Abstract:This paper makes the case that in an Internet of Things (IoT) world where data processing has become pervasive, the assessment of whether or not the underlying (statistical) modeling assumptions are justified and appropriate should no longer be limited to the perspective of mathematical statistics alone. The paper argues that large parts of sound academic research in engineering lack practical merit in that, akin to a concept car, they are not market-ready, most commonly due to feasibility and liability issues… Show more
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