To outsource or not to outsource data collection, management and analysis for military platforms? This is the question we will attempt to answer in this short blog. Data-driven business models hinge on products that bring manufacturers and users together in mutually beneficial ways. Independently of market sector, almost all new products contain plenty of software…
A few years ago, our company was given the task of simulating bank mergers. From a pool of several hundred banks we simulated hundreds of mergers – large banks with large banks, small ones with large ones, mid-size banks with large banks and with small ones. This result was extraordinary and remarkable to say the…
The evolution of man, ever since the first hominids appeared, has been driven and characterized by numerous factors of diverse nature, such as geography, climate, ethnicity, superstitions and, with time, religion, art, science and philosophy, just to name a few. However, the common thread that may be observed throughout history is the formation of structures…
Contemporary real time system monitoring appears to be the same in each discipline and field of application. Whether it is an aircraft, a chemical plant, a hospitalized patient or an assembly line, the logic is always the same: Deploy a set of sensors Establish admissible upper and lower bounds for each sensor (channel) Define a…
Models are simplified representations or emulators of reality. They are typically based on empirical data collected conducting experiments. There exist numerous techniques for establishing models based on data. An example of a linear model, built based on 2-dimensional data is illustrated below. The model in this simple case is a straight line. It may be…
Anomaly detection, especially their early detection, is a crucial capability when it comes to operating large complex systems, processes or critical infrastructures. Because it is difficult to make highly complex systems resilient in the face of a multitude of potential often unknown hazards, it is desirable to be able to identify anomalies, malfunctions and attacks…
Resilience is a fancy, fashionable à la mode word. Being able to withstand the slings and arrows of outrageous fortune is something everyone wants. The ability to recover quickly, to spring back into the original shape is certainly desireable in any field. Nature builds resilient things. Engineers are sometimes able to create resilient designs. This…
Every year the World Bank publishes its Development Indicators data, which we analyze in order to measure and track the resilience (fragility) and complexity of countries, macro regions and of the world as a system. The goal is to produce strategic systemic information for governments and government agencies especially in the context of management of disasters,…
Each year the World Bank publishes its Development Indicators data, which we analyze in order to measure and track the resilience and complexity of countries, macro regions and of the world as a system. The goal is to extract strategic and systemic information which may be useful to governments and government agencies especially in the…
In highly complex contexts, or when one runs out of arguments in a debate, it is customary to resort to elaborate conspiratory theories. Theories are constructed based on a set of data points. When many data points are available, one can construct many theories. The problem is that all these theories will agree in the…
