Mega-Platforms, Mega Risk
There’s a world of difference between innovation and disruption. “Think of innovation as doing more, in the same old way,” said Haydn Shaughnessy, innovation specialist and author of Platform Disruption Wave: How the Platform Economy is Changing the World. He presented a GARP webinar on “The Rise of Mega-Platforms and the Risks to Banking” on May 25, 2016. In the first part of his talk, he described mega-platforms. He referred to the thesis of The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail by Clayton Christensen. This book argues that successful companies get so caught up in meeting […]
The Dawn of the Mega-Platform
Disruption of the financial sector is just on the horizon, says Haydn Shaughnessy, author and innovation specialist. He presented a webinar on “The Rise of Mega-Platforms and the Risks to Banking” to the Global Association of Risk Professionals (GARP) on May 25, 2016. His books include The Elastic Enterprise, Shift, and (most recently) Platform Disruption Wave. “What are the consequences of the disintegration of industry structures?” Shaughnessy asked. Most people see innovation as trying to get more of something that’s desirable, he said, but they might not understand clearly where they are headed. In short, what is the “big picture” […]
Fast Turnaround of Complex Math
Imagine you are driving your brand-new mini-van, the latest Drake album cranked on high, the windshield wipers at top tempo, and the heater keeping things toasty. You go to switch the headlights to high-beam—and you are suddenly hit by the unmistakable odour of melting circuits…. Not a happy situation. It’s one that automotive designers the world over try to avoid by extensive testing of many different usage scenarios. Problem-solving tools have dramatically changed the way engineers advance their knowledge, for financial, automotive, chemical, and other sectors. Many products and technologies we take for granted—such as the electronic circuitry in a […]
Worst Case Analysis Made Easy
Can symbolic computing improve real-world design? Definitely yes, according to the product development team at the automotive firm Delphi. “Each time the circuits were changed, the electrical equations changed. We turned to symbolic computing so that we could quickly deal with design changes,” said Michael G. McDermott, Senior Development Engineer at Delphi. He was the second speaker in a webinar on May 25, 2016, titled “How Far Can Your Math Knowledge Go?” Lights, heating, movies for kids in the back to watch… Over time, vehicles have come to have more and more elaborate electronics. These can lead to unpredictable stresses […]
The Case for Symbolic Computing
Should you care about symbolic computing? If your work involves concepts that are expressed in math, and if you want to reduce errors and routine work, then Samir Khan says, yes, you should. Khan, Product Manager at Maplesoft, was the first speaker in a webinar on May 25, 2016, titled “How Far Can Your Math Knowledge Go?” “Symbolic computing allows you to automatically derive system equations using well-defined rules,” said Khan. “It allows you to mechanize your work with equations, such as the routine manipulations that are done in algebra.” The traditional design process means the designer (or engineer or […]