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Become a Data Scientist - Study Data Science or not?

08/24/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Many students and high school graduates ask themselves what, in view of the future, would be a good and thus above all sustainable career choice.

If there is a fundamental interest and talent in the topics of IT, software, programming and statistics and mathematics, a number of possible courses of study could be listed.

Whoever finds the profession of a programmer or data engineer too one-sided should look into the job description of a data scientist.

In contrast to pure programmers, the profession of a Data Scientist combines planning, programming and statistical analysis and can therefore definitely be considered more diversified.

Currently, Data Scientists are highly demanded professionals in the labor market. However, whether labor demand in Data Science will continue to exceed supply remains to be seen.

Because in addition to the traditional route of studying, e.g., computer science or business information systems or bachelor's and master's degree programs directly in the field of Data Science, there are an increasing number of fast-track courses and private training programs designed to impart the skills in demand on the market in a compact or condensed format.

The increasing number of available Data Scientists, the further globalization and flexibilization and the increasing acceptance regarding the possible elimination of the need for a degree, could lower the salary level again, seen in the long term. At the same time, simpler tasks in the day-to-day work of a Data Scientist will be able to be partially or completely taken over by algorithms due to automation and advances in the field of artificial intelligence / AI.

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12/10/2021 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

From January 2022 onwards, we will publish regular short reports on our blog about the recent startup activity in Germany, about changes in both our Entrepreneurship and Media & PR databases, and about current topics from a statistical perspective - e.g. the Corona pandemic.

In our changelogs you will find the number of changes as well as the number of new database entries, and a visualization using graphs to track the development (see our Corona Dashboard).


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