Is Data Scientist Still the Sexiest Job of the 21st Century? | 7wData

Is Data Scientist Still the Sexiest Job of the 21st Century? | 7wData

Ten years ago, the authors posited that being a data scientist was the “sexiest job of the 21st century.” A decade later, does the claim stand up? The job has grown in popularity and is generally well-paid, and the field is projected to experience more growth than almost any other by 2029. But the job has changed, in both large and small ways. It’s become better institutionalized, the scope of the job has been redefined, the technology it relies on has made huge strides, and the importance of non-technical expertise, such as ethics and change management, has grown. How it operates in companies — and how executives need to think about managing data science efforts — has changed, too, as businesses now need to create and oversee diverse data science teams rather than searching for data scientist unicorns. Finally, companies need to think about what comes next, and how they can begin to think about democratizing data science.

Ten years ago we published the article “Data Scientist: Sexiest Job of the 21st Century.” Most casual readers probably remember only the “sexiest” modifier — a comment on their demand in the marketplace. The role was relatively new at the time, but as more companies attempted to make sense of Big Data, they realized they needed people who could combine programming, analytics, and experimentation skills. At the time, that demand was largely restricted to the San Francisco Bay Area and a few other coastal cities. Startups and tech firms in those areas seemed to want all the data scientists they could hire. We felt that the need would expand as mainstream companies embraced both business analytics and new forms and volumes of data.

At the time, we defined the data scientist as “a high-ranking professional with the training and curiosity to make discoveries in the world of big data.” Companies were beginning to analyze voluminous and less-structured data like online clickstreams, social media, and images and speech. Because there wasn’t yet a well-defined career path for people who could program with and analyze such data, data scientists had diverse educational backgrounds. The most common qualification in our informal survey of 35 data scientists at the time was a PhD in experimental physics, but we also found astronomers, psychologists, and meteorologists. Most had PhDs in some scientific field, were exceptional at math, and knew how to code. Given the absence of tools and processes at the time to perform their roles, they were also good at experimentation and invention. It’s not that a science PhD was really required to do the work, but rather that these individuals had the rare ability to both create new algorithms and manipulate data in unusual formats.

A decade later, the job is more in demand than ever with employers and recruiters. AI is  increasingly popular in business, and companies of all sizes and locations feel they need data scientists to develop AI models. By 2019, postings for data scientists on Indeed had risen by 256%, and the U.S. Bureau of Labor Statistics, predicts data science will see more growth than almost any other field between now and 2029. The sought-after job is generally paid quite well; the median salary for an experienced data scientist in California is approaching $200,000.

Some of the same headaches remain, too. In our research for the original article, many data scientists noted that they spend much of their time cleaning and wrangling data, and that is still the case despite a few advances in using AI itself for data management improvements. In addition, many organizations don’t have data-driven cultures and don’t take advantage of the insights provided by data scientists. Being hired and paid well doesn’t mean that data scientists will make a difference in their employers.

Even so, the job has changed — in both large and small ways.

Images Powered by Shutterstock