%.

 

With the help of data analytics, organizations can now leverage data to extract valuable insights, which are used to create actionable decisions. In the past few years, data analytics has been broadly used to empower organizations to make the most profitable business choices.  

Job Expectations at Different Levels of Experience in US:

in USA, as per Zippia reports that the average entry-level business / data analyst salary for someone with up to two years of experience and a bachelor’s degree is $54,000. After two to four years on the job, you can expect an average salary of $70,000. A senior analyst with around six years of experience commands a higher salary of about $88,000, but a specialization can make the data analyst salary soar past the $100,000 mark. (Zippia analyzed its own data plus salary information from the U.S. Labor Department, PayScale, and Salary.com.)

Job Expectations at Different Levels of Experience in Ireland:

Typical Business Analytics/Data Scientist
PositionSalary
Entry Level€29k – €54k
Intermediate Level€40k – €76k
Expert€51k – €97k

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