For those of you unfamiliar with statistics: Median refers to the middle measurement of a long list. It usually refers to the middle of the pack. It isn't the mean, or the arithmetical average, which could be a lot lower given the spread of the heel sizes under consideration.
The IBM research found a direct correlation between heel heights and economic recessions: as the economy tanked, women got into taller shoes. But that trend reversed starting around 2009, when women started blogging about kitten heels (I have provided the Wikipedia link, for those of you unfamiliar with the term) and flats.
But forget about the actual number for a moment, and see beyond the results to what IBM is talking about doing. This isn't just some Watson Jeopardy stunt but a real attempt at looking a Big Data in a meaningful way that could have some real business implications. As the press release from IBM states, this technique "could be used by manufacturers in planning future products, by retailers in choosing which products to stock, and by marketers in planning advertising campaigns."
There are many companies that will claim to offer the ability to crunch this kind of data, and feel free to offer your own vendor suggestions (and perhaps your favorite women's shoe maker) in our comments. Just remember to act your age....
No comments:
Post a Comment