> datasets that often fit entirely in RAM.

Yep, and a lot more datasets fit entirely into RAM now. Ignoring the recent price spikes for a moment, 128GB of RAM in a laptop is entirely achievable and not even the limit of what is possible. That was a pipe dream in 2014 when computers with only 4GB were still common. And of course for servers the max RAM is much higher, and in a lot of scenarios streaming data off a fast local SSD may be almost as good.