| Cart Total:
Menu
Statistics = Analytics?
  • Quality

Statistics = Analytics?

Publication:
Quality Engineering
Date:
April 2020
Issue:
Volume 32 Issue 2
Pages:
pp. 133-144
Author(s):
Jensen, Willis A.
The copyright of this article is not held by ASQ.

Abstract

In recent years, analytics has received increasing attention in the business world with more conferences and publications addressing how to obtain insights from data. We compare and contrast some definitions of statistics and analytics and provide a hybrid definition. We share an example of an analytics project which highlights some of the statistical and non-statistical tools required to be successful. We discuss the connection of statistics and analytics to other terms such as big data, data science, industrial statistics, statistical thinking, statistical engineering and Six Sigma. The connections we highlight result in implications, opportunities and challenges for the statistics profession.

ALREADY A MEMBER?    REGISTER