Data Science Jobs, Salaries, and Course fees in Colombo
Datamites Team
With the increased funding for research and development, technological improvements are occurring swiftly. The incredible success of Sri Lanka in the fiercely competitive field of global innovation is now being noticed by the rest of the globe. The discussion surrounding AI, data science, machine learning, and deep learning has become increasingly loud in the country.
Colombo, the capital of the nation and a significant port on the Indian Ocean, is without a doubt the best metropolis pursuing technological growth. Colombo handles exports to Sri Lanka, which has one of the biggest artificial harbors in the world. It isn’t surprising to hear that the city is quickly developing a reputation as a technology hub in Sri Lanka.
Define Data Science
Data science can be summed up as a combination of mathematics, business acumen, tools, algorithms, and machine learning techniques, all of which aid in the discovery of hidden patterns or insights in large amounts of raw data that can greatly aid in the formulation of important business decisions.
Organizations amass large amounts of unstructured data, which they then contribute to the data store. The hardest task is separating the significant sets from the redundant ones, though. Data processing and organization are aided by data science. The future and the now are everything in data science. In other words, it involves looking at historical data to find patterns that can be modelled and utilized to anticipate the future as well as trends that can inform current actions.
Read the article: What are the Top IT companies in Sri Lanka?
Why is data science pursued by many?
Data science is now essential for businesses due to the close volume of data being synthesized and the proliferation of the analytics industry. Corporates and companies in finance, marketing, information technology, retail, banking, or education, you name it, want to make the best use of their data. Well, who doesn’t?
Organizations have been focusing on their data science and data analytics precepts as a result of the growing reliance on technology to produce concrete business results. More so now that the economic collapse brought on by the pandemic hangs over this field. Infact, the market for data science was valued at USD 96.3 billion in 2021, which by 2030 is envisioned to hit USD 378.7 billion, amplifying at a compound annual growth rate of 16.43% from 2022 to 2030!
Given the pay rate that corporations are willing to provide, the worldwide remark on data science being the 21st century booming career, it is a thriving employment choice for many. It’s time to board this bandwagon, especially with so many data science jobs and opportunities springing up! Globally, there is a big market for data science professionals as a direct consequence of this.
Refer the article for more details: Data Scientist Job Opportunities, Salary Package and Course Fee in Sri Lanka
Data Science Career Paths to Pursue
According to a recent report, there will be a 27.6% increase in the need for data scientists and their abilities by the year 2026. The demand for Data Scientists in the IT industry will increase as more and more companies and corporates would want to use the massive amounts of data to their best advantage. As a result, there will be more job stability and competitive compensation. A wide range of job roles in data science can be found owing to this
- Data Engineer
- Data Scientist
- Business Intelligence Analyst
- Machine Learning Engineer
- Data Architect
- Database Developer
- Database Administrator
- Statistician
- Marketing Analyst
- Business Analyst
- Data Mining Specialist
Skills for Data Science Excellence
In an unpredictable world, data is more crucial than ever. Businesses will need workers with data analytics and data science skills as they continue to adapt in order to assist them to make data-driven decisions and optimize their resources. However, the road to becoming a data scientist is far from simple; it entails constant learning and unlearning of challenging concepts and ideas from other domains, and demands technical aptitude throughout your professional life.
Hard Skills for Data Science Professionals
- Programming Languages like python, R, C.
- Data Visualization, Data Mining, ML, and Artificial Intelligence
- Terminologies interrelated to statistics, mathematics, and probability
- Awareness of the cloud platforms – AWS, GCP, and Azure.
- Business Mindset
In addition to having technical knowledge of libraries, frameworks, and algorithms, a data scientist, or any data science professional for that matter must also possess some soft skills. A certain level of vision, imagination, and creativity are also necessary for the nature of the jobs and activities associated with data science.
Refer these articles for more information:
- Support Vector Machine Algorithm (SVM) – Understanding Kernel Trick
- Outlier Detection and Its importance in Machine learning
- Different Types of Feature Scaling and Its Usage?
Soft Skills for Data Science Professionals
- Creating a story out of facts
- Being able to communicate effectively
- Being cooperative and collaborative
- Having an analytical mindset
- Being strategic in decision-making
- Thinking out of the box
- Paying close attention to details
The most challenging aspect of making the switch from a wannabe data scientist to a full-fledged six-figure professional is gaining the necessary skills. The greatest method to start if you’re wanting to break into the industry is to become familiar with the most recent tools and techniques. Consider enrolling in a relevant data science course if you feel like you could improve some of your hard data abilities.
