Top Industries and Employers Hiring Data Scientists in 2022

This article presents the top industries and companies that are currently actively hiring data scientists.



Top Industries and Employers Hiring Data Scientists in 2022
Eric Prouzet via Unsplash

 

The beauty of Data Science has been implemented in many industries, and with application in these sectors has taken them to the next level. More companies are figuring out new ways to remain competitive and 10 steps ahead, therefore the demand for Data Scientists continues to grow.

The beautiful thing about Data Science is that you can move between sectors and take your skills with you. 

Below is a list of the top Data Science industries and the companies that are actively hiring Data Scientists. Jobin Thomas stated that according to Linkedin, by 2026 there will be 11.5 million jobs in this sector.

 

Banking, Financial Services, and Insurance (BFSI)

 

The earliest applications of Data Science started in the Finance industry. The industry was tired of losses and complications in the sector, but also had a lot of data. They brought over Data Scientists to help them solve their problems. The 2014 CIO Agenda: A Banking/Investment Perspective explored the investment of analytics and business intelligence as the top spending priority in 2014 for CIOs.

Data Scientists have been analyzing large volumes of data, which has helped in the decision-making process and provides actionable insights.

Data Science, Machine Learning, and Artificial Intelligence have shown to work effectively in 

  • Fraud detection
  • Risk modeling
  • The security and management of customer data
  • Customer segmentation
  • Algorithmic trading
  • Underwriting and credit scoring

Some of the top employers hiring in the industry are:

  • JPMorgan Chase
  • HSBC
  • Citi Group
  • Barclays

 

Healthcare

 

Data Science has taken the Healthcare industry to the next level by designing and evaluating new healthcare strategies. It has been shown to improve the quality of health services, the longevity of patients, and more opportunities in the industry.

The biggest area where Data Science has been applied to Healthcare is Drug Discovery and the development of:

  • Easier diagnosis of diseases
  • Tailored prevention plans
  • Precise prescriptions and customized care
  • Post-Care Monitoring
  • Hospital operations

Some of the top employers hiring in the industry are:

  • GSK
  • PWC
  • Deloitte

 

Cyber Security

 

With the increased use of data, algorithms, etc; there is also an increase in the performance of malicious activities. Hackers are becoming more intelligent and can break through the tightest security systems. 

Data Scientists are using Machine Learning and Artifical Intelligence to understand the nature behind these malicious attacks and the pattern; in order to prevent them from reoccurring. They can use this information to understand the limitations of security systems and what needs to be changed or tuned to improve them.
 
As long as we continue to rely on data to achieve our short-term and long-term business goals, help improve the healthcare industry, etc; the need for Cyber Security analysts will continue to increase with it. 

Some of the top employers hiring in the industry are:

  • Accenture
  • Amazon
  • IBM
  • Meta
  • Microsoft

 

Retail

 

Even though the pandemic has caused many retail stores to close down, and a shift in the market industry as a whole; the demand for Data Scientists in the retail industry is on a rise. The retail industry focuses on consumers and their needs to continue to thrive and remain competitive. 

Data Scientists help the retail industry by analyzing the consumer's behavior and pattern through data, to then use this in the decision-making process for pricing, marketing, etc. 

Data Science in the retail industry can:

  • Analyze the customer's behavior 
  • Analyze the market
  • Analyze customer's past purchases and searches to create a personalized system
  • Create a recommendation system and send it via marketing
  • Improve the customer's experience through predictive analytics

Some of the top employers hiring in the industry are:

  • Amazon
  • Marks & Spencers
  • Ralph Lauren

 

Automotive 

 

Data Science has played a big role in keeping the automotive industry competitive. The industry consists of a lot of research, design, manufacturing, testing, and marketing processes. 

Advanced analytics has allowed for the fast development of autonomous systems with the use of cameras, car sensors, image recognition, light detection, and more. 

The automotive industry will lead to:

  • An increase in vehicle safety with cognitive IoT
  • Improve the performance of the production line
  • Identify defects and errors early on in the production line
  • Improving the management and logistics sector

Some of the top employers hiring in the industry are:

  • Volkswagen
  • General Motors
  • Ford

 

Virtual Reality

 

The pandemic has pushed the idea of having a lot of concepts online and the future of Technology as a whole. Virtual Reality was seen in the popular game Pokemon GO, where you could walk around to look for Pokemons - that aren’t actually there. 

Virtual Reality uses computing knowledge, machine learning algorithms, and data to create the best experience. However, there is still more to come with what Virtual Reality can become. 

Some of the top employers hiring in the industry are:

  • Meta

 

Conclusion

 

These are not the only industries looking for Data Scientists; there are so many more. From fashion, beauty, oil industry, marketing, and more. With the huge demand for Data Scientists, you will be able to transfer your skills between different industries. 

 
 
Nisha Arya is a Data Scientist and Freelance Technical Writer. She is particularly interested in providing Data Science career advice or tutorials and theory based knowledge around Data Science. She also wishes to explore the different ways Artificial Intelligence is/can benefit the longevity of human life. A keen learner, seeking to broaden her tech knowledge and writing skills, whilst helping guide others.