Ontonix S.r.l.: Complexity Profiling and Causality


See on Scoop.itComplexity & Resilience

Complexity is a measure of how much information a system “contains” and how much this information is structured. One could simply sum up the Shannon entropies of each variable and conclude that this is the total amount of information in a system. However, because variables can be correlated, they give rise to structure. Structure means the system can “do more” and, potentially, perform new functions. Structure is present everywhere in Nature.

David G Wilson‘s insight:

The potential to track causality through identification of ‘Causal Relationships’ offers insight where an early warning can serve as a means to prevent a potentially major loss.

Invaluable insight for carriers of financial and insurance risks where the causal relationship between its own profitability and risk profile is apparent…so, WHY, if loss prevention is achievable, are those charged with the responsibility to underwrite such risks, ‘content’ with conventional wisdom and a limited ‘risk horizon’ when:

AN INFORMATIONAL ADVANTAGE CAN CREATE A SIGNIFICANT COMPETITIVE ADVANTAGE!?

See on ontonix.blogspot.it

The companies of the future should look to the natural world to learn how to adapt and thrive. | The Nature of Business


If YOU are intent upon leading your organisation through turbulent times by seizing an ‘informational advantage’, to create and maintain a competitive advantage, we, at Ontonix, cannot wait to hear from you. I sincerely hope that you heed these words of wisdom from Giles…

Due to a number of business drivers, companies need to make big changes – “redesign for resilience” – if they are to succeed in these volatile times, transforming to become more emergent, inter-connected, values-led, organic and inspired by nature.

via The companies of the future should look to the natural world to learn how to adapt and thrive. | The Nature of Business.

Of course there are any number of firms who will offer their services should the need for business ‘transformation’ be realised! They come in a wide variety of sizes, some with very big reputations and a charging structure to match! But only Ontonix can offer an objective, quantitative, means of measuring the resilience of an organisation, a ‘division’ or a business process. Try it on-line for free…

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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!:

cid_part6_04050208_01010701ontonix.gifThe 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.

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. Read more of this post

The 7 Element OEM System: Breaking the Vicious Complexity Cycle


CxU=FOrganizations often use different names in different areas for what are essentially the same controls addressing the same Causes of Failure. For instance, processes such as Process Hazard Analysis (PHA), Hazard and Operability Study (HAZOP), Process Failure Modes and Effect Analysis (PFMEA), Equipment Criticality Ranking, risk registers, risk “bow-ties”, and other similar tools are all designed to address the same common Cause of Failure – failure to identify and assess risk. Implementing multiple variations of the same tool in response to poor performance or incidents drives organizational and process complexity.

http://www.wilsonperumal.com/blog/the-7-element-operational-excellence-management-system-breaking-the-viscious-complexity-cycle-2/

Good thinking, sound advice but the wrong starting point! Read more of this post