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.
Futurologist and 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.