“Lies, damn lies, and statistics.”  These kinds of phrases have been thrown around for years by people who weren’t really impressed by what survey researchers and statisticians had to offer.  But as our economy changes, the “data geeks” may well have the last laugh, because they’re about to become the new rock stars.

IBM, for example, is about to move from a staff of 200 data analysts to a staff of 4,000 analysts–no, it’s not a typo, they’re going to multiply the staff by 20.

As a recent post on Salon notes,   “the ability to extract stories from a world of increasing and abundant data will be increasingly critical to many industries. Indeed, the opening of U.S. federal government data at data.gov (and the appointment of Sir Tim Berners-Lee to similarly open the UK’s data archives) implies a new societal and cultural importance for data wranglers.”

So, does this mean you have to go out and take courses in statistics to keep making money?  Not at all.  But you DO need to get some basic skills and make sure that you’re staying abreast of current trends.  As we’ve told you before, now more than ever, you’ve got to have an ongoing stream of information about your customers and your market and you’ve got to know how to put that information to work for your business.

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