Role of statistics in real life , business & good governance
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This document discusses the use of statistics in real life, business, and good governance. It notes that statistics are used at every stage of human life and activities, and are important for employment opportunities, minimizing uncertainty, and running businesses successfully by understanding consumer behavior, product design, quality control, and market research. The document also emphasizes that good governance relies on evidence-based policymaking, transparency, and using statistics and data to ensure effectiveness, accountability, and access to information. It outlines India's current statistical system and quality measures needed to make statistics useful, as well as recent developments like the National Statistical Commission and Result Framework Documents.
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But now we do this:
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💥 A live walkthrough that’s part tech, part magic trick (minus the smoke and mirrors)
🗣️ Honest lessons, best practices, and “don’t do this unless you enjoy crying” warnings from the field
So whether you’re an automation veteran or you still think “AI” stands for “Another Invoice,” this session will leave you laughing, learning, and ready to level up your invoice game.
Don’t miss your chance to see how UiPath, DU, and Agentic AI can team up to turn your invoice nightmares into automation dreams.
This session streamed live on May 07, 2025, 13:00 GMT.
Join us and check out all our past and upcoming UiPath Community sessions at:
👉 https://community.uipath.com/dublin-belfast/
UiPath Agentic Automation: Community Developer Opportunities
UiPath Agentic Automation: Community Developer OpportunitiesDianaGray10 Please join our UiPath Agentic: Community Developer session where we will review some of the opportunities that will be available this year for developers wanting to learn more about Agentic Automation.
Generative Artificial Intelligence (GenAI) in Business
Generative Artificial Intelligence (GenAI) in BusinessDr. Tathagat Varma My talk for the Indian School of Business (ISB) Emerging Leaders Program Cohort 9. In this talk, I discussed key issues around adoption of GenAI in business - benefits, opportunities and limitations. I also discussed how my research on Theory of Cognitive Chasms helps address some of these issues
The No-Code Way to Build a Marketing Team with One AI Agent (Download the n8n...
The No-Code Way to Build a Marketing Team with One AI Agent (Download the n8n...SOFTTECHHUB The No-Code Way to Build a Marketing Team with One AI Agent (Download the n8n Template Free)
Financial Services Technology Summit 2025
Financial Services Technology Summit 2025Ray Bugg The FS Technology Summit
Technology increasingly permeates every facet of the financial services sector, from personal banking to institutional investment to payments.
The conference will explore the transformative impact of technology on the modern FS enterprise, examining how it can be applied to drive practical business improvement and frontline customer impact.
The programme will contextualise the most prominent trends that are shaping the industry, from technical advancements in Cloud, AI, Blockchain and Payments, to the regulatory impact of Consumer Duty, SDR, DORA & NIS2.
The Summit will bring together senior leaders from across the sector, and is geared for shared learning, collaboration and high-level networking. The FS Technology Summit will be held as a sister event to our 12th annual Fintech Summit.
Designing Low-Latency Systems with Rust and ScyllaDB: An Architectural Deep Dive
Designing Low-Latency Systems with Rust and ScyllaDB: An Architectural Deep DiveScyllaDB Want to learn practical tips for designing systems that can scale efficiently without compromising speed?
Join us for a workshop where we’ll address these challenges head-on and explore how to architect low-latency systems using Rust. During this free interactive workshop oriented for developers, engineers, and architects, we’ll cover how Rust’s unique language features and the Tokio async runtime enable high-performance application development.
As you explore key principles of designing low-latency systems with Rust, you will learn how to:
- Create and compile a real-world app with Rust
- Connect the application to ScyllaDB (NoSQL data store)
- Negotiate tradeoffs related to data modeling and querying
- Manage and monitor the database for consistently low latencies
UiPath Agentic Automation: Community Developer Opportunities
UiPath Agentic Automation: Community Developer OpportunitiesDianaGray10 Please join our UiPath Agentic: Community Developer session where we will review some of the opportunities that will be available this year for developers wanting to learn more about Agentic Automation.
Hybridize Functions: A Tool for Automatically Refactoring Imperative Deep Lea...
Hybridize Functions: A Tool for Automatically Refactoring Imperative Deep Lea...Raffi Khatchadourian
Challenges in Migrating Imperative Deep Learning Programs to Graph Execution:...
