Average Salary for Indian Data Science professionals in 2023
What is Data Science?
Data Science is the branch of study that deals with vast volumes of data using modern tools and techniques to see unseen patterns, derive meaningful information and make business decisions. Data Science uses complex machine learning algorithms to build predictive models. You can learn more about Data science by doing various online courses or by attending an institute and getting a graduate degree. Digifine is one of the best data science institutes in Mumbai which offers a data science course which consists of comprehensive syllables making you a great data scientist in the industry.
What is a Data Science Lifecycle?
Data Science’s life cycle consists of five different stages:
Capture- This stage involves gathering raw structured and unstructured data.
Maintain- This stage takes the raw data and puts it in a form that can be used.
Process- This stage takes the prepared data and examines its patterns, ranges and biases to determine how useful it will be in predictive analysis.
Analyze- This stage involves the various analyses on the data.
Communicate- In this stage analysts prepare the analyses in consumable forms like charts, graphs, reports etc.
You can learn more about the Data Science lifecycle through data science courses or by attending a data science institute. Digifine is one of the best data science institutes in Mumbai which offers a data science course which consists of comprehensive syllables making you a great data scientist in the industry.
Skills required to be Data Scientists?
Machine Learning: Machine Learning is the backbone of Data Science. In order to become a data scientist you need to have a solid grasp of machine learning and basic knowledge of statistics.
Modeling: Mathematical Models enable you to make quick calculations and predictions based on the data available to you. Modeling is a part of machine learning which involves identifying which algorithm is the most suitable to solve a given problem and how to train these problems.
Statistics: Statistics is at the core of data science. A good knowledge of statistics can help you extract more intelligence and obtain more meaningful results.
Programming: Programming is essential to execute a successful data science project. The most widely used programming languages are Python and R programming. Python is more popular because it is easy to learn and it supports multiple libraries of data science and machine learning.
Databases: A skilled data scientist needs to understand how databases work, how to manage them and how to extract data from them.
You can learn these necessary skills required to become an excellent data scientist by doing a data science course or attending a data science institute like Digifine which offers a data science course which consists of comprehensive syllables making you a great data scientist in the industry.
Career in Data Science
According to Forbes, demand for data scientists will increase by 28% by 2026. The profession of data scientist came in second in Best Jobs in America 2021 survey. Hence, if you are looking for an exciting career that offers stability and a generous compensation then data science is the field you are looking for. You can give your career an early boost by doing a data science course or attending a data science institute.
Data Science in India
India contributed to 9.4% of the total data science jobs which is a rise from 7.2% in early 2020. The Humans of Data Science’ report revealed that data science will produce roughly 11.5 million job openings by 2026. Data Scientists are one of the highest paid employees of most companies in the country. According to Analytics India Magazine research around 1,400 data science professionals working in India make more than Rs. 1 crore. So if you are someone who is looking forward to make a career in Data Science in India you can kick start your career by doing a data science course or by attending a data science institute like Digifine which offers a data science course which consists of comprehensive syllables making you a great data science professional in the industry.
Average Salary for Data Science in India
The average salary for Data Scientists in India is Rs. 6.9 lakhs per annum. The salary of a data science professional depends on various factors like work experience, the type of data science jobs, location of the job and many more such aspects.
Average salary for Data Science in India based on experience
Beginner: In India the average salary for Data scientists for a beginner who is a recent graduate with the relevant skills is Rs. 5.1 lakhs per annum.
1-4 years of experience: A data scientist in India with one to four years of work experience earns an average salary of Rs. 7.7 lakhs per annum.
5-9 years of experience: A data scientist in India with five to nine years of work experience earns an average salary of Rs. 12-14 lakhs per annum.
Average salary for Data Science in India based on location
Chennai- An average salary for a data science professional in Chennai is Rs. 7.9 lakhs per annum..
Bangalore- An average salary for a Data Science professional in Bangalore is Rs. 9.8 lakhs per annum.
Mumbai- An average salary for a Data Science professional in Mumbai is Rs. 7.8 lakhs per annum.
Hyderabad- An average salary for a Data Science professional in Hyderabad is Rs. 7.9 lakhs per annum.
Pune- An average salary for a Data science professional in Pune is Rs. 7.2 lakhs per annum.
Kolkata- An average salary for a Data science professional in Kolkata is Rs. 4.2 lakhs per annum.
Average Salary for Data Science in India based on skills
Programming languages- The ability to use programming languages like R and Python effectively can get you an average salary around Rs. 10.2 lakhs.
Data Analysts- If a Data Analyst has knowledge about both Big Data and Data science their income rises by 26%, compared to when they know only one of them.
Artificial Intelligence- Artificial Intelligence can advance your career in data science. An average salary for a data scientist with knowledge on artificial intelligence is Rs. 5-6 lakhs per annum.
Conclusion
As we keep moving into the information age, being a successful data scientist not only requires technical capabilities but also thorough knowledge of business requirements, collaboration with various stakeholders and persuasion of business executives to act on the information offered. You can become a great Data Scientist who can cut through the competition in the industry by either doing a course on data science or attending a data science institute like Digifine which offers a data science course which consists of comprehensive syllables making you a great data science professional in the industry