Why do data scientists make so much money?

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It's a career that barely even existed five years ago, but the field of data science has exploded alongside the maturation of the internet. Indeed, data scientists command an average salary of $123,000 with many of them surpassing the $200,000 mark, and Harvard Business Review has called it "the Sexiest Job of the 21st Century."

But how can such a young career path already be in such high demand? And what even is a data scientist?

Data science is a field that's evolving as quickly as the technology it engages. As businesses stumbled into the 2010's, they found themselves in a wholly different landscape where conventional wisdom regarding audiences and consumer metrics had been tossed straight out the window.

This was exacerbated by the rise of mobile, which confounded even businesses that had just gotten a handle on this whole internet thing. In short, companies had no idea what they were doing.

Enter the data scientist.

Data scientists are multi-disciplinary experts who use analytical technology like data mining, artificial intelligence, and predictive analytics to get companies the information they need to navigate the modern market.

They are programmers, statisticians, and market analysts all rolled together. They serve as eyes and ears for businesses that can no longer tell where their potential consumers are hiding or how the market is changing.

In short, companies had no idea what they were doing.

Most recently, developments in machine learning have massively increased the power wielded by data scientists. Now even massive companies like Amazon and Netflix would be flying blind without the aid of data scientists, so when you think about it, it's no wonder these cyber sentinels can command such high salaries.

If you're interested in learning more, there is a well-reviewed course on Udemy that has equipped thousands of students for careers in this field.

Although admission to "Data Science and Machine Learning with Python – Hands On!" normally costs $120, Udemy is currently holding a site-wide sale that knocks 84 percent off that price. If you act by November 15, you can snag the whole package for just $19.

Click the button below for more information.

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