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Big data or Thick data: two faces of a coin

Big data or Thick data: two faces of a coin which can be defined as follows. Big data (BIDA) is a term for large or complex data sets that traditional software has difficulties to process. Process generally means for example capture, storage, analysis, curation, searching, sharing, transferring, visualizing, querying, updating, etc. However, the term also often refers to the use of predictive analytics, user behavior analytics or certain other advanced data analytics methods. Analysis of data sets can find new…

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Lean enterprises win

Lean enterprises win. A bit more than a century ago the Norwegians conquered the South Pole while well funded and well resourced British “competitors” in the race to Antarctica all died on the way back. Lean enterprises win The Norwegian expedition leader was Roald Amundsen. He trained with the Inuit in Canada during an epic prior expedition to the North West passage. Robert Scott led the British team and showed up at the South Pole 34 days later than Amundsen…

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Technical session towards improving environmental social disclosure NI43-101

Below are my views of the various presentations heard at CIM2017 in Montreal, during the Technical session towards improving environmental social disclosure NI43-101. Various talks, from various speakers, who shed some light on this multi-faceted theme were the trigger to this blogpost. Each one came from his or her own line of business and interest, including myself. Technical session towards improving environmental social disclosure NI43-101 There was a broad consensus that risks are not only “technical” matters any more. The…

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Oroville Dam risks became unmanageable?

In the case of Oroville dam, the population exposed to the potential dam failure has increased significantly. Normalization of deviance increased the probability of failure. So is it possible that Oroville Dam risks became unmanageable because of that? Oroville Dam risks became unmanageable? When looking at risk mitigation the old saying is that you can either lower the probability or lower the consequences. That statement requires some explanation. Indeed what mitigation alone can do is exclusively to reduce the probability of…

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