The average annual base salary for data scientists is $ $97,483, according to Payscale. With that variety, it will be in your best interest to focus your resume as specifically as you can to each of your areas of interest. Communications, media, and entertainmentĮach of these industries uses big data to inform decision-making and solve problems, but each has different needs and goals.The GeeksforGeeks list adds even more potential employer sectors: Which ones are making the most of it right now? Here are the top verticals where Data Science Central believes data scientists can use their skills best and earn the highest salaries: Data scientists work with unstructured data and their modeling techniques may include machine learning and deep learning protocols.

As a data scientist, you take that data, analyze and interpret it, so that it can be used to make decisions about everything from which color to make a product to where the biggest need for a government program lies. In our technology-driven world, companies are gathering large caches of information about human behavior, demographics, and any other category that can be quantified.

That means that by 2022, revenue would reach $274.3 billion, IDC believes. Big data and data analysis spending is forecast to have a compound annual growth rate of 13.2 percent from 2018 to 2022.

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