Photo by José Martín Ramírez Carrasco / Unsplash

Data Science Careers in Asia: The Growth Potential and Industry Demand

Article Jul 3, 2023

Introduction:
Data science is a rapidly growing field, and Asia is no exception. The region is home to a large and growing population of data scientists, and the demand for these professionals is only expected to increase in the years to come.

In this article we will look at several key factors influencing the topic above, like job Demand In The Region, Career Opportunities & Salary Potential both in Malaysia and abroad.

Let's get started then.


According to a recent report by LinkedIn, the number of data science jobs in Asia is growing at a rate of 35% year-over-year. This is significantly faster than the global growth rate of 27%.

The growth of data science in Asia is being driven by a number of factors, including:

  • The increasing digitization of businesses in the region
  • The growing availability of data
  • The increasing need for businesses to make better decisions based on data
54% employees need reskilling to match technology - CADS AI

Demand in the region

The demand for data scientists is particularly high in ASEAN countries. This is due to the fact that these countries are home to a number of rapidly growing economies, such as Indonesia, Malaysia, and Vietnam.

In Indonesia, for example, the number of data science jobs is growing at a rate of 45% year-over-year. This is significantly faster than the global growth rate of 27%.

The demand for data scientists in ASEAN is expected to continue to grow in the years to come. This is a great opportunity for graduates and job seekers who are interested in a career in data science.

Get skilled in Data today, learn visualization, analytics and more | CADS.AI

Career Opportunities in Data Science

There are a number of different career opportunities available in data science. These include:

  • Data scientist
  • Data analyst
  • Machine learning engineer
  • Big data engineer
  • Business intelligence analyst

Data scientists

Responsible for collecting, cleaning, and analyzing data. They use this data to develop models and insights that can help businesses make better decisions.

Data analysts

Responsible for collecting and cleaning data. They also use this data to develop reports and visualizations that can help businesses understand their data.

Machine learning engineers

Responsible for developing and deploying machine learning models. These models can be used to automate tasks, make predictions, and improve decision-making.

Big data engineers

Responsible for storing, processing, and analyzing large amounts of data. They use this data to develop insights that can help businesses make better decisions.

Business intelligence analysts

Responsible for developing and deploying business intelligence solutions. These solutions can help businesses understand their data and make better decisions.

CADS AI | Enterprise Data Practitioner Online Course + Certification

Salary Potential

The salary potential for data scientists in Asia is very good. According to a recent report by Glassdoor, the average salary for a data scientist in Asia is reported to be an average of $100,000 per year.

The estimated total pay for a Data Scientist is MYR 17,000 per month in the Malaysia, with an average salary of MYR 5,000 per month. - glassdoor

The salary potential for data scientists varies depending on the country of course, here are some other country indicators:
• Singapore : $120,000 per year
• Indonesia: $60,000 per year

Malaysian Data Scientist Salary Estimates:
1. payscale.com says average salary as MYR 58,205 per year.
2. Indeed.com reveals average salary as MYR 88,396 per year.
3. salaryexpert.com shows salary as MYR 143,822 per year.

Entry Vs Senior
An entry-level data scientist (1-3 years of experience) earns an average salary of RM 101,774. per year, On the other end, a senior level data scientist (8+ years of experience) earns an average salary of RM 179,689.

Conclusion

Data science is a rapidly growing field with a lot of potential for growth in Asia. If you are interested in a career in data science, there are a number of different career opportunities available to you. The salary potential for data scientists in Asia is also very good.

We hope this article has given you a better understanding of the growth potential and industry demand for data science careers in Asia. If you are interested in a career in data science why not take a look at our introductory online course today.

We Can Help You Get Started.

If you are interested in learning more about data science.

Learn More

#datascienceindonesia #datasciencemalaysia #datasciencevietnam #datasciencethailand #datasciencephilippines #datasciencecareers #datascience #datascienceasia #datascienceasean #datasciencejobs #dataanalyst #machinelearning #bigdata #businessintelligence #careerdevelopment

.gt

Tags

MAX

Max is the official mascot for CADS or the Center of Applied Data Science.