This is a presentation created by analyzing the TEDx talk on "Why you should love statistics", by Alan Smith

2. Data Visualisation Editor at
the Financial Times in
London.

4. Whether we consider ourselves
math people or not, our ability to
understand and work with
numbers is terribly limited

6. is about

7. It is the science of dealing
with data about the state or
the community that we live in

9. Why and how are these
insights relevant to a
manager in India?

10. Data trends used to
arrive at better and
sound decisions
Better insight

11. Performance Analysis to keep
track of the employee productivity
Improve the productivity of the
workforce and multiply the
production.

12. Market research and
product development

13. Create assertion
in the decision
Support Of
Judgment

14. Statistical tools like Six Sigma and Lean
Manufacturing are extremely useful in
business.
Statistics makes it possible for the business
to produce goods with limited variations and
wastage, saving money and ensuring the
best quality with optimum utilization of
resource.

15. x
Our ability
to work
with
numbers is
limited
Insights
Statistics -
Us
Mismatch -
Perception
and reality
Insights to
Managers
Decision Making
Performance
R&D
Judgment
Quality

16. Reference
 https://www.youtube.com/watch?v=ogeGJS0GEF4
 https://www.ted.com/talks/alan_smith_why_we_r
e_so_bad_at_statistics/transcript?language=en
 http://blog.essaycorp.com/importance-of-
statistics-in-business-organization-essaycorp/
 http://smallbusiness.chron.com/importance-
statistics-management-decision-making-4589.html
 http://www.flickr.com/

17. Marketing Professor,
IIM Lucknow
Created by Dibya Maheswari,
Accenture Solutions Private
Limited during an internship under
Professor Sameer Mathur, IIM
Lucknow
Dibya Maheswari,
Accenture Soln. Pvt
Ltd.
Sameer Mathur