How much does a data scientist get paid in Colombo?
Data science experts are in high demand; according to the US Bureau of Labor Statistics (BLS), from 2020 to 2030, jobs in the fields of statistics and mathematical science are predicted to expand by 33% and by 35%, respectively. The average growth rate for all jobs is 8%, so this is a significant increase.
A profession in data science is a wise choice since, in addition to being in style and lucrative, data may very well be the fulcrum around which the entire economy will spin. In light of this, working as a data science specialist in Colombo can help you make a sizable wage.
- A data scientist’s salary in Colombo is LKR 60,000 a month according to Glassdoor.com.
- Whereas, Salaryexplorer.com reports that a data scientist in Colombo earns an average salary of LKR 506,000 on a yearly basis.
- The salary for a data scientist in Colombo on average is LKR 140,000 per annum. (Payscale.com)
The goal of Sri Lanka‘s “Vision 2025” is to increase economic growth and establish the island as a major hub for the Indian Ocean. An information-based, fiercely competitive, social market economy serves as the foundation of this idea. The country offers sizable salary packages for data science professionals;
- According to Glassdoor, the national average salary for data scientists in Sri Lanka is LKR 500,000 per annum. In Sri Lanka, the lowest yearly income for a Data Scientist is LKR 200,000. In Sri Lanka, the highest wage for a Data Scientist is LKR 676,000 per annum.
- As per salaryexplorer.com, the average data scientist salary in Sri Lanka is 1,720,000 LKR a year. Per month a data scientist in Sri Lanka can expect to earn an average of LKR 140,000 while this amount can also vary from LKR 74,600 to LKR 220,000 a month.
- As per payscale, a data scientist in Sri Lanka receives an average salary of LKR 165,000 a year.
Getting Started in the Data Science Domain
There is no upper limit on the age at which one can begin a career in data science. Upon graduation, you have the option of starting right away or delaying it until you have gained some professional experience. We’ve already learned this from organizations like Spotify, Apple, Google, Twitter, Swiggy, and Ola, as well as from the desire of everyone to be the best in data science and machine learning. Without a question, one of the sectors with the fastest rate of growth is data science.
Have you thought about getting data science certified? If you finish your professional certification course from a respected university, you can be confident that you will discover all the most updated and key information regarding the direction that the area of data science is currently moving. DataMites is the international provider of Data science courses in Colombo. The best DataMites certifications in data science listed below are essentially ideal for beginners, experts, and professionals with intermediate skill levels.
- Data Science Foundation
- Certified Data Scientist
- Diploma in Data Science
- Data Science for Operations
- Python for Data Science
- Statistics for Data Science
- Data Science for Marketing
- Data Science for Managers
As a matter of fact, having a Data Science Certification in Colombo will allow you to stay informed about the most recent techniques in the area. You will be able to gain a variety of fresh facts concerning the evolution of the field of data science as well as the most recent and most recent advancements in it.
Refer these articles to learn more:
- Best Categorical Variable Encoding Techniques
- What is Machine Learning & Types of ML Algorithms
- Introduction to Implementing Neural Network
How much is the Data Science Course Fee in Colombo?
DataMites data science training in Colombo is online and usually takes eight months to complete. The courses will be comprehensive and follow a well-thought-out path to reach your objective. The practical exposure in the course can help you create a portfolio that you can use to show prospective employers your proficiency in data science. Our entire curriculum now carries the universally regarded IABAC accreditation mark.
The typical data science course fees in Colombo are between 225,286 LKR to 450,572 LKR. In contrast, DataMites offers flexible pricing for online data science courses in Colombo. The cost of data science training in Colombo is LKR 380,540 but you can now sign up for it for just LKR 227,979!
Final Say
Data science has demonstrated its ability to change industries and our society. Data science has grown in popularity however, is severely lacking in qualified data scientists. Despite the fact that employment opportunities in the field of data science are steadily increasing, there is a glaring scarcity of data scientists. Despite the fact that there is a clear shortage of data scientists, employment prospects in the field of data science are rapidly growing.
Therefore, whether you want to work in IT, advance your data science abilities, or integrate data science into your current employment, you’ll need data science competence, which you can get through our data science training in Colombo. Since data science is a field that is used in almost every industry, having expertise in the field will be evidently worthwhile.
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