Abstract
We are in the midst of a “Data Revolution” that is transforming our economy. This revolution is as large and profound as other major economic shifts from the introduction of the printing press to the Industrial Revolution. In this article, we compare the development of the field of Industrial Statistics as an outgrowth of the Machine Age to the development of the field of Data Science as an outgrowth of the Information Age. It is shown how the knowledge, skills, and abilities required for “Data Scientists” have evolved to support companies as they try to differentiate themselves in the Information Age. It is discussed how the unique skills that Industrial Statisticians possess can provide a transformative advantage to Data Scientists working in the Information Age. Advice is given on how to leverage Industrial Statistics in the midst of the Data Revolution so that we ethically and responsibly implement the tools of Data Science, address important problems, and inclusively educate future generations.
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