It is! If you look at some of the brand new labs being established by freshly minted assistant professors, many of these fields didn't even exist 5-10 years ago. Machine Learning has just begun to percolate into Biology, and we are on the verge of major shifts in the field.

It's also not just computational biology that's booming. Another of the fields I follow, population genetics, has been practically rewritten in the past decade, thanks to improved techniques extracting Ancient DNA. When I started my PhD, the idea of extracting and assembling the genome of a Neanderthal was a distant pipe dream. By the time I finished my PhD, we have multiple Neanderthal genomes from across Eurasia, and the discovery of a previously unknown human ancestor, sequenced entirely from a single finger bone in a Siberian cave.