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,
Quality is vital for AI model development as well as for deployment of AI products and services in a process context. AI model development depends on data quality whereas AI systems deployment is dependent on process design & process quality. AI model development and AI product and services deployment must
To anyone interested in banking management and governance, risk & compliance (GRC) from a stakeholder point of view, I herewith provide a list of my ProcessHorizon blog posts from March 2023 until May 2024. Real-time monitoring of transactional data for AI-driven banks https://blog.processhorizon.com/ghost/#/editor/post/663dddd038c9865bc20e7063
Financial engineering is a multidisciplinary field that applies mathematical, statistical and computational techniques to solve problems in finance. It involves designing and implementing innovative financial instruments, strategies, and processes to achieve specific financial goals, such as managing risk, optimizing investment portfolios and enhancing returns. 1. Risk Management: Developing methods to
A personal cash flow statement provides an overview of the cash inflows and outflows over a specific period, usually monthly or annually. It helps individuals understand how much cash is being generated and where it is being spent, aiding in budgeting and financial planning. Cash Inflows 1. Salary and Wages