Business Intelligence with Statistical Analysis!

Statistical analysis is a crucial attribute of data analytics. It is widely implemented to acquire business intelligence (BI) and efficiency. Statistical analysis is a process of collecting relevant data and thorough and close examination of those data to produce logical report.

Some of the Interesting Statistics that might interest you!

# Internet!

Above 70% of the internet users around the world are engaged in social media activities. Among those users, 70% of them are accessing through a smart phone or mobile device. In that, nearly 90% of them are between the age 18 and 29. 70% of business around the world is using Facebook marketing plans to find new customers. Twitter is the fastest growing network which recorded the growth rate of 44%.

Do you know? 8% of internet users around the world are not using emails or search engine.

# Lost your TV remote control? Statistics says that there is 50% chance for you to find it stuck between cushions of sofa and weirdly 4% possibility to end up finding it in your fridge or freezer.

How it works?

Flow of Statistical Analysis

The follow series of action defines the flow of a Statistical Analysis,

• Analyzing the properties and details of the data which needs to be subjected in a Statistical Analysis.


• Finding the relation of data with the relevant population and resources.


• Representing the data relation with population in a summarizing data model.


• Validate the data model


• Perform predictive analytics on the data to generate further actions.

Career:

A Statistical Analyst averagely earns the salary of $60,395 per annum. There is a study climb on the pay for this job as the professional earns the experience. Training on Statistical Analysis is required for this profession. Data Modeling, Data Analytics, Predictive Analytics are some of the skills associated with Statistical Analysis.