The Symposium is organized by the International Society for Business and Industrial Statistics (ISBIS), which is an international society that is dedicated to the promotion of business and industrial statistics worldwide. This is interpreted broadly and includes areas such as financial and health services among others. ISBIS is part of a family of international associations that operate under the umbrella of the International Statistical Institute (ISI). ISBIS promotes applications, research, and best current practices in business and industrial statistics, facilitates technology transfer, and fosters communications among members and practitioners worldwide.
To keep up in today’s competitive marketplace, enterprise business entities must be able to constantly transform and improve their business. In order to improve, enterprise business entities have started to integrate sophisticated business analytics and big data, internal and external, in their internal operational processes for sales, marketing, finance, management, procurement, etc. Statistical methodology can play a powerful role in developing such an effective business transformation. In this conference, we explore how businesses increase efficiency, support decision-making under uncertainty, improve business operations and ultimately transform their business by using statistics. The ISBIS Meeting focuses upon the use of statistics in business and industry.