PGDM in Data Science is a two-year management postgraduate degree. The eligibility of the course is bachelor’s degree from any stream. PGDM Data Science admissions are based on both merit and entrance examinations conducted at the state and national levels. The top entrance exams include GMAT, SNAP, CAT, MAT, NMAT, XAT etc.
Data Scientist PGDM is one of the hottest and trending career
options. The main three components involved in data science are organising,
packaging and delivering data. The developments in data science have increased
its significance in the industry. The article below discusses the scope and job
opportunities in Data Science.
Career opportunities
Data Science job postings
are growing faster than Data Science job seekers. As a result, there will be a
large gap between demand and supply in the upcoming times, which quality data
scientists can only mitigate. There is no dearth of options for talented data
scientists. Some of the fields they can choose from are:
Financial Data Scientist
Financial data scientists' overall aim is to help organisations make
good decisions and avoid risks. A financial data scientist collects and
interprets financial data..
Skills that a financial
data scientist exhibits:
u Data analysis
u Quantitative techniques
u Computer programming languages, such as
Python and R programming
u Using databases
u Retrieving data using SQL and NoSQL
u Working with big data
u Data frameworks like Spark, MapReduce and
Hadoop
u Data munging
In addition, they may assist with various everyday functions, such as
fraud detection, risk modelling and finding ways to improve the client
experience.
Marketing Data Scientist
Marketing analysts perform different tasks depending on the organisation.
However, some common tasks include collecting and analysing consumer data,
researching consumer opinions and preparing reports of their findings.
What else does a marketing analyst do? Everyday tasks of marketing
analysts include:
· Gather data from sales and competitors
· Analyse the collected data and transform it into digestible
information and visual representations
· Develop reports their findings to key stakeholders
Marketing analysts use different techniques to gather data, such as
questionnaires, interviews, polls, focus groups, literature, and surveys.
Marketing data analysts have technical skills, database and statistics software
expertise, and broader business skills. Below mention are some technical skills
that a Marketing Data Scientist exhibits. They know of
u Statistical analysis software (e.g. R, SAS,
SPSS, or STATA)
u Survey/query software
u SQL databases and database querying languages
u Business intelligence software (e.g. Tableau)
u Data visualisation
u Data mining
Health Care Management Data
Scientist
Health care sectors are getting advanced with the emergence of new
technologies. Data analysis is one such technology implemented in hospitals to
enhance patient outcomes and reduce the cost of providing health care services.
Candidates are attracted to this domain since it provides excellent
career growth, including a handsome salary. The primary function of the health
care analyst is to:
u Collect data from multiple sources like
electronic health records, cost reports, etc. with the help of big data and its
applications
u Understand hospital functionalities and
systems to support the decision-making process
u End to end database management, including
collection, storing, retrieving and securing the health care data
u Create reports to deliver the required
information to the stakeholders in the health care sector
The demand for data scientists is enormous. Based on your interest and knowledge, you can select and get trained in the above mentioned roles. To ensure business continuity and growth during the ongoing uncertain times, companies need Data Science professionals. Join a Data Science course today to get the most coveted job title.
