To address the demand, universities have been increasing the number of masters in data engineering and data analytics. Common job titles include:ĭata scientists are in high demand - and employers don’t find enough graduates to fill their openings.
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If you are a specialist who knows how to “crunch the numbers”, you will be a valuable team member in many parts of an organisation. The job titles you will encounter are as diverse as the responsibilities you will have.
And because data drives decisions - from small regional offices to the boardroom - graduates from study programmes in Data Science will be directly involved in important strategic decision-making processes.
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It’s not just big IT and software companies: Data experts are needed in banking and finance, automotive, energy, healthcare, transport, retail, and virtually every domain you can think of. That is why data is so important to all organisations, and at all levels. If you can’t measure it, you can’t manage it. Consider the famous quote attributed to management guru Peter Drucker: With the increase of computing power and digital storage come many new possibilities that - just ten to fifteen years ago - were beyond our imagination.īut such new developments are not confined to the technology industries themselves. But in other areas, advanced statistics drive new developments: For instance, data on user behaviour and predictive analytics help companies improve the user interfaces (UI) of their software products and detailed performance analyses help businesses track the return-on-investment (ROI) of their marketing campaigns and make smarter decisions.ĭata and information have become the key resources in a wide range of industries. Data analyses enable completely new generations of technological solutions: Machine learning and artificial intelligence (AI) is one example where we see great changes already happening. Now that conventional hardware is pushing physical limitations, the focus has been shifting to software-driven applications.ĭata has been called “the oil of the digital economy” ( Wired) because of its immense potential you could say it would fuel our future. Data Science is exciting - and data fuels the futureįor decades, technological advances were mostly driven by improved hardware: Processing power increased and led to more possibilities. If you are asking yourself: Why should I study Data Science? - then read on and learn more about this fascinating subject: 1. For years, Big Data has been one of the hottest topics in technology: Data Scientists are in high demand, and more and more universities in Europe are offering specialised Data Science Masters degrees.
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