The two most important insights from the talk are that statistics helps managers take customer-oriented decisions and predict profit/loss for products using a heuristic approach. Statistics provides demographic customer data and means to measure production processes to minimize variations and ensure quality assurance using techniques like Six Sigma. It is a useful tool for managers in India to apply in market tracking, measuring customer satisfaction, and assessing brand loyalty to support better customer relations.

2.  Two most important insight
from the ted talk .
 Why / How these insight are
useful to a manager in India.

3. Statistics is Science
of us.

5. It helps to take customer
oriented decisions

6. In fact Product is
for the customer ,
so customer’s
orientation
(like/dislike) do
matter .

7. With the help of heuristic approach,
we can predict the profit/loss for
particular product.

8. * Statistics provide the means to measure
and control production processes to
minimize variations, which lead to error
or waste, leading to quality assurance .

10. Six sigma can be used for quality
assurance.

11. Statistics can be
viewed as a source of
data, it provide
demographic
information like
customers in
particular
geographical area.

12. Manager can apply statistics in market
tracking, to measure customer satisfaction,
brand loyalty and support to assess the
company’s relation with customers.