What is Data Science?
A New Field Emerges
There is significant and growing demand for data-savvy professionals in businesses, public agencies, and nonprofits. The supply of professionals who can work effectively with data at scale is limited, and is reflected by rapidly rising salaries for data engineers, data scientists, statisticians, and data analysts.
A recent study by the McKinsey Global Institute concludes, "a shortage of the analytical and managerial talent necessary to make the most of Big Data is a significant and pressing challenge (for the U.S.)." The report estimates that there will be four to five million jobs in the U.S. requiring data analysis skills by 2018, and that large numbers of positions will only be filled through training or retraining. The authors also project a need for 1.5 million more managers and analysts with deep analytical and technical skills "who can ask the right questions and consume the results of analysis of big data effectively."
The statistics listed below represent this significant and growing demand for data scientists.