And the banking industry.
Such super-huge companies have been named as “Too Big To Fail” by Stewart McKinney when he served on the Banking, Finance and Urban Affairs Committee in 1984. He was wrong. Super-huge companies and banks have failed and without early warning. Size, in this case, doesn’t matter. The problem, in fact, is not so much size as complexity. Excessive complexity to be precise. The new paradigm is “Too Complex To Survive”. The enemy is excessive complexity. And why?
- Highly complex systems are intrinsically hazardous systems.
- Highly complex systems run in degraded mode.
- Catastrophe is always just around the corner.
If we allow this mega-monster corporation to emerge, we need to be well aware of the three keywords appearing above: hazardous, degraded, catastrophe. Is this the world we want?
Today, complexity can be measured and managed. It is a fundamental and strategic Key Performance Indicator of any modern business. Ontonix is the first and only company to measure and manage complexity. Rationaly. Serious science starts when you begin to measure.