>>14372297Well, as I said I still wouldn't discourage you from getting that DS Masters.
My hypothesis is not that DS will disappear, is that it will be reformed. My theory is that for the past 200 years of capitalism, there has been only one department that is not directly involved in the day to day operations of the business: the finance function. And this makes sense, if you are going to spend money on someone they better start producing. However, companies know that you really do need someone steering in the wheel of the company instead of being involved in the day to day. Thus the finance function persists.
Data Science gets the title of being the second function to fit this niche. Data Scientists mostly work project to project and once a data solution is fully implemented, they are divorced from it and then new research begins. But why do we really need data scientists? Well, because even if every good business analyst and financial analyst knows statistics, they mostly know traditional statistics. Most financial analysts nowadays do not work with confusion matrices, for example.
But that's the thing. My theory is that in the future companies will realize that instead of having dedicated data scientists, they should take their own Corporate Strategy teams (a team within the finance function that acts basically as internal consultants) and have them lead the data science projects. This will be a reality because nowadays most finance curriculums include something about data science and machine learning. So new graduates in finance now know how to manage data science projects and soon enough they will replace data scientists. But for you that means that in the future maybe you will not be a 'data scientists' but instead you will be a 'Corporate Strategy Analyst' or similar. Knowing statistics is still really important. And trust me, finance people make a shit ton of money.
