At A Glance: Statistics
An abundance of data now permeates the world we live in, and nearly everything is monitored or measured in some substantial way. An entire new field has risen around this abundance of measurements, known as Big Data. Artists, scientists, and businesses now have unprecedented access to information ranging from the mundane to the magnificent. Examples of this wealth of information is seen in data sets that correlate word usage in social media posts with the number of shares and likes that post receives, as well as sets that can show the exact demographics of customers’ purchasing preferences, including where, when, and how often they are purchasing products. The excess of information and data is currently hiding useful trends, market forces, and other knowledge that’s just waiting to be discovered by someone with knowledge and experience in statistics. Freelance statistics professionals are flexible partners who can be leveraged by a client to discover and interpret all this data in a variety of meaningful and useful ways.
Statistics professionals can be the difference between a client making classic causation and correlation mistakes that could negatively impact decision-making or one identifying a particularly influential sales trend. Statistics consultants can help a client select a data set, utilize various mathematical models to create a list of probabilities, and collect customer information to predict purchasing habits or times of high/low employee productivity. Hiring a freelance statistics professional or consultant on Upwork is a highly collaborative way to use our world of Big Data to create and manage a more efficient and future-oriented project or business.