“Data science” and “big data” are two buzzwords that the technical leader must surely have heard. On the one hand, they might inspire hope for their great potential but on the other, despair, for the statistical fads of yesterday have not yet proved their worth to the aerospace industry, or if they have, it is very difficult to see.
This raises an important question:
How much statistics does a leader need to know?
My cursory answer is “a little more.”
This may seem trite; however, I mean it in all sincerity.
I recently had a lengthy discussion with a mentor about what kinds of computational sciences a statistician or mathematician ought to study more of. He had some insightful answers and helpful advice.
The point is, there is someone who knows more about a subject than you do who can help you determine what you should study–seek counsel.