DEC 4, 2013 3:34pm ET

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Provocative Questions for Analytics to Answer


Consider what young people are learning in school today. Concepts such as mean, mode, range and probability theory, once taught in freshman university statistics courses, are introduced to children in their early elementary school years. Children are taught these methods in a very practical way. For example, if you have x dimes, y quarters and z nickels in your pocket, what is the chance of you pulling a dime from your pocket?  Learning about range, mode, median, interpolation and extrapolation follow in short succession.

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Comments (3)
Nice job of showing how analytics can improve our everyday lives. We usually think of how performance measurement and analytics can be applied to our companies to improve performance. You remind us of how analytics has a much broader scope and can be used to enhance everyones' lives. Thanks for the great article!
Posted by Dan H | Thursday, December 05 2013 at 11:17AM ET
Most of the questions you asked can be answered by analytis. What is barring them is the feasibility of the operational steps to implement the analysis results or of accessing the information. One other very important point is that you have completely disregarded privacy regulations and rights when asking for credit card companies to share individual's transaction with anyone. That's something that msut be taken into account, lest we become adept at citing the Bhagavad Gita, like Oppenheimer.
Posted by Roberto M | Thursday, December 05 2013 at 4:25PM ET
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