Data scientist jobs are expected to increase by 35% from 2022 to 2032, according to the U.S. Bureau of Labor Statistics. Here are the industries and companies leading the charge in the hot hiring in data science 2024.
Companies Leading the Hot Hiring in Data Science
Forget those layoffs at the end of the pandemic. Big tech companies are leading the charge in building their data science staff. Google continues to invest heavily in AI and machine learning across its products. Amazon utilizes data science extensively for e-commerce, AWS, and AI-driven initiatives like Alexa. Microsoft focuses on AI, cloud computing (Azure), and data-driven applications. Facebook (Meta) uses data science for social media analytics, AI research, and virtual reality. Rounding out the big five, Apple invests in data science for product development, services, and AI-driven experiences.
Tech startups in AI and machine learning are focusing on AI applications in various industries such as healthcare, finance, and retail. New startups in data analytics platforms are developing innovative data analytics tools as well as new platforms. VMWare is in the top ten of hot hiring in data science. They are a cloud computing and virtualization company that builds technology for multi-cloud businesses.
Never count out the financial services industry. Banks continue to utilize data science for risk management, fraud detection, and customer analytics, and continue to improve all of these applications. Fortune Magazine has consistently ranked JPMorgan as one of “America’s Ideal Employers” and as one of the “World’s Most Admired Companies.” Fintech companies are leading financial service innovation with AI-driven financial products, personalized banking, and investment services. Advances in algorithmic trading continues to revolutionize the investment industry.
Data is an integral part of all areas of medicine. Healthcare accounts for 30% of worldwide data volume. Big pharma and biotech companies use data science for drug discovery, clinical trials, and personalized medicine. Healthcare providers employ data science for patient care optimization and operational efficiency.
Online retailers utilize data science for personalized marketing, demand forecasting, and supply chain optimization. E-commerce platforms implement AI for recommendation systems and customer experience enhancement. Walmart, a bricks and mortar retailer, is one of the top ten hot hiring in data science companies. Walmart uses data mining to discover point-of-sales data patterns, which are then used to make product recommendations, streamline their supply chain, optimize product assortment, and improve store checkout.
Management consulting firms advise clients on data strategy, analytics and digital transformation. Along with the top five big tech companies PwC and EY are consistently ranked in the top 10 firms for hot hiring in data science.
Telecom companies leverage data science for network optimization, customer churn prediction, and service improvements, and analytics and business intelligence firms provide data driven solutions across industries. The government and public sector use data science for policy analysis, urban planning and public service optimization.
Interested in knowing the up and comers in hot hiring in data science? Online learning platform, Springboard, says to watch out for Splunk, Numerator, Data Bricks, Cloudera, Civis Analytics, Teradata, Unified, Alteryx, Sumo Logic and Sisense. Startups to watch include Algorithmia, Resurface Labs, Cropin and The Math Company.
These sectors and companies are actively seeking data science talent to drive innovation, improve decision-making, and gain competitive advantage through data-driven insights and applications.
