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Solving the dynamic complexity dilemma

Predictive and Prescriptive Business Management: Answering the Need for a New Paradigm

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  • 307bladzijden
  • 11 uur lezen

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Dynamic complexity arises from hidden interactions between factors that can unexpectedly affect system performance. When these influences are not understood, they can lead to unforeseen behaviors that disrupt efficiency, causing costs to rise while quality and volume decline. Problems may manifest too late for effective resolution, especially as technological advancements accelerate change and reduce reaction time. Unmanaged dynamic complexity can result in chaos, as seen in global events like the 2009 H1N1 pandemic and the 2008 Credit Crunch. Today, many executive leaders find that their business and IT systems underperform, often due to dynamic complexity that remains hidden until symptoms emerge—usually too late to mitigate negative impacts. This book addresses the issue of dynamic complexity and offers practical solutions. To enhance predictability, organizations must identify dangerous behavioral patterns early enough to take corrective actions and understand which strategies will yield the best results. The authors advocate for innovative risk management methods that leverage data collection, analytics, machine learning, and automation to improve predictive accuracy and performance outcomes. These strategies are grounded in the authors' practical experiences and scientific principles, supported by results from consulting with over 350 global organizations.

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Solving the dynamic complexity dilemma, Nabil Abu El Ata

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Jaar van publicatie
2014
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(Hardcover)
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