Presentation: deeper understanding by thinking in systems

“Systems thinking” can help with the understanding of so much in our lives that, we either take for granted, or are content to leave in the “domain” of Academics, experts and specialists. I thought this an excellent presentation on the subject and one that may “whet the appetite” to learn more about the complexity of non-linear systems.

Business owners, finance and risk professionals who continue to think predominantly in terms of linear processes will only succeed in increasing uncertainty in the environments in which they operate…and beyond!

Why? Because it is much easier to stick with an engrained belief system (Mental Model), particularly one that is widely accepted, understood  and applied than it is to question or challenge the norm. Contrarians are as welcome as whistleblowers in firms with something to hide!

What systems thinking illustrates is that, we need to reconsider much of what we know – or thought we knew – about “risk”. We don’t exist in a “Gaussian world” that fits neatly into a bell curve. The fact is that “outliers” in data cannot be discounted. Rare events do happen and their impact can be disproportionately large.

ENGINEERING ANALYSIS: measure resilience on-line

COMPLEXITY MANAGEMENT
Special Edition: ENGINEERING  ANALYSIS

NEW ENGINEERING PORTAL  – MEASURE ROBUSTNESS ONLINE

Design for Resilience (D4R) is a web-based service that enables engineers to measure the robustness and complexity of systems.

Using the latest developments in maths and science we deliver a graphical tool which not only measures how robust a system is, it also ranks the system variables in terms impact on functionality and resilience.

Complex products cannot be engineered to perform safely and efficiently if  robustness and complexity are not measured. How robust are your designs? Can you afford not to know?

Read more.

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FT.com: Financial institutions stare into the abyss

The world economy once again stands on a precipice. Finance ministers might want to look straight ahead, but investors are forcing them to peer down to the abyss.

As advanced economies slow sharply and emerging economies wonder whether inflation or recession is the greater threat, the need for finance ministers to find a way to achieve their ambition of “strong, stable and balanced” global growth has rarely been more urgent.

Christine Lagarde, the new managing director of the International Monetary Fund, has urged countries make necessary adjustments to restore confidence.

“I believe there is a path to recovery, much narrower than before, and getting narrower. To navigate it, we need strong political will across the world―leadership over brinkmanship, co-operation over competition, action over reaction,”

Could it be that it takes for the global economy to, once more, stand on the very brink of collapse before common sense prevails?

An institutional culture driven by Greed, Fear and Ego brought us to the edge and has been allowed to prevail as the people who created the problems were “trusted” to resolve them!

Trillions have been “wasted” on sustaining a false market, supporting failed Financial and Political institutions whose flawed philosophies and (morally) corrupt culture were exposed long before the 2008 collapse. They have been allowed to, essentially, micro (mis)manage – nationally and regionally – issues that required an holistic perspective (across domains), clear decisive leadership and macro management.

Facilities Management: Sustainability + “intelligence” = Smart asset strategy

Think of a building as a system (or man-made ecosystem) that may be unable to function if one of its sub-systems fails.

Each sub-system is inter-connected, either physically, or by the purpose for which it was constructed or is occupied. At best, the loss of one sub-system can lead to a temporary partial or full closure. At worst it can cause unseen damage to another sub-system or systems.

So, if the overall system is reliant upon interdependent sub-systems: WHY are interdependent functions only measured independently?

”Imagine assessing the robustness of the electricity grid with data on power stations but not on the power lines connecting them”

Ontonix technology offers the solution. By, effectively measuring the complexity of the (eco)system, each interdependent sub-system and the evolving relationship amongst them. The result is an early warning system providing “crisis anticipation” that supports the old adage that “prevention is better than cure”…it is also much more resilient, sustainable and profitable!!!

Take the smart technology associates with modern construction, facilities or asset management and then…. …add a “brain” in the form of a real-time (remote if necessary) complexity management system from Ontonix. Rents and Occupancy Higher for Green Office Buildings The real estate sector can play a significant role in a low-carbon economy. Not only do investments into more sustainable business practices and technologies benefit the environment an … Read More

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Nuclear Energy Institute of Tsinghua University Purchases OntoSpace

Beijing, 14th September, 2011.

The Institute of Nuclear Energy Technology of Beijing-based Tsinghua University has purchased a license of OntoSpace, the World’s first Quantitative Complexity Management System by Ontonix. "We are very proud to serve the prestigious Tsinghua University" said Dr. J. Marczyk, Founder and Chief Technical Officer of Ontonix. "Collaboration with leading academic institutions is paramount for a  company with so much focus on technology innovation as Ontonix" he concluded. 

Located in the north western suburbs of Beijing, Tsinghua University was established in 1911 on the site of “Qing Hua Yuan (Tsinghua Garden)” —a former royal garden of the Qing Dynasty. For more information on Tsinghua University read here.

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