Applied statistics is only beginning to grow as a field, as the methods of probability and statistics have become essential tools in almost every area of business and industry. Banking, insurance, finance, and retail are major players in the game; however, statistics careers are emerging in health care, gaming and entertainment, sports, government, and nonprofit organizations as well.
The data deluge will not go away, and according to the American Statistical Association (AMSTAT), analysts with proper training are becoming sought-after employees who help make data-driven decisions. People who can tell the data’s story are what companies are really looking for. AMSTAT agrees, saying that a quick look at job-posting sites reveals that employers want analysts who have training in industry-standard statistical software, strong communication skills, teamwork facility, and business savvy.
Additionally, technological advances have allowed data processing to become more efficient and less expensive, making analysis of large, related data sets possible. These advancements, known as Big Data, involve new techniques related to the capture, curation, storage, search, sharing, transfer, analysis, and visualization of data and analysis.
According to the McKinsey Global Institute, by 2018, the United States is expected to face a shortfall of as many as 190,000 experts who are able to make sense of Big Data. Take advantage of unprecedented industry demand and prepare yourself with an applied degree today.