Data Science In Australia – Is it WORTH it?

Is doing data science in Australia worth it? Well 
let's find out. In the first part of the video,   I'll talk about the scope of data science along 
with future growth and in the second part I'll   talk about the different roles and the related 
compensation. So make sure to watch till the very   end for the juicy details. I'm Samanvay, a data 
scientist living in Sydney, Australia. In 2012,   Harvard Business Review labeled data scientists 
as the sexiest job of the 21st century and around   about the same time the deep learning boom started 
after the release of AlexNet. Since then there's   been a rapid growth of the AI industry globally so 
much so that the amount of funding in AI startups   has increased 460% from 2012 to 2017.

And looking 
into the future the AI industry is projected to   grow by over a 100% year-on-year until 2025. 
A growing market leads to an increase in jobs,   so it's very clear that the AI market is growing 
globally but what about Australia according to   research done by Data61 a leading a data science 
research organization. In Australia the AI market   of Australia could be worth up to $315 billion 
by 2028. In 2019 there were around 663,000   data professionals in the AI industry and 
this number is slated to increase to 759,000   people by 2023. It's safe to say that there 
will be plenty of new opportunities for   new data professionals entering the field. 
If you're enjoying the video so far then   consider subscribing. I make weekly videos about 
demystifying AI. Here is a list of the top 10   industries in Australia by revenue and you'll 
be happy to know that data scientists are needed   across all of these industries and there's no 
shortage of interesting problems to work on   some key problems that Australian industries 
are looking to solve as outlined by Data61   include the use of AI-powered robots for weed 
removal using AI to help firefighters fight   bushfires and using AI to help people improve 
their mental health.

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