first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Ron ShevlinYou need a license to drive, a license to surgerize, a license to anesthesize…and it’s about time you needed a license to statisticize.The abuse of statistics has been rampant in business circles for a long time, particularly as it applies to the confusion between correlation and causation. But the misapplication of statistical principles shows up in other, and sometimes subtle, ways.A Centric Digital post titled How Banks Are Responding to the FinTech Craze reported on a study conducted by Statista. The headline on the Centric Digital post reads:Most banks incubate to keep up with fintech.This “conclusion” is based on Statista’s data which found that 43% of banks choose to participate in the fintech race by deploying startup programs to incubate fintech companies continue reading »last_img