Like the Wall Street "quants" of the 1980s and 1990s, modern-day data scientists are expected to have a similar skill set. People with a background in physics and mathematics flocked to investment banks and hedge funds in those days because they could come up with novel algorithms and data methods.
That being said, data science is becoming one of the most well-suited occupations for success in the twenty-first century. It is computerized, programming-driven, and analytical in nature. Consequently, it comes as no surprise that the need for data scientists has been increasing in the employment market over the last several years.
The supply, on the other hand, has been quite restricted. It is challenging to get the knowledge and abilities required to be recruited as a data scientist.