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INSIGHTS ON
WHY YOU SHOULD LOVE
STATISTICS?
A TED TALK BY ALAN SMITH
WHY YOU SHOULD LOVE STATISTICS?
STATISTICS
•It is the science of dealing with data about
the state or community that we live in.
STATISTICS
•It is all about how we as individuals relate to
our groups, to our peers.
INSIGHT 1
There is a disjoint between what
people perceive and reality
RELEVANCE
 A Manager has to see all the aspects of a
problem when taking a decision
RELEVANCE
 A Manager solely cannot depend on his
intuition, as even surveys say there is more
variation from prediction to reality
RELEVANCE
 A manager has to know statistics as
"Individual experiences can influence his
perception"
RELEVANCE
 There is big variation between what we
think, our perception and the statistics
INSIGHT 2
Lot of changes in
this century
involve us
becoming more
comfortable with
numbers
RELEVANCE
 As the world grows , everything has to be
recorded for easier understanding.
RELEVANCE
 We cannot use our perception and blindly
come to a conclusion. So Statistics helps
manager in reducing errors.
RELEVANCE
 More the clarity a manager has, Better the
decisions he will be able to take
Statistics sparks enormous
discussions since everybody
gets the clear picture.
And that is only the beginning
of journey ahead.
Submitted for Internship "Data
Analytics " under Professor Sameer
Mathur IIML
By,
S Sheshasai Venkatesh
THANK YOU

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