In association with SMEARS EDUCATION SOLUTIONS LLP

We can universally agree on the fact that today’s employment scenario has become highly cut-throat and competitive. Changes in society, lifestyle and technology have all had a profound effect on the professional world, as well as the job market. There’s a wide array of skill sets and technologies that millennials can use in jobs that didn’t exist in decades past. According to the Bureau of Labor Statistics, the US job market is constantly tightening, while the Indian job market hasn’t started out well in 2018 and will continue to be tough for some time. 

Becoming a data scientist is one of the hottest and trending career options of the decade. The demand for data scientists is huge and is projected to grow by 15% over the next five years, which translates to nearly 300,000 new job postings expected nationally by 2024. The fastest-growing roles are Data Scientists and Advanced Analysts, which are projected to see demand spike by 200% by 2025. Thus, choosing data science as a career option has a lot of scopes and will remain so in the near future.

The other in demand course is actuarial science

The workforce needs in the recent years have shifted rapidly and there is a huge demand for a new breed of professionals skilled in data, analytics, machine learning and artificial intelligence requires a requisite response from both higher education and workforce development. Analyzing that these job roles are in demand today, you might want to consider choosing this as your next career role. These hybrid jobs require deep expertise in multiple functional roles, but why not take a chance and go down this path? 

To do so, you require skills such as SQL, Predictive modelling, Mathematics Statistics, Machine learning, R & Python programming.

We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before. We do not yet know just how it will unfold, but one thing is clear: the response to it must be integrated and comprehensive, involving all stakeholders of the global polity, from the public and private sectors to academia and civil society.

The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.

The world is going through a workplace revolution that will bring a seismic shift in the way humans work alongside machines and algorithms, according to new research by WEF. By 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29% today. Such a transformation will have a profound effect on the global labour force. However, in terms of overall numbers of new jobs the outlook is positive, with 133 million new jobs expected to be created by 2022 compared to 75 million that will be displaced. Based on a survey of chief human resources officers and top strategy executives from companies across 12 industries and 20 developed and emerging economies (which collectively account for 70% of global GDP), the report finds that 54% of employees of large companies would need significant re- and up-skilling in order to fully harness the growth opportunities offered by the Fourth Industrial Revolution. 

The Internet of Things (IoT), artificial intelligence (AI), augmented reality, the list goes on. These are considered important elements of the Fourth Industrial Revolution that blurs the lines between physical, digital, and biological. Central to this lies data and analytics. So, how can African organisations benefit from this dynamic new environment?

The ability to utilise and analyse data is going to be one of the biggest drivers of business in the future. This enables a better understanding of one’s business and customer requirements. Forming part of this journey is the shift towards a more mobile-centric landscape that sees people expecting to have access to real-time information for informed decision-making. Countries in Africa are in a strong position to benefit from this as they have long been mobile-first marketplaces.

Given how data is a representation of information or performance of a business at a specific moment in time, analysing it can reveal a wealth of insights. These allow for a greater understanding of what is happening in the business and how to improve its performance by taking cognisance of internal and external factors that could impact it.

Any business that can effectively analyse its data will have a massive advantage over its competitors as it will be able to adapt to changing trends and customer demands faster than those that do not have the same insights.So students from mathematics statistics, actuarial science background can join best coaching to make a great career.