Posts Tagged ‘jobs data’

Data Science: The More Data, the Better

Bill Schmarzo

Bill Schmarzo

Chief Technology Officer, Global Services Big Data Practice

Don’t tell my wife, but I think I’m in love. Federal Reserve Chair Janet Yellen uses a dashboard of jobs data that doesn’t just rely upon a single measure (unemployment rate) to make economic and labor policy decisions. Instead, she uses a dozen different measures to provide a more holistic, more accurate, and hopefully more actionable view of the United States economic situation. She’s a data scientist at heart that realizes that a single measure of anything complex—whether it’s the U.S. economy or even things like customer satisfaction and predictive maintenance—is oversimplifying something to the point of not being useful or actionable.

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