Machine Learning doesn’t solve everything
Tom Fiddaman of Ventana Systems on how data and System Dynamics can reinforce each other. Machine Learning does not solve everything and in combination with System Dynamics we can handle complex issues:
“The more your aspirations cross organizational silos, the more you need the engineering mindset, because you’ll have data gaps at the boundaries – variations in source, frequency, aggregation and interpretation. You can backfill those gaps with structural knowledge, so that the model-data combination yields good indirect measurements of system state. problem is local, data is plentiful and your prior knowledge is weak, an algorithm can explore more possibilities than you can dream up in a given amount of time.”
Tom, bull’s eye!
Copernicos applies this within the field of asset management with Asset Dynamics.
share on social media
ALSO INTERESTING
other insights
The Transition Expedition
We are on our way to an uncertain future. A future we can discover together and that we want to make more sustainable than today. A future we can shape individually, but also collectively. To do so, we need to make choices.
Futurologist en Copernicos
In a presentation by futurologist Richard van Hooijdonck I heard a number of things that correspond with the Copernicos vision. Van Hooijdonck outlines a development that is currently underway: the world is in a process of connecting in which parts react, interact and influence each other.