Supply chain complexity

My interest and that of my colleagues at Ontonix is “the mastery of complexity”. But it can be a difficult message to communicate to business leaders for whom the term complexity either means very little or sounds vaguely like something made up by the type of Consultants who will invent new (and scarier) threats to business just to keep them in the style to which they have become accustomed!

So, it is reassuring and extremely useful when experts from business and/or Academia use their significant influence to warn of the, very real, dangers. In his article, Supply chain futures: the mastery of complexity, Philip Greening does us – as providers of unique Complex Systems Management, Business Risk Management & Quantitative Complexity Management IT solutions – and members of the Supply Chain community an enormous favour. Read more of this post

Ontonix can help with elephant etiquette, Swans and the visually impaired…

It's going to take a lot of regulation to AVOID something this size!Like him or not, agree with him or not you can’t say that Nassim Taleb (NNT) isn’t “good value”!?    He wears his heart on his sleeve and says what he thinks.

NNT Big game hunter

Whilst others are content to talk “elephant droppings” about rules to regulate elephant behaviour…that they wont read (even if they could) he has determined the best means of dealing with an elephant infestation, is neatly folding his jacket, rolling up his sleeves and is staring-down the elephant on his fireside rug before launching his first attempt to teach the elephant about living room etiquette!!! Read more of this post

Does complexity guarantee “system failure”?

According to one journalist, whose speciality is deconstructing accidents, it does (see below). Naturally we at Ontonix would like to respond to this statement:

When complexity reaches the point of “critical complexity” system functionality is lost and failure can ensue.

System  complexity can be managed…that is what we do! More Complexity Facts from Ontonix

Nevertheless this is an interesting and worrying observation. One that, when taken in the context of Global Financial Services, begs the obvious question: Read more of this post

Enormous cost of IT failure: $500 bn per month – complexity often cited as culprit!

In a recent whitepaper titled “IT complexity: Danger or Opportunity,” Roger Sessions calculates that each year the U.S. loses $1.3 trillion to IT failures. Worldwide it equates to $500 billion per month or $6.18 trillion. Sessions says the culprit is almost certainly IT complexity.

Whether the figures are accurate or not the message is clear: Prevention is key because the price of failure is huge

Problem: there aren’t many companies ready, willing or able to invest the kind of money required to replace existing systems.

Answer: monitoring and maintenance…but who (in their right mind) doesn’t already do this?

It does rather appear that costs of the magnitude that, prior to the virtual collapse of global financial markets, were (almost) exclusively the domain of playground fantasy are being spent of “shutting the door once the horse has bolted.”

Solution: a reliable and proven means of mapping, monitoring and managing system complexity with inbuilt “crisis anticipation”…Ontonix

In the following example we refer to monitoring an IT system within a banking environment. Often, due to a mish mash of legacy and bespoke systems, amongst the most complex and, therefore, vulnerable. At the other end of the spectrum lie systems associated with Call Centres (link).

Experience: Major Polish telecommunications providers turn to Ontonix – Polkomtel acquires licenses of OntoSpace and OntoDyn.Plus

Existing clients

image Swisscom is Switzerland’s leading telecoms provider, with 5.7m mobile customers and around 1.8m broadband connections

Real-time Monitoring of IT Systems (Bank)clip_image002 IT systems in banks are extremely complex dynamical systems, composed of disparate hardware platforms, disk, routers, software applications, and are accessible by the bank’s customers via the internet. Clearly, the correct operation of a bank’s IT infrastructure is of vital importance. Real-time monitoring of the complexity (and fragility) of a large IT system may be used to issue early warnings to the system’s managers, helping intervene before the systems reaches a state of crisis.

The following graphic is not specific to IT or telecoms. systems but highlights some of the consistent and verifiable results of our unique research into system complexity. Our technology is in use in a wide range of sectors including Banking, Mining, Medical research, Healthcare and Air traffic control to Computer aided design and petrochemical manufacturing.

Principle of Incompatibility

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Euro – Austerity to fund failed institutions

German Logo of the ECB. 

Image via Wikipedia

I am not alone in “banging on” about the lack of TRANSPARENCY in the banking system (and wider financial sector). The man on the street didn’t know or care much for how the sector conducted business as long as the had a job (income) and could afford the odd “luxury”. Many were happy in their ignorance and content to leave Governments to get on with the job in hand BUT MUCH HAS CHANGED and with the likelihood of more Corporate defaults (Connaught has been coming for some time), as well as at sovereign and state levels in EU and USA respectively, imminent the levee is gonna break.

What is the difference between a global recession and a global crisis!?

European Banks Still on the Brink

The EU banking system is in big trouble. That’s why European Central Bank (ECB) head Jean-Claude Trichet continues to purchase government bonds and provide “unlimited funds” for underwater banks. It’s an effort to prevent a financial system meltdown that could wipe out bondholders and plunge the economy back into recession.

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