Search Results for: complex
Doing More With Less In An Era of Increasing Complexity
It seems like the managerial refrain, “Do more with less” is never ending. This mantra has been part of the business lexicon for decades and becomes back in vogue with every Reduction in Force (RIF). Technology is often seen as the ‘gap filler’ when the number of humans involved in processes are decreased. Technology as
Operational Complexity: Risk Model Insufficiency
Most readers will be familiar with the above linear Risk Matrix Model. This graphical representation of risk exposure is useful but strict adherence to it can lead to a false sense of security. Systemic Risk Management The real world is very complex with many moving parts. The potential interaction of processes, events and other challenges
Millennials Take On Our Increasingly Complex World
Originally published in 2013. On January 1st at 0348 hours a young engineer employed by a service company is trying to address a problem she has encountered with a compressor on a drilling rig in the Deepwater Gulf of Mexico. She graduated from college three years ago and went to work for a large energy
Our Spreadsheet Society
“The only rules are the ones dictated by the laws of physics. Everything else is a recommendation.” — Walter Isaacson/Elon Musk We live in a spreadsheet society. Columns of Categories of People and Rows of Wants, Needs, and Desires. This model is too simplistic. What is needed, and Big Data can provide, is a more sophisticated approach.
Let’s Test Artificial Intelligence
This author is working on a book to be published in early 2025 that addresses issues about the decision to procure and implement today’s exploding technologies such as Artificial Intelligence (AI). So, for this edition, we wanted to try something new. We are going to ask Chat GPT how to sell Artificial Intelligence and glean knowledge
How Do Your Know the App is Giving You the Right Answer?
We all rely on Apps for most of our decision making. But, how do we know the app is providing the correct answer? The stories about spreadsheet errors are legendary and are usually the result of human ‘data entry’ or ‘calculation’ errors. However, software can be the root cause for problems. Software bugs are classified into
Is Chivalry Dead?
Some still believe that an individual’s word is his/her bond. Or that the Marquess of Queensberry Rules still apply. Sadly, for many, these statements are outdated. Blockchain is a, “decentralized digital ledger that securely stores records across a network of computers in a way that is transparent, immutable, and resistant to tampering.” This is the
What Does ‘Systemic’ Actually Mean?
The word Systemic is tossed around quite loosely these days. Especially when discussing social issues and politics. But what does it really mean when we say something is systemic by nature? By one definition it is, “Of or relating to a system or a system and other relating to or affecting the entire body or
How Effective at Multitasking are We?
According to no less than the Cleveland Clinic, ” Studies (regarding multitasking) show it makes us less efficient and more prone to errors.” Cleveland Clinic goes on to make the case: When tasks are easy and routine such as, “like listening to music while walking, or folding laundry while watching TV,” these are generally not