Comment to our previous blog: Ontonix is launching a huge change and I love changes. Things that do not change scare me, because they look too much like death. However, for years we have been looking for resilience, we have been defining resilience, we have been measuring resilience, we have been preaching resilience. Are we…
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…
QCM technology allows to make very quick risk and resilience assessments of all sorts of systems of processes. All it takes is data. Data may be sampled over time, space or frequency. Consider, for example, the following monthly data (only a small portion is shown) of failure counts of a railway operation. The data simply…
April 28, 2020 Fitch cuts the rating of Italy from ‘BBB’ (April 21, 2017) to ‘BBB-‘ with stable outlook. The downgrade, the agency points out, “reflects the significant impact of the Covid-19 pandemic on the Italian economy”. According to Fitch, in 2020, Italy’s GDP should record a drop 8% with a debt / GDP ratio…
The covid-19 has accentuated the fragmentation of the European Union. In a moment of political fragility we have performed a resilience rating analysis of the union as a whole as well as of the individual countries and specific macro regions. The idea is to perform a preliminary and simple assessment of how each country could…
Just to put things in perspective: “Overall, the CDC estimates that 12,000 and 61,000 deaths annually since 2010 can be blamed on the flu. Globally, the World Health Organization (WHO) estimates that the flu kills 290,000 to 650,000 people per year.” Read full article. The dispersion, 290,000 to 650,000 is significant. We have run…
In the era of globalized and interconnected economy, it is becoming clear that all corporations, banks and countries form part of a huge system of systems. As turbulence increases and the possibility of shocks and extreme events rises, the importance of a systems perspective of the economy becomes evident. In fact, due to turbulence, and…
A recent blog by CISCO speaks of how QCM – Quantitative Complexity Management – is used in anomaly detection in highly complex systems and contexts. In particular, it speaks of QCM as being able to detect the existence of an anomaly without having seen it before. Such capability goes beyond Machine Learning in that QCM…
