Germany: Accelerate your data science career with a degree from Germany

The World Economic Forum’s “Future of Work Report 2020” estimates that demand for data professionals will be at its highest by 2025, making data science and cloud computing the most in-demand skills. Leading technology and consulting firm Gartner predicts that 70% of organizations will focus on small and big data by 2025. Globally, organizations are focusing on methods to use and organize data for their strategic goals.

Data science experts are needed across industries, not just technology. It’s no surprise, then, that a report from the US Bureau of Labor Statistics shows that data science needs will create an estimated 11.5 million jobs by 2026.

Data Science is an amalgamation of computational mathematics, computer science, statistics and management. He restructures big data with analytical, technical and scientific skills. A Data Science degree gives graduates a career advantage, whether as a major or as an added value to another major. Most universities and colleges now offer courses in data science and analytics, along with degrees in statistics, computer science, and information science.

Pursuing Data Science in Germany and scope

With an international reputation for world-class teaching and modern infrastructure, German universities give students a deep understanding of modules such as applied statistics, practical machine learning, database systems, data preparation and decision analysis, all of which are often used in enterprises .

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According to the QS World University Rankings by Subject (Statistics and Operational Research) 2022, four German universities are among the top 100. The list includes the Technical University of Munich, Humboldt-Universität zu Berlin, Ludwig-Maximilians-Universität München and Technische Universität Berlin (TU Berlin). Additionally, according to US News & World Report, the research-intensive curriculum places the German education system in the top three.

Students in Germany can pursue data science at both the master’s and bachelor’s level. Universities offer a myriad of specializations in data science, including machine learning, artificial intelligence, big data management, applied data science, mathematics in data science, and more. German universities have impressive industry links with Airbus, Allianz Global Investors, ERGO, etc., which offer students an unparalleled opportunity to acquire advanced skills.

According to Statista, a German company specializing in market and consumer data, organizations that hired 50 data specialists or more increased from 30% to 60% between 2020 and 2021. The convergence of several technological trends is encouraging the hiring of data specialists experts.

Data Science: Relevance across industries

The application of data science has expanded across industries. Starting with finance and banking, the sector that first understood the power of data science, industries that use data science include media, advertising and marketing, healthcare, manufacturing, retail, and more.

It is also indispensable in the meta-environment. The shopping experience in the metaverse, where data entered by people shapes their shopping experience, and how data is channeled by brands to market their products with the help of AI, speaks to the vital role that data science is playing in transforming the metaverse. Global giants such as Amazon and Netflix are also using data to offer personalized experiences to their customers.

The value of data and analytics has led to a paradigm shift in the relationship between producers and consumers. Alphabet, which used its algorithmic edge to push Google ahead of older search engine rivals, is now using its vast talent base of data experts to expand into new businesses, such as developing autonomous vehicles. Apple leverages its unique data, infrastructure and product platform to enter the financial domain with Apple Pay. Today, transactions produce valuable information, and gaining the skills to understand this data can give businesses an edge.

Careers in Data Science

Five of the world’s largest technology companies – Microsoft, Amazon, Google, Apple and Meta – are the largest employers of data engineers and scientists.

The field of data science has gained immense popularity among young professionals. Some top profiles are data engineer, data scientist, data architect, computer and information research scientist, data analyst, and machine learning engineer.

In Germany, the average salary for data scientists is €66,000, while senior data scientists can earn up to €86,000 and lead data scientists can earn over €106,000, according to Glassdoor. Additionally, the average annual salary of a data scientist in the UK and France is €56,000 and €45,000 respectively.

The bottom line Technological evolution and the generation of huge amounts of data (Big Data) drive the vast scope of Data Science. It has found applications in various industries, considering that any interaction and exchange in any kind of technological field is possible due to a certain set of data.

Revolutionary technological concepts such as Deep Learning, Artificial Intelligence, Internet of Things and others have enhanced the influence of data science in various fields.

That’s exactly why universities around the world are focusing on programs that can help the future workforce make sense of the vast data available now. Students enrolled in a data science program in Germany can benefit from various specializations, hands-on training, innovative study modules and modern facilities.

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