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ATEDTalk on
THE BEST
STATSYOU'VE
EVER SEEN
- by Hans
Rosling
classroom experiment, Hans Rosling
discovered something. Quoting him -
Yes, Data Studies can give funny
results at times.
It is not ignorance, but,
preconceived ideas.
There is a real need to communicate
data using proper tools to ensure
clarity.
Rosling then used a software to
study various aspects of the world
Statistically, some of which are –
(next slide please)
List the two most
(important/interesting/
informative)
insights from this TALK ?
The first insight is -
●Sophisticated software, design
tools and technology can give us
a very clear understanding
about the socio-economic
aspects of the world and how
these factors are changing with
variables like time.
● We need proper databases for
the purpose
GapMinder – Rosling's non-profit venture
●Errors will be minimal if the
difference between the measure
of the data elements is bigger
than the weakness of the data.
This helps us in application of
big data analysis in several
cases.
●
It can be misleading to use
average data when statistically
analyzing the world because of
the many differences among the
countries.
Why and How are these
insights relevant to a
manager in India?
Indian Managers can conduct
similar data studies state-wise,
region-wise to gain more
information about the diverse
market, consumer preferences,
etc. Using similar tools will help
increase understanding and
clarity about changing patterns.
The importance of right data
and access to reliable data
sources is evident here. Entire
projects could be corrupted if
correct values of measurement
are not taken. This would lead to
poor decisions in implementation
of strategies. Making available
public-funded statistics can also
be considered.
Managers and their companies
therefore, must invest in
technology which helps analyze
economies of countries. Running
these analyses on a global level
will help expand their market to
international levels.
- PARUL VERMA

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The best stats you've ever seen

  • 1. ATEDTalk on THE BEST STATSYOU'VE EVER SEEN - by Hans Rosling
  • 2. classroom experiment, Hans Rosling discovered something. Quoting him -
  • 3. Yes, Data Studies can give funny results at times. It is not ignorance, but, preconceived ideas. There is a real need to communicate data using proper tools to ensure clarity. Rosling then used a software to study various aspects of the world Statistically, some of which are – (next slide please)
  • 4.
  • 5. List the two most (important/interesting/ informative) insights from this TALK ?
  • 6. The first insight is - ●Sophisticated software, design tools and technology can give us a very clear understanding about the socio-economic aspects of the world and how these factors are changing with variables like time. ● We need proper databases for the purpose
  • 7. GapMinder – Rosling's non-profit venture
  • 8. ●Errors will be minimal if the difference between the measure of the data elements is bigger than the weakness of the data. This helps us in application of big data analysis in several cases. ● It can be misleading to use average data when statistically analyzing the world because of the many differences among the countries.
  • 9. Why and How are these insights relevant to a manager in India?
  • 10. Indian Managers can conduct similar data studies state-wise, region-wise to gain more information about the diverse market, consumer preferences, etc. Using similar tools will help increase understanding and clarity about changing patterns.
  • 11.
  • 12. The importance of right data and access to reliable data sources is evident here. Entire projects could be corrupted if correct values of measurement are not taken. This would lead to poor decisions in implementation of strategies. Making available public-funded statistics can also be considered.
  • 13.
  • 14. Managers and their companies therefore, must invest in technology which helps analyze economies of countries. Running these analyses on a global level will help expand their market to international levels.
  • 15.