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Statistics in Decision Making

Gut Feeling

Statistics & Business Decision Making

The role of statistics in business can be traced back hundreds of years.   As early as 744 AD, statistics were used by Gerald of Wales to complete the first population census of Wales (1).  It wasn’t long before merchants realized that statistics could be used to measure and quantify trade.  The first record of this was in Florence.  It was recorded in Giovanni Villani’s “Nuova Cronica”, in 1346 (1).  Moreover, statistical methods were further adopted to help drive quality and in doing so helped contribute to the advancement of statistics itself.  In 1504, William Sealy Gosset, chief brewer for Guinness in Dublin, devised the t-test (2) to measure consistency between batches of stout (1).

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DataTechBlog’s New Look and Feel

DataTechBlogNewLook
I am pleased to present the new look and feel of DataTechBlog. I felt the blog needed to speak a bit more to my personality and taste.  I am thrilled with the work done by a great UX designer. James Brown is outstanding at his craft – a tireless perfectionist who has an eye for utility, system values, and user-centered design. He worked with me and my whimsy for weeks as I put him through iteration after iteration of the DataTechBlog branding. The result, as can be seen above in the masthead, is an expression of the abstraction of pure data.  Also changed in the blog, was the implementation of Google Web Fonts. This along with a multitude of small changes throughout the site culminates in a synergy that helps drive home the vision of DataTechBlog.

James can be reached here.

Louis V. Frolio

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