Statistical Data
Management

Definition

A Statistical data management system is a data management system designed to explicitly handle so called “macro data,” i.e., data computed by different forms of summarization, including grouping and classification, as first class objects. In a statistical data management system, there are data manipulation operators that “slice and dice” the macro data. In many statistical databases, one of the goals is to hide the micro data (i.e., the raw data records from which the macro data are computed) from user queries.

Example: A classical example of a statistical database is a database created for social or economic surveys. STORM [4] is a classical statistical data management system.

Key Points

Research on statistical databases started in the 1970s and flourished in the 1980s, predating OLAP. A number of systems developed based on both relational and object-oriented data models. Many of these systems developed a graph-based representation of...

Importance

Statistics in pharmaceutical industry is very important . when we are in the process of development of a new formulation we try many combinations and permutations before of API and excipients. Therefore we may face a significant loss of money and resources in the process of development moreover it also causes loss of ones precious time.Vak IT Solutions uses stats it reduces the number of formulations to be prepared as it gives the optimized number of formulations reduces the use of resources and makes research very economical.

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