Far from this funny definition, Statistics is the science of applying mathematical principles to gather, analyze and present numerical data in a usable manner. If you are interested in exploring the career option of a statistician, or if you want to gain knowledge on who is a statistician and what courses can lead to this career, then continue reading this MapMyTalent career information:
What do statisticians do?
Statisticians harvest, analyze and explain data in ways that help decision-making. Statisticians use their knowledge to design, collect, and interpret data experiments in many different fields of industry. This includes fields of economics, medicine, psychology, marketing, public health, biology, sports, and others. Even military considerations take statistical procedures for approval of certain strategies and sanctions. The Central Government recruits postgraduates in statistics, mathematical statistics and applied statistics for the Indian Statistical Service.
A big chunk of the ISI alumni get into analytics, banking and finance and software development. Knowledge process outsourcing firms are absorbing stats students as well. Some become actuaries, professionals who use mathematical and statistical methods to predict risks and uncertainty and for valuation of financial products.
They often work for automobile, pharmaceutical, or computer software companies in trial testing and product evaluation. Apart from development, statisticians are also involved with the manufacturing, asset, liability, and risk management, and marketing departments of firms.