Presently, there are different kinds of career professions drawn from all sectors of the economy. Each sector has different specializations with professionals performing specialized roles. One such field is statistics.
Statistics is a broad field and the role of statisticians is to help develop and apply statistical and mathematical theories and methods in collecting, analyzing, interpreting and summarizing numerical data into meaningful information.
Hence, studying to be a statistician has several benefits attached to it. Here are some of the benefits.
- Working with Different Professionals
One benefit of being a statistics professional is that you get to work in different fields alongside different professionals. Statisticians consult on various issues including design and data analysis with professionals such as project managers, researchers, clinicians and data managers among others. Statisticians further help to make other professionals understand data from a clear perspective. Therefore, as a statistic professional, you will offer that linkage that enhances deeper understanding on various issues based on proven facts and figures.
- Merging Math and Individual Passion
A good thing about being a statistics professional is that you can merge your love for math with your passion. For instance, if you have a passion for sports, then you can specialize in the field of Sports Statistics. This way you get to kill one bird with two stones. What’s more, it offers you the opportunity to engage in something that you will undertake comfortably and happy doing. Other areas to venture in include mathematical statistics, theoretical statistics, biostatistics, and statistical physics among others.
- Acquiring Data Analysis and Interpretation Skill
There is nothing as powerful in our modern-day world as data. It is equivalent to gold or oil due to its power to transform ideas and opinions. Not many people can understand or interpret data in its truest and deepest way, and this is where statistics professionals come in. Knowing how to collect, analyze, manipulate and interpret data is one of the major benefits of this profession.
You will be able to learn the different concept of statistics such as the difference between inferential and descriptive statistics, use of statistical analyzing tools and how to develop inferences from the data among others. Data analysis is a very priceless skill that all statistical professionals acquire over time.
- Opportunity to Influence Decisions and Make Positive Impact in Life
In the modern world, every key decision is based on facts and figures. Without data, then that would not be possible. Data must be collected and processed into meaningful information that can be understood so that planners, policy makers and key decision makers can use to make proper planning. For example, biostatisticians help to promote good public health through groundbreaking research in pharmaceutical drugs, vaccine development, and disease control.
- Rapid Field Expansion
Statistics is among the fastest growing jobs presently. According to the US Bureau of labor statistics (BLS), statistician jobs will rise to 49,000 by 2026 in the United States alone. The trend shows that the field has great potential to grow and play its rightful role in advancing the world. Furthermore, the link it has with other fields also shines a light of growth in the coming years due to the central role it plays. Thus, any specialization in this field will greatly boost your chances of employment.