Big data and big business: Should statisticians join in?

Big data and big business: Should statisticians join in? Big business has embraced big data with enthusiasm. It is a love‐fest; it seems they were made for each other. Should statistics make it a ménage à trois? No, says David Walker: that way lies perdition. Statisticians would lose their souls. Yes, says Kaiser Fung: the happy couple have much to offer statisticians – and will go horribly wrong without them. First, the warning voice … Kaiser Fung argues that business, big data and statistics should consummate their long‐overdue alliance. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Significance Wiley

Big data and big business: Should statisticians join in?

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Publisher
Wiley Subscription Services, Inc., A Wiley Company
Copyright
© 2013 The Royal Statistical Society
ISSN
1740-9705
eISSN
1740-9713
D.O.I.
10.1111/j.1740-9713.2013.00679.x
Publisher site
See Article on Publisher Site

Abstract

Big business has embraced big data with enthusiasm. It is a love‐fest; it seems they were made for each other. Should statistics make it a ménage à trois? No, says David Walker: that way lies perdition. Statisticians would lose their souls. Yes, says Kaiser Fung: the happy couple have much to offer statisticians – and will go horribly wrong without them. First, the warning voice … Kaiser Fung argues that business, big data and statistics should consummate their long‐overdue alliance.

Journal

SignificanceWiley

Published: Aug 1, 2013

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