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Data Science Bubble is about to Burst...

I spoke to an experienced guy in the IT sector who has worked in many FinTech firms and consulting companies. He said when the data science hype started several years back, companies started getting funds from venture capitalists to set up data science wings . Companies went on a hiring spree with this money to hire data science professionals. However, as the years passed, these data science departments failed to generate revenue as expected. Also, some aspects of data science will very likely be automated. So companies will probably hire less data science professionals and may even fire the resources hired earlier. source:

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Karilyn Lee

Walmart

6 months ago

I have seen few data scientists behave like they own the company, attitude till saturn. In reality, all they do is use pre built models & broken sql who don't know how backend or frontend or database systems work.
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Jordon Gabriel

Citi Group

6 months ago

And Torture Data engineers in the due course !
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Coy Carmden

X.com

6 months ago

I have been hearing the same argument since 2018... . Guess what year is it now?
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Dezi Dean

Stealth

6 months ago

Make it 2014
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Aaron Everett

Tredence

6 months ago

With genai coming in its impossible to burst Data analyst has always been a redundant role Genai has increased data science hiring by 25% this year till now Just go to LinkedIn jobs and check lol rather than shitposting
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Aaron Olive

Tredence

6 months ago

Also the source is one year old U can see the core ds/ai jobs after 1 year nowand just compare Data visualisation/analytics haa always been autmotable but stats,core ml , building custom models /logic from scratch, deploying into production Can never be automated,if it gets then the whole backend will be automated and there will be no software engineering jobs lol
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Kendall Lee

Stealth

6 months ago

Been in this field for over 3 years now, as someone pointed out this has been going on since 2018-2019. Thing is companies always need good data scientists and ML engineers and even analysts. Number of those requirements might reduce but they do need people. And number reduction will happen mainly due to covid boom when people joined this field left right and centre w/o much knowledge by doing some course online. So yeah it's going to be difficult for those who just work superficially by not knowing things deep but good ones are always in demand like any other field.
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Blair Lee

Stealth

6 months ago

That's true. Half / superficial knowledge won't cut anymore in the coming years and you really ought to know your craft well to be employable.
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Jordon Carmden

Stealth

6 months ago

Totally man. I have experienced it myself. Even after doing everything well in interviews it's not confirmed we will land a job, their would be someone better. Competition is cut throat only the best would be able to survive in the future.
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Jordon Dean

Slice

6 months ago

I've been hearing this for the past 6 years. DS salaries for a given role have 2.5X'd since then.
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