The most in-demand careers right now involve effective use of data. Companies and organizations are increasingly seeking professionals with the technical knowledge to find new and unexpected relationships in large data sets. Using techniques rooted in Artificial Intelligence, these professionals are able to provide recommendations for decision-making and exploring opportunities. Recent studies estimate that by 2018, between 290,000 and 340,000 jobs in data analytics will be created in the U.S. alone—more than half of which are predicted to go unfilled.
Before the advent of “big data,” analysts would solve a problem such as determining what to charge for car insurance by looking at claims and calculating the average. But all drivers are not equal. By delving into vast amounts of data and looking for new correlations between various factors (say, credit card habits and driving records), data analysts can help companies accurately project cost, risk, and other factors—and craft sound business strategies.
With a major in Data Analytics, you could build a career in many diverse arenas including insurance (predictive modeling, underwriting, evaluating risk), computing (machine learning, computational modeling), mathematics (creating complex operations to examine real-world problems), sports (evaluating player performance), politics (forecasting election results), business (targeting social media advertising), health care (anticipating epidemics), education (individualizing lesson plans), and other areas.