Loading...

{{notif_text}}

Why join channels?
Learn from peers
Discuss and share learning resources with the top professionals across the world
Open business or job opportunities
Earn reputation points to get consulting projects, attract talent or land jobs.
Accelerate your growth
Grow your network and get exclusive deals from our learning partners.
signup now
Nipun Soni asked a question
{{::getFormatedLocalTime("2018-03-27T14:49:43.607Z", {without_time: true})}}

Will demand of data science jobs reduce in longer run?

There is a huge demand for data science jobs in short term (<1-3 years) but I'm afraid that this demand may go down in longer run (>3 years). Reasons:

  1. I have observed that after the initial data modelling and implementation, there are no new projects in many companies. For routine improvements, companies may just need a fraction of data scientists they employ right now.
  2. Just like web development, ML and data science is seeing modularization and increasingly being packaged as a service (AWS and Google are marching ahead in this). This means there will be fewer data scientists needed to implement same projects in future than today.

What do you folks think?

answer
submitting answer...
submit
No answers yet. Be the first one to answer!
1 answer
Nikunj Verma Using AI to change the future at CutShort
{{::getFormatedLocalTime("2018-03-29T06:59:20.878Z", {without_time: true})}}
Sure, the two factors you mentioned will likely hurt the demand. Many companies I see are currently hiring data scientists just because of FoMo ("Fear of Missing out"). This is "artificial" demand and will certainly go down once the reality sets in.

But will this correction actually hurt data science professionals?

I don't think so. In next 3-5 years, I also see a huge demand getting created by mainstream companies that are yet to make a move in data science. Think about ICICI bank, Maruti, Air India, Tata group and then a ton of PSUs like Indian Oil and NABARD. Given their huge scale, they will need an army of data science professionals and that demand will be 1000x of what we are seeing today. 

In sum, I think these are initial days of data science profession. The real boom is going to actually arrive in next 5 years and will continue for at least another 10.
Loading comments...
To view all answers to this question, join this channel
join this channel
Learn how Cutshort Channels work
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
Okay
Privacy policy
File upload not supportedAudio recording not supported
This browser does not support file upload. Please follow the instructions to upload your resume.This browser does not support audio recording. Please follow the instructions to record audio.
  1. Click on the 3 dots
  2. Click on "Copy link"
  3. Open Google Chrome (or any other browser) and enter the copied link in the URL bar
Done