Data Data and Data

Statistics is all about dealing with information. And information is contained in data. In today's era of information, everything is data driven. From government to small business, even an individual makes decision based on data. Making decision without data makes no sense.

I was following a link posted by Ragib on his Facebook, and found the following interesting piece of information:

Google is a high energy environment. Lots of smart people with big ideas. Everything is data driven. Decisions are made based on data that has been analyzed, and going forward everything is monitored and measured based on the data. Opinions and “gut feel” are considered too, but in the end, results are measured by data. Even things like travel expense caps for airfares and hotels are data driven. They keep track of every trip taken and the actual costs for airfares and hotels, then establish the caps based on the data. [Source]

From a previously published article in New York times, we've seen how Google is utilizing the power of data in setting their plans and actions.

When I was an undergraduate student of Applied Statistics at the Institute of Statistical Research and Training under University of Dhaka, we were told of a book by Kazi Motahar Husain, the pioneer of Statistics in Bangladesh. The book, titled Tottyho Gonit (Information Mathematics), was published from Bangla Academy. However, it was out of print when I last checked at their outlet.

So statistics deals with data and it summarizes data using graphs, diagrams and some numerical measures (averages, median, et cetra) and makes it presentable for easier understanding of the underlying information. In other words, statistics uncovers the information contained in data.

Comments

Re: Data Data and Data

Did you have classes by Dr. Kazi Motahar Hussain? How lucky you were!

Re: Data Data and Data

Actually I did not mean to say that.. that was a typo. What I meant is that we were told of a book by Dr Motahar Husain :)
I've corrected my text now. Sorry for any confusion. He died when I was a kindergarten student ;)

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • LaTex commands embedded in text will be interpreted and rendered. Additional information can be found at DruTex Documentation Pages
    • Assists automatic numbering of tex, equation, and equations environments.
    • Provides different environments to create rendered images (especially maths).
    • You may use <swf file="song.mp3"> to display Flash files inline
    • You can use BBCode tags in the text.

    More information about formatting options

Google Video

Loading...
Loading...