Data science term in The Economist

by Sergiy Nesterko on May 19th, 2011

Seems that there is no stopping now: the term data science appears prominently in the headline article of the current issue of The Economist.

The Economist

Compared with the rest of America, Silicon Valley feels like a boomtown. Corporate chefs are in demand again, office rents are soaring and the pay being offered to talented folk in fashionable fields like data science is reaching Hollywood levels. And no wonder, given the prices now being put on web companies.

It is indeed quite misleading that the term has the word science in it as it implies an established field, while in fact the science of data is statistics. I wrote a post on the subject earlier in an attempt to single out what is it that distinguishes data science from statistics. That set aside, however, the article is supportive of the rise in demand for our profession, which is a good news for the specialists. Hopefully, the tech bubble mentioned there won’t be inflated further by people who misuse the data science term.

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