Understanding Statistical Data Types | by Rohan Vij | Jul, 2022
“Data is the new oil” — but just like several types of oil exist, so do several types of dataPhoto by Markus Spiske on Unsplash“Data is the new oil” — a phrase coined in 2006 which took the world by storm.Wants some shocking facts? Over 90% of all data in the world was created in the last two years. If you burned all the data generated in a day onto CDs, that stack could reach the mean twice. Data is big and valuable — so knowing how to operate on it is crucial. To do so, it is crucial to learn about the different types…