- Why are Data Scientists in demand?
- Salary of a Data Scientist in South America
Everyone is being drawn towards learning Data Science.
Are you one among them? Do you live in any of the South American countries?
What is the factor that you look for before switching into a career in Data Science in South America?
Well, of course, it must be salary.
This article explores the salaries of a Data Scientist in different regions of South America.
Data Science is the new buzzword of the 21st century. It is showing its influence in almost every field of business. Data Science is helping organisations to derive bigger benefits. Organisational decisions are made, mainly based on the insights derived from the huge amounts of data collected from various sources. All the credit goes to the Data Scientist. A Data Scientist is the backbone of every business and plays a significant role in influencing its future.
Why are Data Scientists in demand?
The last decade witnessed a significant surge in the data being generated in organisations. This trend continues to grow. We can understand the importance of a Data Scientist if we look at the following scenario.
Let us consider a Data Scientist who is analysing an organisation’s sales data. He pulls out the raw data and makes use of Statistical tools to derive meaning out of them. The results obtained are called the insights that are shared with the stakeholders in the organisation.
The results as derived by the Data Scientist may not be understood by others. It is up to the Data Scientist to deliver the information to them in a convincing manner, which is possible through Data Visualisation. It involves representing the data in the form of graphs and charts. This is known to be the most effective way of communicating a large amount of data to date. It helps in inducing a certain amount of os story-telling, which gives an interesting reading experience.
Now, who could make it possible, other than a Data Scientist. For this reason, Data Scientists are in demand everywhere. Data Science jobs are also giving out a light of hope for every job seeker. A report by the Times Of India on future careers mainly talks about the growing demand for Data Scientists.
According to the World Economic Forum (W.E.F), Data Scientist roles are expected to emerge as No. 1 in the world by 2022. The Data Analytics market is currently valued at $3.03 billion. This number is expected to grow by 2025.
Salary of a Data Scientist in South America
The salary of a Data Scientist in different countries of South America is shown below.
Data Science salary in Argentina
Argentina has lots of companies, employing Data Scientists. Some of the best known among them include – United Virtualities, Process Technologies, IncluIT, Extendo.
According to Glassdoor.com the average salary of a Data Scientist in Argentina is ARS$ 125,000 per year. The Payscale reports show the average salary of a Data Scientist in Argentina as ARS$ 860,000 per year. However, the salary may vary based on the skills.
Data Science salary in Brazil
The average salary of a Data Scientist in Brazil according to Glassdoor is R$ 98,000 p.a. The Payscale reports show the salary of a Data Scientist in Brazil as R$ 76,154. According to Indeed.com the average salary of a Data Scientist in Brazil is R$ 91,310.
As per the Salary, Expert reports the average salary of a Data Scientist in Brazil is R$ 133,879 per year.
Data Science salary in Chile
According to Payscale the average salary of a Data Scientist in Chile is CLP$ 34,000 per annum. The Salary Explorer reports show the average salary as 1,640,000 CLP per annum.
Data Science Salary in Bolivia
The salary of a Data Scientist in Bolivia based on the reports shown in Salaryexplorer is 13,900 BOB per month. As per the Glassdoor reports the average salary of a Data Scientist in Bolivia is 106,150 BOB per month. The Indeed reports show the average salary of a Data Scientist as 84,435 BOB p.a.
Data Science salary in Colombia
According to reports by Salary Explorer, the average salary of a Data Scientist in Colombia is 7,820,000 COP per month. Further reports reveal that a majority of the data science professionals earn 11,800,000 COP p.a. Glassdoor sources show the average salary of a Data Scientist in Columbia as 88,631 COP p.a.
Data Science salary in Ecuador
According to Glassdoor.com, the average salary of a Data Scientist in Ecuador is $ 1,200 per month. The data is as updated on January 2021. According to the information provided by Salary Expert, the average salary of a Data Scientist in Ecuador is $ 37,578.
Data Science Salary in Venezuela
According to Salary Explorer, the average salary of a Data Scientist in Venezuela is 218,000 VES per month.
Data Science Salary in Uruguay
According to the data shown by teleport, the average salary of a Data Scientist in Uruguay is $ 31,007.
Data Science will make way for new possibilities in the years to come. It is set to transform the global job scenario. Therefore, there is a need that you get yourself upskilled in Data Science. DataMites provides training in Data Science courses. The courses are accredited by IABAC( International Association of Business Analytics Certifications), which are globally recognised and helps to add value to your career.