Whitepapers and Blogs

“Rare events” are low frequency, high-severity problems that can have far-reaching consequences. Examples are insurance fraud, major stock market crashes, and disease epidemics. Predicting and simulating such events is difficult but can be extremely valuable. Key challenges are typically the lack of historical data and the inapplicability of common statistical techniques. Two basic requirements of … Rare-Event Modeling: The Law of Small Numbers

“Capitalism has a new denominator. It’s not capital, it’s TIME.” Economies of scale were the battlegrounds where big-league players like General Motors and Ford won and established the old-world order of business. However, network natives like Amazon are disrupting the top order through Economies of Speed – using speed to deliver an engaging customer experience … Economies of Speed: The New Business Battleground

Businesses often find themselves treating the symptoms of, rather than solving the real problems that originate in economies of speed, where the customer’s focus has shifted from products and services to experiences. In the past, delivering a high-quality product or reliable service might have been enough to secure customer loyalty. However, advances in technology and … Empathy in Business Decisions

Introduction The aftermath of Brexit has triggered a shift in the global landscape of data protection regulations, challenging organizations to reevaluate their privacy and security policies. As the United Kingdom contemplates whether to align more closely with or diverge from EU standards, the importance of data governance is becoming increasingly evident. In this era of … Data Governance for Modern Businesses