A Bank in a Nutshell

Businesses rely heavily on information and data. Many businesses actually store data. Some businesses use this data to derive statistics and models which are then used in an attempt to make the business more profitable, more efficient and streamlined. In other cases, models are used to produce forecasts, improve resource allocation, perform scenario analysis or…

Autonomous Driving. Are we Ready?

In highly complex systems malfunctioning or even bad design may remain invisible for a long time. In highly complex systems the crucial variables are often discovered by accident. Highly complex systems cannot be designed without taking complexity into account. Sounds obvious but today, in engineering design complexity is not considered as an attribute of a…

Is it Progress if a Cannibal Uses Knife and Fork?

The North American XB-70 Valkyrie was a (beautiful!) tri-sonic bomber developed in the early sixties. It was, even by today’s standards, an exceptionally sophisticated and advanced machine. What strikes is the short time it took to develop and build – we intentionally omit the information here since, by today’s standards it would make many people…

What Makes Big Data Big?

‘Big Data’ is a popular subject nowadays. Here is what Wikipedia says on the subject: “Big data is a term for data sets that are so large or complex that traditional data processing applications are inadequate. Challenges include analysis, capture, data curation, search, sharing, storage, transfer, visualization, querying, updating and information privacy.” and “Big data…

Brexit: the Most Likely Future Scenario

The laws of systemantics apply to highly complex systems and situations. As you read these laws think of the EU and of the recently celebrated Brexit.   Le Chatelier’s Principle: Complex systems tend to oppose their own proper function. As systems grow in complexity, they tend to oppose their stated function. A complex system cannot be…