Challenges in Migrating Imperative Deep Learning Programs to Graph Execution:...Raffi Khatchadourian
Role of statistics in real life , business & good governance
- 1. Kumar Abhay, IAAS Asstt. Accountant General O/o The Accountant General (A&E),Punjab. Role of Statistics in Real Life , Business & Good Governance
- 2. Use of Statistics in Real Life At every stage and in every aspect of our activities Statistics used even at the origin stage of human beings Certain Statistics are used to the extent that we hardly feel that we are using Statistics ( have become Common Sense) It is gaining importance with public desire to haveSaturday, January 31, 20152
- 3. Use of Statistics in Real Life cont’d General desire to minimise uncertainty in our life ( preference for Calculated Risk / Certainty ) Most importantly the Employment Opportunity offered In Government Jobs ( ISS , SSS ; One of the optionals at Pre. as well as Main Exam stage of Civil Services ) In Public Sector Undertakings & Autonomous Bodies ( Teaching & Research, R.B.I. , Public Sector Banks , etc.) In Private Sector ( all types of companies : Insurance Sector , ITES , BPO , Market Research, Pharmaceuticals, etc.) Saturday, January 31, 20153
- 4. Use of Statistics in Business No Business Enterprise can be run successfully without using Statistics ( scale & type depend on nature and volume of business) Statistics used in : Understanding Consumer Behaviour ( Need Analysis for any product , even financial products) Product Designing & Pricing Product Customisation ( segment specific products ) Quality Control ( process as well as product quality control) Market Research Seasonality/Cyclic Issues Saturday, January 31, 20154
- 5. Use of Statistics in Good Governance Components of Good Governance Evidence Based Policy Making Transparency Participation Effectiveness Accountability Access to information Coherence & Coordination Sensitive to : Gender , Equity & Environment Saturday, January 31, 20155
- 6. Use of Statistics in Promoting Good Governance Evidence Based Policy Making : Policy based on reality as represented by Data (Policy Planning) Participation : Needs to be informed and organised Effectiveness : Policies & projects linked with definite quantifiable outcome Accountability : To be linked with outcome( performance linked promotions) Access to Information : Desirable information to be made available at affordable cost Saturday, January 31, 20156
- 7. Present Statistical System in India M/o Statistics & Programme Implementation , Government of India : Separate ministry in existence w.e.f. 15.10.1999 ( every other ministry/ department has Statistics Wing ) State Statistical Bureaus/ Directorate of Economics & Statistics at State/UT Level District Statistical Officer All sorts of data are collected and compiled Saturday, January 31, 20157
- 8. Statistics & Good Governance Requirements for Statistics to be useful as Good Governance tool Quality of Statistics/Data Institutional mechanism to use Statistics/Data Official Statistics are to be used as a Public Good Saturday, January 31, 20158
- 9. Quality Measures of Statistics/Data Relevance (pragmatic data quality) Accuracy & Adequacy ( based on Risk involved & Importance) Timeliness Accessibility Comparability Coherence Saturday, January 31, 20159
- 10. Recent Developments National Statistical Commission Subscription to IMF’s Special Data Dissemination Standards Advance Release Calendar for important indicators (MoSPI) The India Statistical Strengthening Project ( focus on SSBs/DESs ) National Strategic Statistical Plan (SWOT type analysis) Saturday, January 31, 201510
- 11. Result Framework Document A system for monitoring and evaluating the performance of Govt. Departments and Ministries ( from 2009-10) Basic Components of RFD: What are Departments basic objectives? What actions are proposed to achieve these objectives during the year? And How would we know at the end of the year the degree of progress made in implementing these actions i.e. what is the relevant success indicators? Saturday, January 31, 201511
- 12. Result Framework Document cont’d As per this system, at the beginning of each financial year, all Ministries / Departments are required to prepare a RFD consisting of the priorities set out by the Ministry concerned, corresponding success indicators and time bound targets to measure progress in achieving these objectives. At the end of year, all Ministries / Departments are required to review and prepare a report listing the achievements of their Ministries / Departments against the agreed results for placing before the Cabinet for information. Saturday, January 31, 201512
- 13. References: MoSPI website ( www.mospi.gov.in). C&AG of India website (www.cag.gov.in) Inherent and pragmatic data quality measures ( by Jurgens Pieterse ) Dakar Declaration on the Development of Statistics Statistical Literacy Guide ( House of Commons Library ,UK) Saturday, January 31, 201513
- 14. Saturday, January 31, 201514
Editor's Notes
- #2: Note : Views expressed are purely my personal views.