Knowledge

Ask fewer and better questions – Right now!

Ask fewer and better questions – Right now!

In a previous article, When a robot gives better estimates than a human, Bo Thygesen from ACI describes how we use the LENS model to avoid human bias and have a “robot” estimate probability and loss for hundreds of systems better and faster than a human can do. How...

What’s the fun in that?

What’s the fun in that?

The last couple of years have reminded us of how dangerous and fluid the world is. It's become our new normal. War in Europe, climate changes, macroeconomic problems and cyber attacks are just some of our society's issues.  Now, in Denmark, we talk a lot about...

Give me a number!

Give me a number!

People are often asked about estimates in investments, the opening of new business areas, projects and budgeting. The estimates given are subject to uncertainty. No one can tell the exact amount, time etc., that will occur in the future.  Despite this...

The simplest risk metrics that we just can’t agree on

The simplest risk metrics that we just can’t agree on

Inherent risk… residual risk… current risk? When your risk manager or regulatory affairs asks about your “inherent risk”, it highlights a fundamental flaw in qualitative risk assessments. Here’s why - and how to fix it. Although most of us engage in some form of risk...

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