Insight Data Science Shuts Down: What Happened and What’s Next?
The news of Insight Data Science’s closure has taken the tech industry by surprise. The bootcamp, which provides intensive data science training to individuals looking to break into the industry, has been a popular choice for aspiring data scientists for years. The sudden announcement of its sad end has left many wondering what happened and what’s next for the program’s alumni and prospective students.
Understanding Insight’s Closure
Insight Data Science closed its doors on September 13th, 2021. The company cited financial concerns as the primary reason for its closure. Insight co-founder, Jake Klamka, made a statement to the press saying that “even though our classes have been virtual, we still needed the real estate, and we were still required to pay rent.” Additionally, the COVID-19 pandemic has had a significant impact on the company’s financial stability.
Impact on Alumni and Prospective Students
Insight’s closure has left a large number of data science professionals worried about what’s next for their careers. Alumni who received job offers through Insight’s program are also left wondering about the status of those offers. Klamka assured graduates that his team is working on matching them with different job opportunities. However, given the current job market, these individuals may struggle to find comparable job opportunities that meet their skill level and experience.
What’s Next for Data Science Bootcamps?
Insight’s closure raises questions about the future of data science bootcamps. Will other data science bootcamps across the country follow Insight’s suit? Will there be a decline in the number of students willing to attend such programs? It’s too early to predict the long-term impact on the industry, but the closure of Insight Data Science certainly raises concerns about the stability and financial sustainability of bootcamp models.
Conclusion
Insight Data Science has been a valuable resource for individuals looking to break into the data science industry, and its sudden closure has left many professionals worried about what’s next. While it’s crucial to acknowledge the financial challenges faced by the program, it’s essential to consider the impact on its alumni and prospective students. Moving forward, industry experts will need to evaluate the sustainability of bootcamp models to avoid similar closures in the future.
