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…

Manage Design Complexity in Engineering

The commentary on complexity management by J.Marczyk has been published on December 1-st, 2014 in Desktop Engineering. See original article here. The complexity of modern products, as well as the associated manufacturing processes, has increased over the past few decades and there is evidence the trend will continue. Complexity means functionality. Consider how many things…

Large-scale Analysis of Ecosystems of Corporations

In an interconnected and complex economy corporations form networks, or ecosystems as well as supply chains (or supply networks as they should be called). In the case of banks, telcos or insurance companies these ecosystems can be huge as they may contain millions of clients. Moreover, such ecosystems are changing constantly as companies compete, cooperate…

The F35 – Too Complex To Succeed

A recent article on the troubles and tribulations of the F 35 fighter claims that: “… this flying supercomputer …..is a cascading series of compromises that has produced an aircraft inadequate to meet any of its functions…” Critics claim that the  F 35 “can’t turn, can’t run, can’t climb”. While the issue of the true…

Systemic Resilience Analysis: Supercomputers Provide New Tools for Regulators, Investors and Governments

  In a world dominated by turbulence and interdependency, fragility and complexity are the main new factors which are impacting the global economy and driving financial performance. While the unprecedented challenges affecting the global economy are a source of both opportunities and threats, traditional analytics technology is insufficient when it comes to capturing new drivers…

Why Regulating Ratings Won’t Fix the Problem

Much has been written about the global economic crisis, its causes and its consequences. We could say that to a large extent we actually understand what has happened and why. The point, however, is to look to the future and to learn from past mistakes. In particular, we would all like to understand how to…