Is Data Science worth it.docx - In 2017, the Economist made...

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In 2017, the Economist made headlines stating, “The world’s most valuable resource is no longer oil,but data.” Now, this analogy may seem to be a little odd in the first place, but if we dive deeper, justlike oil was a valuable asset for organizations years ago, it has now been replaced by data. As thebusiness world inches closer to digitalization, data has become more important than ever.With data being termed as the future oil for organizations, analytics have become an engine thatdrives it to arrive at meaningful insights. The powerful combination of both is what is driving thefuture scope of data science. All across the globe, organizations are innovating multiple methods toharness data and use this powerful tool to drive their businesses.The confluence of massive data influx and the need to harness this huge amount of data hastogether built a big job market in data science. Termed as “one of the sexiest jobs in 2021” by theHarvard Business Review, data science has introduced a whole new array of jobs to the market.

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