Data scientists: the new investment bankers

Data scientists operate by combining coding, statistics and business ideas to develop predictive models for decision-makers, while investment bankers generate investment ideas that are supported by financial models. With the abundance of data now available and the tools to efficiently and effectively process and analyze it, data scientists are quickly emerging as the new, better investment bankers. As data science continues to mature and analytical infrastructure improves, this trend is only likely to accelerate. This is especially true as tech companies such as Apply and Facebook continue to march confidently into the financial services sector.