Data Science is Essential for 21st Century Innovation: Here’s Why

Data Science is Essential for 21st Century Innovation: Here’s Why

As organizations become more dependent on data analysis, opportunities for statisticians continue to grow. With an average annual salary of $88,190 and an estimated job growth rate of 33-percent over the next decade, pursuing a degree in applied mathematics and statistics can lead to a lucrative career. Statisticians analyze data, provide actionable reports, and help organizations make data-informed decisions across a range of industries. With strong analytical skills and the ability to communicate complex information to non-technical colleagues, statisticians can find themselves in upwardly mobile careers.

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Innovation leaders need to measure performance resulting from innovative ideas for companies to grow. Designing better-managed innovation processes, based on a methodology with defined and measurable objectives is essential.

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