The Statistics departments in the Institution helps understand complex data by collecting, analysing, interpreting, and presenting it in a digestible format, which supports decision-making, problem-solving, and forecasting in various fields like business, economics, and science. Its functions include simplifying large datasets, highlighting trends, making comparisons, and providing a basis for planning and policy formulation. The importance of statistics lies in its ability to provide insights, measure uncertainty, and enable informed judgments in situations where data is involved.