Experts talk facts and figures on Statistics Day

Ex-governor of RBI, IDRBT director address students at UoH

Statistics, its role in other disciplines and job prospects were at the centre of discussions during the 13th Statistics Day celebrations at the C.R. Rao Advanced Institute of Mathematics, Statistics and Computer Sciences (AIMSCS), University of Hyderabad, on Saturday.

Addressing a packed hall were former governor of Reserve Bank of India, C. Rangarajan and director of Institute of Development and Research in Banking Technology, A.S. Ramasastri.

Attending as chief guest, Dr. Rangarajan, who is also the president of CR Rao AIMSCS Society, said statistics is essentially a way of understanding the real world through what is called as classification of information. “The use of statistics today is found in every discipline, be it physical science or social science. And in social science and in economics, it is extremely important. Theory is important, but theory at best can give only the nature of relationship between any two variables, or any set of variables. But to put a number to the extent of relation, you really need to go and look at numbers and derive those relationships,” he added.

Delivering the keynote lecture, guest of honour Dr Ramasastri said, “Mathematics is the language which gives symbols to all the real things. It converts the real world into symbols and using those symbols, you do some analysis and then we understand the world in a totally different perspective. The problem is that it is abstract. Reality is converted or abstracted into symbols,” he elaborated.

He added that once it is abstract, many students may not be able to cross that state of abstraction, and pointed out that good teachers are needed in such situations to instil confidence that mathematics is a subject one can learn.

“No subject can be completely mastered today, except art possibly, without good use of mathematics,” he said while adding his thoughts on statistics: “You collect all the available facts and use them to deal with uncertainty.”

Job prospects

Listing out the job opportunities, Dr. Ramasastri said jobs that will be created after 10 years might not even exist today.

He listed data managers, space invaders, electronic warriors and new age printers as some of the possible jobs in coming years.

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Printable version | Feb 19, 2020 4:01:52 AM | https://www.thehindu.com/news/cities/Hyderabad/experts-talk-facts-and-figures-on-statistics-day/article28230757.ece

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