Data handling a challenge for policy-makers: PMEAC

Data handling a challenge for policy-makers: PMEAC
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Handling and analysis of huge volume of data have become a challenge for policy-makers both in public and...

Handling and analysis of huge volume of data have become a challenge for policy-makers both in public and private sectors, Prime Minister's Economic Advisory Council Chairman C Rangarajan said.

"The society is besieged by data. Decisions based on rigorous statistical analysis lead to efficient solutions. With the advent of high-end computing systems, handling of large data sets has become a possibility. It also poses a challenge to policy-makers both in the public and private sector," Rangarajan said at an event here.

Data handling, cleaning and modeling had become a huge problem and statistical analysis and analytics had come to the aid of this pursuit, Rangarajan said at the launch of a course to be jointly conducted by Indian Statistical Centre (ISI) and TCS at Tezpur in Assam.

ISI and TCS today started a diploma course on statistical methods and analysis.

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