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...
SAS Global Forum Executive Conference 2014 The Executive Conference is held in conjunction with SAS Global Forum, a SAS users technology event. Investing in thought leadership and technical training are two of the best moves a successful company can make so take advantage of the world-class speakers, sessions and discussions around Analytics, Big data, Risk, Fraud and Data management.
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
At the Strata Conference / Hadoop World 2013, Samuel Kommu, technical marketing engineer at Cisco Systems, shares some of the benefits that Hadoop brings to analytics platforms that leverage next-generation hardware. Kommu looks at big data operations that required 3,500 nodes in 2009, 2,000 in 2011, and now require only 64 nodes.
Wayne Thompson, manager of SAS Data Sciences Technologies, delivers a fascinating preview demonstration of SAS Visual Statistics, a tool that enables fast and flexible modeling against massive datasets on the fly. Visual Statistics will be made generally available in March, but you can see it here first.
At Strata/Hadoop World 2013, Cloudera CEO Tom Reilly discusses the new Enterprise Data Hub offering, explaining how it works with Hadoop, how it creates a single repository of full-history and full-fidelity data, and how it exposes that data to all users interested in exploratory analytics.
At this year's Strata Conference/Hadoop World 2013, SAS big data vice president Paul Kent presented a session on setting up Hadoop clusters for advanced analytics. We caught up with several audience members and recorded their impressions of the presentation.
In hearing directly from a doctorate-level Hadoop specialist, a healthcare data analyst, and a marketing executive, it's clear that big data analytics is a burgeoning field that cutting-edge companies are eager to explore.
At this year's Strata Conference/Hadoop World 2013 event, SAS VP of Big Data Paul Kent presented several sessions about modernizing and deploying advanced data analytics infrastructures based on Hadoop. In this video, he talks about the state of Hadoop adoption among enterprises today and looks out to the big data-driven applications of the future.
Companies that use SAS analytics tools for their traditional databases are looking to derive even more value by mining unstructured data. Data management platforms like Hortonworks enable that relationship by delivering an enterprise-ready Hadoop framework.
In this video, Shaun Connolly, vice president of corporate strategy at Hortonworks, explains how companies can incorporate Hadoop into their data analytics streams.
At the SAS Premier Business Leadership Series in Orlando, Manuel Sanchez, CRM Manager for Club Premier Aeromexico, explains the challenges and opportunities of transaction data. Using dozens of data sources among participating airlines and merchants, Club Premier creates robust customer profiles and works to maximize benefits for members and business partners alike while protecting individual privacy.
At SAS's October Premier Business Leadership Series (PBLS) in Orlando, attendees from the corporate and academic worlds joined thought leaders and analytics professionals to share insights and strategies around big data.
Will Hakes, CEO and co-founder of Link Analytics and keynote speaker at the SAS Analytics 2013 conference in Orlando, Fla., last month, talks candidly about the challenges that large enterprises face as they explore advanced analytics solutions. He also shares some practical tips for smoothing the transition.
At the SAS Analytics 2013 conference in Orlando, Bob Gladden, vice president for decision support and informatics at the Ohio nonprofit health insurance provider CareSource, explains how his company uses advanced analytics to keep administrative costs down and to identify at-risk patients for targeted healthcare initiatives.
At the Analytics 2013 conference in Orlando, Fla., two analytics experts from Dell -- global decision sciences manager Natalie Kortum and senior credit risk consultant Jack Chen -- share their real-world advice for analysts who want to sell their project ideas to business executives.
At the SAS Premier Business Leadership Series in Orlando, Fla., Lousiana State Representative Chris Broadwater outlined the state's success with analytics-driven fraud detection and shared his vision for streamlined processes at the DMV, the healthcare system, and even the department of corrections -- all delivered via a centralized repository of rich customer data.
Organizations that are ready to leverage big data need to move beyond buzzwords and approach the challenges with a business focus. Peter Guerra, principal at Booz Allen Hamilton, shares his insight and experience in helping clients transition to Hadoop and embrace new decision support platforms.
At this year's Strata Conference / Hadoop World 2013, Michael Steinhart chats with Rackspace Product Marketing Manager Sean Anderson about Hadoop, cloud computing, and how the two come together for companies that want to undertake a "proof of value" project.
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.