Quantitative Complexity Management: A simple 5 step process

There are plenty of self-anointed subject matter experts happy to pontificate upon complexity. Sources, causes and their own approach to solutions but what they all (except Ontonix) lack is the means to establish a sound (verifiable) quantitative basis from which to commence the process of ‘complexity management’, monitoring and maintenance.

Check it out, for FREE, on-line!:

The following five-step process forms the backbone of all our service engagements. It reflects our extensive experience in Quantitative Complexity Management in a multitude of applications spanning a wide variety of industrial sectors. It also illustrates the typical structure and workflow in a business simplification and ‘robustification’ project.

via Ontonix – Complex Systems Management, Business Risk Management.

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Regulation, Capital Concerns Top Insurance Worries – Wall Street Journal (blog)

See on Scoop.it – Complexity & Resilience

Economic Times Regulation, Capital Concerns Top Insurance Worries Wall Street Journal (blog) “A focus on capital management and regulations is familiar territory for insurance companies and therefore the least surprising finding in our survey,”…

David G Wilson‘s insight:

INSURERS AS SOURCES OF SYSTEMIC RISK: An industry that can’t establish ‘causal relationships’ within its OWN systems has no chance of identifying or addressing THE issues that cost them more than customer claims, affect their ability to build RESILIENCE into their own portfolios without their customers (and partners) becoming, measurably, more resilient…"A survey of insurance companies worldwide shows many see an increasing regulatory burden as being one of the their biggest challenges over the next several years, along with capital management issues, the impact of social media and the adoption of big data and other technologies"

See on blogs.wsj.com

Bank Of England Warns Banks Worldwide About Risks In Steep And Abrupt … – International Business Times

See on Scoop.it – Complexity & Resilience

International Business Times
Bank Of England Warns Banks Worldwide About Risks In Steep And Abrupt …

David G Wilson‘s insight:

Banks as ‘superspreaders’ of systemic risk…"Financial institutions and markets are also vulnerable to an abrupt rise in global interest rates”…because it is their already hard-pressed business and personal customers who have to find the funds! Measurable RESILIENCE is the only course: www.rate-a-business.com

See on www.ibtimes.com

A room full of mirrors – cycan

See on Scoop.it – Complexity & Resilience

In business and life there are increasing levels of paradox and complexity – how are your managing? http://t.co/vJ8gnmgqJ3

David G Wilson‘s insight:

One paradox is that success can breed complacency. But why change something that works? The reality is that change is inevitable and occurs unnoticed. If you are not changing, then there is a strong probability that you are diminishing. A basic natural law is that if something is not growing, then it is decaying.

 

See on www.cycan.co.za

Innovation:: managing complexity & reducing risk [Design News]

I was first aware of the author courtesy of this quote…that alarmingly few business ‘leaders’ appear to, either, believe or understand…

“In a complex system, learning how all the pieces—constant and variable—interact gives a depth of understanding that averts catastrophe. That is what we mean by human-centred design—understanding the interfaces among technology, people, communities, governments, and nature. This is what makes complexity manageable”.

If you are in the business of making money based upon the ability of another party to avoid financial loss, then your own ability to identify the properties that distinguish ‘good risk from bad’ is, SURELY, fundamental!? So the message that there is a means to gain “…understanding that averts catastrophe“, through “understanding the interfaces among technology, people, communities, governments, and nature” must surely be greeted with wide-eyed enthusiasm.