Regular AllAnalytics.com readers and professional statisticians may well remember that with the year 2013 comes a global celebration of statistics. So if you're a number cruncher or data guru and you haven't given yourself a boo-ya! lately, you definitely deserve one.
Love may be known for making the world go 'round, but statistical science is what's keeping the improvements coming. If you have any doubt, watch this video on how statistics is improving human welfare:
And dig into this report Deloitte prepared for the Engineering and Physical Sciences Research Council, a UK government agency, on the economic benefits of mathematical science research (MSR) in the UK. For the study, Deloitte said it looked qualitatively at the ways in which MSR influenced economic performance in the UK and then quantified the economic value of MSR in terms of direct employment supported and GVA (gross value added) generated in 2010.
Qualitatively, no one here should be surprised to read that statistical science helps us "make sense of data and better understand the world; safeguard society; and forecast, address uncertainty, and optimize processes." But how could we have known that the field provided jobs for approximately 2.8 million employees (around 10 percent of all jobs in the UK) and contributed about $338 billion in terms of GVA (around 16 percent of total UK GVA), as Deloitte noted in the report? Makes me want to know the same sorts of measures for the US and elsewhere.
You can find each of these resources, as well as many others, at www.statistics2013.org, a special site established to celebrate the International Year of Statistics. As I've written previously, five statistical societies, including the American Statistical Association (ASA), led the creation of the International Year of Statistics, a "worldwide celebration and recognition of the contributions of statistical science." The site is a great resource, not only for statisticians themselves but for those involved in educating those folks who will be responsible for handling the massive amount of data the world generates today and into the future.
That talent issue, once again, rears its head. In an earlier email interview, ASA board member Ron Wasserstein, who also joined AllAnalytics.com for a December e-chat on Statistics2013, cited this as a primary impetus behind the initiative: "the realization that we are not training enough people to have the expertise needed in the world to take advantage of the opportunities of the Age of Big Data." During the e-chat he noted, "statistics is very misunderstood because it is a science that also has as its name one of its concepts. So statistics with a small 's' gets confused with statistics with a capital 'S'. But also it has often been taught poorly, which leaves a bad taste."
From my early perusal of Statistics2013.org, I'd say the folks behind this initiative are working quite hard at making statistics approachable -- fun, even. You can find:
A statistic of the day
Posters to download
Contests to enter
Links to statisticians in the news
And the list goes on. Stop by Statistics2013.org and let us know what you think. Do you have reason to celebrate your role in working with data?
Statistical science would be an upcoming career choice I would image for lots of students. Number analysis can only be a booming field for those of that bent. With increasing stats available it's going to take some smart folks to make sense of just what's relevant and just what's just a curiosity for now.
It just goes to show that we are in the information age. Hopefully this video and organizations will help encourage others to study statistics! There are so many way stats can be applied and it is not the boring number crunching that some people may think it is.
... how could we have known that the field provided jobs for approximately 2.8 million employees (around 10 percent of all jobs in the UK) and contributed about $338 billion in terms of GVA (around 16 percent of total UK GVA)...?
The UK has been suffering terribly under the Tories' interminable austerity program, so I'd say, especially under those conditions, anything that provides jobs for 2.8 million Britons is worth celebrating.
Are they serious? 10% of UK jobs and 16% of the economy are focused on just producing statistics? Now, that's some serious number-crunching...
NRF Retail's Big Show 2015The flagship industry event of the National Retail Federation, Retail's Big Show is an annual event held over four days in New York City. As the world's leading retail event, the Big Show brings together 30,000 retail professionals and vendors from more than 86 countries, and features more than 100 education sessions, 270 speakers and 550 exhibitors. The conference connects retail solution providers with retail executives searching for the most effective solutions, tools and technologies.
