Data is, if you haven’t heard, “the new oil”. That’s a lot of ‘data’ and therein lies the new appeal of the data scientist. In slightly more straight-forward terms, it’s the none-too-broad areas of data mining, big data management and processing, machine learning, strategic decision making, programming and data analytics. It’s like asking someone to adventure into a foreign land, find out these discoveries and come back and tell you how it all works.” “Someone has an idea about how their business works – how their customers work and their products work – and they’d like to understand if the data confirms that vision or how the data can be used to improve their understanding. “A lot of it is about investigation, going on a journey, crafting a story,” said Martin Kemka, data scientist at Northraine. The Harvard Business Review even called them sexy.īut you could be forgiven for not quite understanding what the job actually is. According to Best Glassdoor’s Jobs in America list, with an overall job score of 4.8 out of 5, a job satisfaction score of 4.4 out of 5 and a median base salary of $110,000, it’s boom-time for Python-savvy analysts. According to IBM, the data science and analytics market will balloon to over US$187 billion within two years. Need to unlock that big data and all the juicy possibilities therein? The data scientist is your new best friend.Īnd everybody’s got the same idea. Welcome to the age of the data scientist. Top-level data scientists often achieve salaries topping $200,000. The IAPA Skills and Salary Survey found the median salary pocketed by data analytics professionals in Australia in 2016 was $130,000. There’s a shortage of people who can do just that and salaries are exploding accordingly. As data swells faster than anyone knows what to do with (2.5 quintillion bytes per day at last count), untangling, interpreting and exploiting that raw information is becoming more important by the moment. While the alpha male (and female) entrepreneurs tend to grab the most headlines, it’s the data scientists currently enjoying in-demand status.
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