A lot of measurement has to do with getting statistical measures;
Chinese translation: 猜想
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01:54 Dec 1, 2004
English to Chinese translations [PRO] Tech/Engineering - IT (Information Technology)
English term or phrase:A lot of measurement has to do with getting statistical measures;
With its long history, finance must have scores of commonly accepted definitions and formulas. Security executives, on the other hand, often have different definitions of what constitutes a security breach and different ways of measuring the costs of fixing a breach. Does that make it harder to deal with the issue of risk?
I think it does. A lot of measurement has to do with getting statistical measures; that requires that you're talking about the same thing. If you want a time series on a certain kind of thing, you need to know what those things are. People probably get too focused on getting it exactly right, but it's important to have some homogeneity of what you're talking about. In finance, the trick is to turn them into a dollar cost or dollar benefit. Potentially security could do that; you might use the cost of something happening as the metric.