It should come as no surprise that demand for folks with data science expertise exceeds supply. In fact, according to some McKinsey, there are only half as many qualified data scientists as needed. The good news is the market will likely resolve the shortage in the long run. But in the short run, the talent gap creates some challenges for an organization looking to get ahead with data.
Thanks to their ability to use math and computer science to turn big data into business gold, data scientists are the rock stars of the advanced analytics world (at least as data scientists have traditionally been defined). As more companies start investing in AI, they’ve looked to data scientists to lead the way. In response to the increased demand for data scientists and other folks at the sharp end of the data science stick – we’re looking at you, data, machine learning, and deep learning engineers — it’s driven their salaries up into the mid six-figure range.
Author: Alex Woodie