If you are using existing methods to analyze data relevant to your employer (so like trying to optimize the conversion funnel at a startup or something), PhD is unnecessary.
If you are trying to invent new statistical techniques (say deep learning researcher at DeepMind), PhD is helpful.
Also, different groups have different cultures. Some groups want to function like academia, with reading groups and paper talks and stuff. Some want to function like software companies with standups and Trello boards. A PhD will fit in better with the former type of group.
Edit: I dropped out of a PhD to go work, and that was optimal for me. I got a couple extra years to independently build my skillset, I was very hot on the recruiting market being a step above the new grads, but I didn't waste ages learning skills that would ultimately be irrelevant (published no papers.)