Data Talent: A Professional Shortage in the United States.
The global market for data analytics was worth $49 billion USD in 2019. It is now more than twice as valuable as it was in 2015. From 2020 to 2023, the market is predicted to increase at a 30% annual pace. The data analytics job market reflects the industry's rapid growth. The World Economic Forum highlighted seven new vocations that are likely to rise rapidly in its Jobs of Tomorrow Report (2020). Data and artificial intelligence (AI) are predicted to expand at the fastest rate of 41 percent each year. Finally, a growing data industry means more job opportunities for people who work with data, and the demand is currently considerably higher than the supply. The data market is rapidly expanding, and firms are doing everything they can to keep up. Companies that are data-driven always outperform their competition, therefore it stands to reason that recruiting data gurus will grow more important in all sectors. However, there appears to be a data skills shortage at the moment. Accord...