Some students taking statistics do not immediately see the relevance of the cour

Question

Some students taking statistics do not immediately see the relevance of the course to their job and chosen career. But the reality is that businesses and organizations of all types must be prepared to use data to further their goals. And that means people of all levels working in that field must have statistical literacy.

In this discussion, you are to conduct a “Google” search, though you can use any search engine, using the following search term: “How are predictive analytics used in Information Technology?”

Curate1 the suggestions the search engine offers and report what you find, answering the question “How will the study of statistics help me in my chosen career field?”

Explanation / Answer

Predictive analytics includes predictive modeling, machine learning, and data mining that analyze current and historical facts to make predictions about future or otherwise unknown events

It is used in in actuarial science, marketing, financial services,insurance, telecommunications, retail, travel, mobility healthcare, child protection, pharmaceuticals,capacity planning and other fields.

From medical studies to research experiments, from satellites continuously orbiting the globe to ubiquitous social network sites like Facebook or LinkedIn, from polling organizations to United Nations observers, data are being collected everywhere and all the time. Knowledge in statistics provides you with the necessary tools and conceptual foundations in quantitative reasoning to extract information intelligently from this sea of data.

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