{"title":"Industrial Statistics in the Knowledge Economy","authors":"David Banks, Yue Li","doi":"10.1002/asmb.70018","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>Industrial statistics grew up in an era when manufacturing was the primary engine of commerce. Today, the driver is information technology. This paper discusses how statisticians need to adapt to contribute to this new business model, with particular emphasis upon computational advertising, autonomous vehicles, operations management, and large language models. Remarkably, many of our old tools are still relevant, even as the new problem space poses fresh research challenges for our employment and educational systems.</p>\n </div>","PeriodicalId":55495,"journal":{"name":"Applied Stochastic Models in Business and Industry","volume":"41 3","pages":""},"PeriodicalIF":1.3000,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Applied Stochastic Models in Business and Industry","FirstCategoryId":"100","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/asmb.70018","RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"MATHEMATICS, INTERDISCIPLINARY APPLICATIONS","Score":null,"Total":0}
引用次数: 0
Abstract
Industrial statistics grew up in an era when manufacturing was the primary engine of commerce. Today, the driver is information technology. This paper discusses how statisticians need to adapt to contribute to this new business model, with particular emphasis upon computational advertising, autonomous vehicles, operations management, and large language models. Remarkably, many of our old tools are still relevant, even as the new problem space poses fresh research challenges for our employment and educational systems.
期刊介绍:
ASMBI - Applied Stochastic Models in Business and Industry (formerly Applied Stochastic Models and Data Analysis) was first published in 1985, publishing contributions in the interface between stochastic modelling, data analysis and their applications in business, finance, insurance, management and production. In 2007 ASMBI became the official journal of the International Society for Business and Industrial Statistics (www.isbis.org). The main objective is to publish papers, both technical and practical, presenting new results which solve real-life problems or have great potential in doing so. Mathematical rigour, innovative stochastic modelling and sound applications are the key ingredients of papers to be published, after a very selective review process.
The journal is very open to new ideas, like Data Science and Big Data stemming from problems in business and industry or uncertainty quantification in engineering, as well as more traditional ones, like reliability, quality control, design of experiments, managerial processes, supply chains and inventories, insurance, econometrics, financial modelling (provided the papers are related to real problems). The journal is interested also in papers addressing the effects of business and industrial decisions on the environment, healthcare, social life. State-of-the art computational methods are very welcome as well, when combined with sound applications and innovative models.