MBA GSBA / SUNY former SOX Process Manager, Lead Auditor QMS certification, CIA, CISA
1. Transparency Explainable AI provides transparency into how decisions are made by algorithms. When users understand the rationale behind an AI system’s output, it demystifies the process and helps build confidence in its results. Transparency allows stakeholders to see the inner workings of AI models, making it easier to
[ AI = f(Comprehensive Financial Data, Advanced Machine Learning Algorithms) + Identification of Undervalued Assets, Market Trends Analysis - Risk Assessment and Mitigation Strategies ] Data: The comprehensive financial data utilized in the AI wealth management project includes historical market performance, individual investment preferences, risk tolerance levels, macroeconomic indicators, real-time market updates and
Opportunities & risks associated with AI projects arise from the project's process context and its impact on stakeholders. 1. Process Context * Data Quality and Availability: The process context, including data sources, preprocessing methods, feature engineering and model selection, significantly impacts the quality and performance of AI algorithms. * Algorithm
A cobot or collaborative robot, also known as a companion robot, is a robot intended for direct human-robot interaction within a shared space or where humans and robots are in close proximity. My design thinking example is about a cobot assisting in the real-time visual inspection in manufacturing done for
SIPOC process mapping can play a crucial role in helping stakeholders identify conceivable risks of non-compliance of AI projects with the EU AI Act by providing a structured framework to analyze the process flow, dependencies and data handling practices. 1. Supplier Identification (S) * Risk Identification: Stakeholders can identify potential risks
What’s the relevance and value of data without process context ? Does data need process context to be relevant and of value to stakeholders ? Do risks depend on how processes are deployed ? Are process maps a prerequisite for any risk assessment of AI systems, product & services development & deployment
The ProcessHorizon web app for AllinOne data & process modeling in SIPOCe notation with instantly auto generated visual process maps as a catalyst for developers, customers and users as well as for organizations and companies. SIPOC data & process flow from source to destination: Supplier > Input > PROCESS >
A stakeholder value model is a framework used by organizations to consider the interests and contributions of all stakeholders involved in or affected by their operations. Implementing a stakeholder value model requires a shift in mindset from a purely profit-driven approach to a more holistic view of business success. Companies
The smart ProcessHorizon web app for Business Professionals & Subject Matter Experts & Domain Experts ProcessHorizon is the smart app for AllinOne process- & data modeling in stakeholder oriented SIPOC notation with auto visual process mapping in support of quality & risk management & compliance as well as governance of
A bank's multi-stakeholder dilemma must be addressed in business model design of how to balance money supply and demand in the best interest of lenders and borrowers as well as of other stakeholders. Based on three examples I will demonstrate the stakeholder dilemma in total value creation vs.
The integration of the ESG model, i.e. enviromental, social and governancecriteria into a company's business model and process model can be a differentiator for example in the electric car marketaddressing the expectations of environmentally conscious prospective buyers. MP1 Environmental processes PR1 Manufacture vehicle parts using sustainable materials
Energy literacy refers to the understanding and knowledge that individuals possess about energy-related concepts, sources, uses, and impacts. 1. Basic Energy Concepts: Energy literacy involves understanding fundamental concepts such as energy forms (e.g. kinetic, potential, thermal), energy sources (e.g. fossil fuels, renewable energy), energy units (e.g. joules,