Totally realistic. It'll depend on what the company is, and what they're looking for (and hopefully, this will match what they
should be looking for).
While people can often focus on applying the latest deep learning thought-vector approach to their BIG DATA, there's an enormous gulf between the common condition of data and this aspiration.
You don't need PhD level stats and machine learning to apply the things that many companies actually could benefit from. Storing, maintaining and managing the data properly is a start. Then working with the people in the business to get insights from the data they have. Often simple aggregations and visualisations can provide enormous benefit. Being able to show correlations, and sometimes even just being able to show how noisy things are can be important.
Big questions: How is reality different from what we think? How are these differences important for the company?
That might be a correlation that we don't expect, or a lack of one we think is there. Part of a next step might be to become more "pro-active" and design new experiments to answer questions that can't quite be answered yet due to a lack of data. Beyond that you're heading towards bringing a new feature into a product.
Does your current company have some data? Do they spend a lot of time emailing spreadsheets around, or have salesforce or a proper database? See if you can make something useful for your work that's based on an analysis of that data (and possibly do some work to smooth those workflows of passing data around).