LEADERS FROM THE BUSINESS AND IT COMMUNITIES DUEL OVER CRITICAL TECHNOLOGY ISSUES
The Current Discussion
Visual Analytics: Who Carries the Onus? The Issue: Data visualization is an up-and-coming technology for businesses that want to deliver analytical results in a visual way, enabling analysts the ability to spot patterns more easily and business users to absorb the insight at a glance and better understand what questions to ask of the data. But does it make more sense to train everybody to handle the visualization mandate or bring on visualization expertise? Our experts are divided on the question. The Speakers: Hyoun Park, Principal Analyst, Nucleus Research; Jonathan Schwabish, US Economist & Data Visualizer
The hospitality industry gathers massive amounts of customer data, and mining that data effectively can yield tremendous results in terms of improved CRM, better-targeted marketing spend, and more efficient back-end processes. Roger Ares, vice president of analytics at Hyatt Corp., discusses the ways he and his staff use big data.
Charged with keeping track of travel assets, including employees, iJET International relies on data management best-practices and advanced analytics to keep its clients in the know on current and potential world events affecting travel, Rich Murnane, Director of Enterprise Data Operations & Data Architect, told All Analytics in an interview from the 2014 SAS Global Forum Executive Conference.
Jason Dorsey, chief strategy officer for the Center for Generational Kinetics and keynote speaker at last month's SAS Global Forum 2014, describes how Gen Y professionals are enhancing the makeup of multigenerational analytics organizations.
From analytics talent development to the power of visual analytics, All Analytics found a variety of common themes circulating throughout the exhibition floor and session discussions at the 2014 SAS Global Forum and SAS Global Forum Executive Conference events held last month in Washington, DC.
Talking with All Analytics live from the 2014 SAS Global Forum Executive Conference, Eric Helmer, senior manager of campaign design and execution for T-Mobile, discussed the importance of customer data -- starting internally -- in devising the mobile operator's marketing plans.
The big-data analytics market can be a confusing place. Among the vendors vying for your dollars are traditional database management providers, Hadoop startup services, and IT giants. In this video, All Analytics editors Beth Schultz and Michael Steinhart sit down in a Google+ Hangout on Air with Doug Henschen, executive editor of InformationWeek. Henschen discusses use cases for big-data analytics, purchase considerations, and his recent roundup of the top 16 big-data analytics platforms.
At the National Retail Federation BIG Show last month, All Analytics executive editor Michael Steinhart noted a host of solutions for tracking and analyzing customer activity in retail stores. From Bluetooth beacons to RFID tags to NFC connections to video analytics, retailers must find the right combination of tools to help optimize the shopper experience, streamline operations, and boost revenues.
The days when historical shipment trends and gut feelings were enough to forecast retail demand accurately are long over. SAS chief industry consultant Charles Chase outlines the benefits of pulling real-time sales information from point-of-sale and product scanner systems, then flowing that data into dynamic forecasting tools from SAS.
With today's advanced visual analytics tools, you can stream data into memory for real-time processing, provide users the ability to explore and manipulate the data, and bring your data to life for the business.
Dynamic data visualizations let analysts and business users interact with the data, changing variables or drilling down into data points, and see results in a flash. Advance your use of data visualization with tools that support features like auto-charting, explanatory pop-ups, and mobile sharing.
No doubt your enterprise is amassing loads of data for fact-based decision-making. Hand in hand with all that data comes big computational requirements. Can traditional IT infrastructure handle the increasing number and complexity of your analytical work? Probably not, which is why you need a backend rethink. Big data calls for a high-performance analytics infrastructure, as Fern Halper, a partner at the IT consulting and research firm, Hurwitz & Associates, discusses here.
Redbox's bright-red DVD kiosks are all but ubiquitous these days, located in more than 28,000 spots across the country. Jayson Tipp, Redbox VP of Analytics and CRM, provides an insider's look at how the company has accomplished its phenomenal nine-year growth.
InterContinental Hotels Group (IHG), a seven-brand global hotelier, has woven analytics into the fabric of its operations. David Schmitt, director of performance strategy and planning, shares IHG's analytics story and his lessons learned.