Organizations today are grappling with how to make sense of an inordinate amount of disparate data. The ability to transform a sea of data into actionable insights can have a profound impact—from predicting the best new diabetes treatment to identifying and thwarting national security threats. That’s why businesses and government agencies are rushing to hire data science professionals who can help do just that. By extrapolating and sharing these insights, data scientists help organizations to solve vexing problems. Bringing together computer science, modeling, statistics, analytics, and math skills—along with sound business sense—data scientists uncover the answers to major questions that help organizations make objective decisions.
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A guide to what you need to know, from the industry’s most popular positions to today’s sought-after data skills.
Data Scientist Responsibilities
Data scientists work closely with business stakeholders to understand their goals and determine how data can be used to achieve those goals. They design data modeling processes, create algorithms and predictive models to extract the data the business needs, then help analyze the data and share insights with peers. While each project is different, the process for gathering and analyzing data generally follows the below path:
- Ask the right questions to begin the discovery process.
- Acquire data.
- Process and clean the data.
- Integrate and store data.
- Initial data investigation and exploratory data analysis.
- Choose one or more potential models and algorithms
- Apply data science methods and techniques, such as machine learning, statistical modeling, and artificial intelligence.
- Measure and improve results.
- Present final results to stakeholders.
- Make adjustments based on feedback.
- Repeat the process to solve a new problem.
Common Data Scientist Job Titles
The most common careers in data science include the following roles.
- Data scientists: Design data modeling processes to create algorithms and predictive models and perform custom analysis.
- Data analysts: Manipulate large data sets and use them to identify trends and reach meaningful conclusions to inform strategic business decisions.
- Data engineers: Clean, aggregate, and organize data from disparate sources and transfer it to data warehouses.
- Business intelligence specialists: Identify trends in data sets.
- Data architects: Design, create, and manage an organization’s data architecture.
Learn More: Data Scientist vs. Data Analyst
Data Science Career Outlook
By many accounts, becoming a data scientist is a highly desirable career path. For four years in a row, Glassdoor ranked data scientists as one of the 10 best jobs in America, based on median base salary, the number of active job openings, and employee satisfaction rates. Likewise, Harvard Business Review called data science “the sexiest job of the 21st century,” noting that “high-ranking professionals with the training and curiosity to make discoveries in the world of big data” are in major demand.
From startups to Fortune 500s to government agencies, organizations are seeing the value in capitalizing on big data. Google’s Chief Economist Hal Varian spoke about the need for data scientists back in 2009, telling McKinsey Quarterly, “the ability to take data—to be able to understand it, to process it, to extract value from it, to visualize it, to communicate it—that’s going to be a hugely important skill in the next decades.”
This prediction proved prescient. LinkedIn calls data science the most promising job of 2019. The job site Indeed.com recently shared statistics about the surge in data science career opportunities.
The United States Bureau of Labor Statistics concurs, stating that employment of all computer and information research scientists is expected to rise 19 percent by 2026—a rate of increase that exceeds many other professions. Yet, data scientists are relatively scarce, meaning it’s now an opportune time to upskill and enter the field.
Data Scientist Salaries
Indeed.com calculated average salaries for data scientists employed across the U.S.:
Essential Data Science Skills
Most data scientists use the following core skills in their daily work:
- Statistical analysis: Identify patterns in data. This includes having a keen sense of pattern detection and anomaly detection.
- Machine learning: Implement algorithms and statistical models to enable a computer to automatically learn from data.
- Computer science: Apply the principles of artificial intelligence, database systems, human/computer interaction, numerical analysis, and software engineering.
- Programming: Write computer programs and analyze large datasets to uncover answers to complex problems. Data scientists need to be comfortable writing code working in a variety of languages such as Java, R, Python, and SQL.
- Data storytelling: Communicate actionable insights using data, often for a non-technical audience.
Data scientists play a key role in helping organizations make sound decisions. As such, they need “soft skills” in the following areas.
- Business intuition: Connect with stakeholders to gain a full understanding of the problems they’re looking to solve.
- Analytical thinking. Find analytical solutions to abstract business issues.
- Critical thinking: Apply objective analysis of facts before coming to a conclusion.
- Inquisitiveness: Look beyond what’s on the surface to discover patterns and solutions within the data.
- Interpersonal skills: Communicate across a diverse audience across all levels of an organization.
Starting a Career in Data Science
Most employers look for data science professionals with advanced degrees. Candidates for data science roles usually begin with a foundation in computer science or math and build on this with a master’s degree in data analytics. In these graduate-level programs, professionals gain core competencies in skills such as predictive analytics, statistical modeling, big data, data mining applications, enterprise analytics, data-driven decision making, data visualization, and data storytelling.
Learn more: How to Transition to an Analytics Career
Earning a Degree in Data Analytics
Studying data analytics teaches students how to employ statistics, analytics systems technology, and business intelligence to achieve specific goals. With this foundational knowledge, students discover how to find a logical, data-driven path to resolving a complex problem. They also learn how to overcome data obstacles, such as dealing with uncertain data sets and reconciling data from disparate sources.
The Master of Professional Studies in Analytics program at Northeastern University prepares students by applying the principles, tools, and methods of analytics to a project within a sponsoring organization. Graduates complete the program with a core analytical skill set upon which to layer more specialized technical or industry-specific applications. Experiential learning is a key component of the program. Students learn by building portfolios of real-world projects, demonstrating competency with key technologies, visualization, and communication techniques, and the ability to translate information into recommended actions.
To learn more about advancing your career in data science, download our comprehensive guide below.