Tag Archives: complexity

Business analytics model risk (part 3 of 5): model scoping and complexity

June 5, 2013

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complexity

Business analytics model risk (part 3 of 5):  model scoping and complexity Following from article 2 of 5 on Business Analytics Model Risk Link to introductory header article (0 of 5) In a the first article in this set on business analytics model validation (https://sctr7.com/2013/03/14/model-risk-when-is-a-business-analytics-model-validated/), it was proposed, in summary, that: 1) business decision models are […]

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Business analytics model risk (part 2 of 5): saving the kingdom, one nail at a time…

June 5, 2013

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For want of a nail...

Business analytics model risk (part 2 of 5):  saving the kingdom, one nail at a time… Following from article 1 of 5 on Business Analytics Model Risk Link to introductory header article (0 of 5) For want of a nail the shoe was lost, for want of a shoe the horse was lost; and for want […]

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Adopting Analytics Culture: 1. Why Change Management? (1 of 7)

May 26, 2013

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Cognitive Bias

PART OF A SERIES ON ADOPTING ANALYTICS CULTURE: 1 of 7 LINK TO HEADER ARTICLE What does change management have to do with business analytics? Along with feverish interest in business analytics (BA) and ‘Big Data’ has been an interest in how organizations can adopt ‘analytics culture’ to evolve what has been called ‘analytics maturity’ […]

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The Organization as a Decision Making ‘Brain’

May 25, 2013

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The Organizational Brain

An engaging perspective concerning organizational decision making dynamics is that an organization can be seen as a type of decision making computational system.  An organization is composed of an assemblage of agents held together, in tension, by incentives (some shared, some selfish), assessment systems, and decision rights (power) accompanied with access to knowledge, some of […]

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Smart City orchestration via analytics-driven economic engineering

March 14, 2013

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Smart City

The Smart City challenge, at root, is a complex ‘system of systems’ problem. Implementing a point solution such as an electricity Smart Grid, can cause knock-on instabilities if not coordinated and architected in conjunction with overlapping urban designs, such as emerging electronic vehicle transportation initiatives or Smart Cloud installations. PRESENTATION LINK: http://www.sark7.com/docs/Smart_City-Financial_Engineering.pdf Macro-systemic instabilities can emerge […]

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Business analytics model risk (part 1 of 5): when is a business analytics model ‘validated’?

March 14, 2013

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Model validation

Business analytics model risk (part 1 of 5): when is a business analytics model ‘validated’? Link to introductory / header article (0 of 5) See also – recent post: 12 trends in data analytics In Jorge Luis Borges’ parable “On Rigor in Science” (“Del rigor en la ciencia”), a lost empire attains such perfection in […]

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Architecting the evidence-based firm: technical challenges and organizational approaches

March 6, 2013

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architecting the evidence-based firm

Global organizations are beset by expanding complexity bearing accompanying uncertainty. In the wake of the still-unfolding Global Financial Crisis, an awareness of the destabilizing repercussions of misaligned incentives across an increasingly interconnected world are emerging, whether the frame be the mortgage industry, as per the U.S. subprime mortgage meltdown; securities portfolio management, via reoccurring trading […]

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Decision Management: Are we hitting natural human limits?

December 27, 2012

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Decision Management

It is interesting to observe that it is increasingly difficult to follow a linear decision process where complex institutional projects and initiatives are involved.  We see that there are growing risks and an accompanying tendency to fail when decisions are driven too quickly.  Likewise, when allowed free-reign, decision processes have a tendency to return to […]

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