Is data science a fad? How long will it continue to grow as a field?

Data Science, AI and ML
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#1
The question ‘how long will data science continue to grow’ is a pertinent & obvious question in the minds of students specifically due to the fact that a lot of students are already venturing into the field for a few years. Based on a survey conducted by EMC2; more than 60% of the respondents claimed that the existing talent would not be enough to meet the increasing demand of data scientist in the next 5 years.

The increasing demand is majorly fuelled by the outburst of business data which, as per IDC, would increase to 50 times by the year 2020. McKinsey claims that the United States itself would require close to 200,000 data scientists in the upcoming years. Hence, the demand & relevance of data science would only increase with time.

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#2

  • “Big Data” as presently discussed is a fad: for many organizations it will be interesting to see if there is the willingness to stick with this long enough to achieve long lasting success

  • the problem behind big data is not a fad: we will be seeing ever increasingly large quantities of data which will be crucial to organizational effectiveness and competitiveness

  • the highly scalable technology being developed to work with Big Data will be increasingly critical moving forward: linear scalable systems are a wonderful malleable environment