Complexity and Revisiting Anomaly Detection

Wikipedia: “In data mining, anomaly detection (also outlier detection) is the identification of rare items, events or observations which raise suspicions by differing significantly from the majority of the data. Typically the anomalous items will translate to some kind of problem such as bank fraud, a structural defect, medical problems or errors in a text.…

Ryanair, a Fragile Complex Giant.

The laws of systemantics are said to be pseudo-science. Fair enough. A few of these laws are listed below. They apply to highly complex systems. Think of these laws and then think of the EU, the Euro or, most recently, Ryanair.   Le Chatelier’s Principle: Complex systems tend to oppose their own proper function. As systems grow…

When Will AI become Less Artificial and More Intelligent?

From Wikipedia: “Artificial intelligence (AI) is intelligence exhibited by machines. In computer science, the field of AI research defines itself as the study of “intelligent agents”: any device that perceives its environment and takes actions that maximize its chance of success at some goal. Colloquially, the term “artificial intelligence” is applied when a machine mimics…

Why ICT Systems Implode

  Remember the recent British Airways IT meltdown? Problems with power supply are believed to have caused the crisis. Note the word “believed”. According to the mentioned source, when the power came back online, it did so in an uncontrolled manner, damaging the IT system and initiating a sequence of events that plunged the system…

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…