Why data scientist is the hottest

tech profile in India? 

The later part of the year 2014 witnessed data scientist being tagged as the hottest job profile of the 21st century. Here is a look at why it is an exciting time for techies to specialise as data scientists and get a job in e-commerce and tech companies

If you are a data scientist, you can currently command a starting salary that ranges from Rs 5.2-6.6 lakh per annum, says Kapil Tyagi, co-founder and chief product officer Edureka. It is interesting to note that in comparison a software engineer starts at roughly Rs 3.2 lakh, as per JobBuzz data. Kapil shares that data scientists at managerial positions can command an annual salary of Rs15 lakh while those at the senior levels can claim Rs 25 lakh and above per annum.

The handsome salary packages attached to this job role is primarily because of the urgent demand for data scientists and the parallel lack in availability of skilled data scientists. 

Tech companies competing for data scientists

The momentum of hiring data scientists started in 2014, with tech vendors – both established as well as startups – looking for data scientists, specialised in specific analytics technologies such as R, SAS, Mahout and SPSS. A deep dive into the TimesJobs.com data corroborates this and reveals that companies such as HP, Happiest Minds, Wipro, Sapient, Mindtree, Oracle and Microsoft are currently looking for data scientists to strengthen their analytics products portfolio and for implementing the products at client locations.

Citing the reason for this sudden spurt in demand for data scientists, Sunil Goel, MD of GlobalHunt said, “Companies have realized that skills such as data mining, statistical and mathematical analysis will be the key to outperform in business. Hence, data analytics tools and data scientists are in great demand in India currently and this field is expected to create more jobs in 2015.”

E-commerce industry to hire data scientists in 2015: Amazon and Snapdeal frontrunners

TimesJobs data brought out that Amazon India is looking to hire machine learning scientists. These data scientists should be capable of extracting relevant information from historic business data to develop predictive learning about customer buying behavior. This intelligence would build business strategies that help in selling better to the consumers.

Another example is Snapdeal, which has recently floated a requirement for data analytics experts who should be B Tech/BE/M Tech in Computer Sciences with knowledge of statistical tools like SAS/R and working knowledge of query language SQL/MySQL/T-SQL and more.

The data analyst expert would integrate large volumes of data from multiple sources and create reports as per business requirements. He/she would also have to mine the data and implement predictive scoring models to enable decision support system.

In this context Goel highlighted that data scientists will be hired more and more by e-commerce companies in 2015. “Data scientists would emerge as the USP of e-commerce vendors which will give them the much needed edge to compete in the ecommerce industry which is suddenly getting highly aggressive with the entry of ecommerce giants as well as domestic startups”. 

Opportunity for techies

This trend is set to strengthen in the near future with other industries such as automobile, logistics and retail looking out for data scientists.

For those techies planning to upskill, it’s the right time to obtain certifications and experience in tools like R, SPSS, SAS and Mahout. It is a good time for techies to make the move, considering the interesting salary package and career path that the industry is ready to offer.