Another year’s over, a new one’s just begun. And it’s time to answer that most crucial of questions: ‘What does 2018 hold in-store for EMEA banking?’. Unless I’m missing something obvious, all the signs point to the coming 12 months being characterised by the usual ‘evolution not revolution’, and anybody
Since the financial crisis, risk management in banks has grown in importance, and therefore so has the need for digitization. Regulations have called for stronger risk management of business processes. The first direct requirements for capital requirements and liquidity management were introduced in Basel III, but this has continued since.
Machine learning is very much the ‘topic of the moment’. It is being discussed everywhere, whether as machine learning, or as artificial intelligence. Machine learning techniques and tools have been around for a while, however, so why now? Is it just an idea whose time has come, or have there
The fourth edition of the series brings me to Rijkswaterstaat, the Dutch government agency responsible for the main connecting infrastructure in the Netherlands (roads, bridges, waterways and water systems). I talked with Bas van Essen who’s responsible for RWS Datalab, the big data lab within Rijkswaterstaat (RWS). Company Overview RWS
Stress testing is one of the hot topics of the moment for risk management in banking. A ‘stress test’ is an analysis designed to check whether the bank is holding enough capital to be able to manage a rapid downturn. It is, basically, a way to test the resilience of
In the media, we read about “big data” and how it will affect us for better or for worse. On an international scale, Norway has come a fairly long way when it comes to digitalization, and the healthcare sector has been moving full speed ahead with this initiative via its
Using data driven management as a method is one way to renew the health-care sector and ensure greater efficiency without loss of quality and good care. Advanced data analyses enable new, well documented decisions that result in better efficiency, higher quality, visible results and lower costs. That is why it is
There is a quote that is often attributed to one of the founding fathers of the Society of Jesus, the Jesuits: Give me the child for the first seven years, and I will give you the man. The idea is that what a child learns in their early years will
In 1963, the British comedian Freddie Frinton performed “Dinner for one” on German TV. It has become a tradition in Germany to watch that short piece of comedy on New Year’s Eve, and the question we always ask beforehand is: “Same as last year?” And that’s my point: Christmas is
There is general agreement that artificial intelligence (AI), data science and analytics have potential to change the world. AI is transforming our society already, and although I see tremendous potential in AI there are pitfalls and important ethical implications that needs to be considered. Science and ethics: Shades of grey
