NAICS Code 561990-20 - Statistical Service
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NAICS Code 561990-20 Description (8-Digit)
Hierarchy Navigation for NAICS Code 561990-20
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Tools
Tools commonly used in the Statistical Service industry for day-to-day tasks and operations.
- Statistical software (e.g., SAS, SPSS, R)
- Data visualization tools (e.g., Tableau, Power BI)
- Database management systems (e.g., SQL Server, Oracle)
- Survey design tools (e.g., Qualtrics, SurveyMonkey)
- Data cleaning tools (e.g., OpenRefine, Trifacta)
- Machine learning tools (e.g., TensorFlow, Scikit-learn)
- Excel and other spreadsheet software
- Programming languages (e.g., Python, Java)
- Cloud computing platforms (e.g., AWS, Azure)
- Text analytics tools (e.g., RapidMiner, KNIME)
Industry Examples of Statistical Service
Common products and services typical of NAICS Code 561990-20, illustrating the main business activities and contributions to the market.
- Market research analysis
- Opinion polling
- Economic forecasting
- Healthcare data analysis
- Social science research
- Environmental data analysis
- Financial data analysis
- Sports analytics
- Quality control analysis
- Educational research
Certifications, Compliance and Licenses for NAICS Code 561990-20 - Statistical Service
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Certified Analytics Professional (CAP): CAP is a vendor-neutral certification that validates an individual's knowledge in data analytics. It is provided by the Institute for Operations Research and the Management Sciences (INFORMS). The certification requires passing an exam and meeting certain educational and professional experience requirements.
- SAS Certified Data Scientist: This certification is provided by SAS Institute Inc. and validates an individual's ability to manipulate and analyze complex data using SAS software. The certification requires passing multiple exams and meeting certain educational and professional experience requirements.
- Microsoft Certified: Azure Data Scientist Associate: This certification validates an individual's ability to use Azure technologies to build and deploy machine learning models. It is provided by Microsoft and requires passing an exam.
- Certified Statistical Business Analyst (CSBA): This certification is provided by the American Statistical Association (ASA) and validates an individual's ability to apply statistical methods to business problems. The certification requires passing an exam and meeting certain educational and professional experience requirements.
- Certified Analytics and Insights Professional (CAIP): This certification is provided by the Digital Analytics Association (DAA) and validates an individual's knowledge in digital analytics. The certification requires passing an exam and meeting certain educational and professional experience requirements.
History
A concise historical narrative of NAICS Code 561990-20 covering global milestones and recent developments within the United States.
- The Statistical Service industry has a long history dating back to the 17th century when John Graunt, a London haberdasher, published a book called "Natural and Political Observations Made upon the Bills of Mortality." This book was the first to use statistical methods to analyze data and make predictions. In the 19th century, the industry saw significant growth with the development of the census and the use of statistical methods in social sciences. In the 20th century, the industry continued to grow with the development of computers and the use of statistical methods in business and government. In recent years, the industry has seen a surge in demand due to the increasing availability of data and the need for businesses to make data-driven decisions. In the United States, the Statistical Service industry has a rich history dating back to the founding of the country. The first census was conducted in 1790, and since then, the industry has played a critical role in shaping public policy and business decisions. In the 20th century, the industry saw significant growth with the development of statistical methods in social sciences and the use of computers. In recent years, the industry has seen a surge in demand due to the increasing availability of data and the need for businesses to make data-driven decisions. The industry has also been impacted by the COVID-19 pandemic, with many businesses relying on statistical analysis to make decisions related to the pandemic response.
Future Outlook for Statistical Service
The anticipated future trajectory of the NAICS 561990-20 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The Statistical Service industry in the USA is expected to grow in the coming years due to the increasing demand for data analysis and interpretation. The industry is expected to benefit from the growing use of big data and the need for businesses to make data-driven decisions. The industry is also expected to benefit from the increasing demand for market research and analysis services. However, the industry may face challenges due to the increasing use of artificial intelligence and machine learning, which may reduce the need for human analysts. Additionally, the industry may face challenges due to the increasing availability of free data analysis tools and software. Overall, the industry is expected to grow in the coming years, but it may face challenges due to technological advancements and increasing competition.
Industry Innovations for NAICS Code 561990-20
Recent groundbreaking advancements and milestones in the Statistical Service industry, reflecting notable innovations that have reshaped its landscape.
- The Use Of Machine Learning Algorithms to Analyze Data: Machine learning algorithms are being used to analyze large amounts of data quickly and accurately. This technology is being used in the Statistical Service industry to provide more accurate and reliable data analysis.
- The Use Of Blockchain Technology to Secure Data: Blockchain technology is being used to secure data in the Statistical Service industry. This technology provides a secure and transparent way to store and share data, which is important for businesses that rely on accurate and reliable data.
- The Use Of Natural Language Processing (NLP) to Analyze Text Data: NLP is being used to analyze text data in the Statistical Service industry. This technology is being used to extract insights from unstructured data, such as social media posts and customer reviews.
- The Use Of Predictive Analytics to Forecast Future Trends: Predictive analytics is being used to forecast future trends in the Statistical Service industry. This technology is being used to help businesses make data-driven decisions and stay ahead of the competition.
- The Use Of Data Visualization Tools to Present Data: Data visualization tools are being used to present data in a more engaging and understandable way. This technology is being used in the Statistical Service industry to help businesses make sense of complex data sets.
NAICS Code 561990-20 - Statistical Service
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