Between Data And Risk

Artur and Marian discuss the principles of Design Thinking, and disagree, almost constructively, about the formulation of the methodology, its usefulness, and its applications. Find out why understanding a problem is necessary to find a solution (duh!), and why repeating that obvious statement is still necessary. Learn the 5 stages of design thinking: Empathize, Observe/Define, Ideate, Prototype, and Test. Find out why Artur likes them, and why Marian thinks they may create more problems than they solve. This is not another video preaching about DT. It’s an honest and unscripted (as always) discussion, trying to dissect the pros and cons, with practical applications in mind. We also ask listeners to finish the joke “A process guy, a data guy, and a risk guy go into a bar…” To find out more about Design Thinking, we recommend Dawan Stanford ‘s podcast, the aptly named Design Thinking 101, on Apple Podcasts, especially Episode 32, the introduction to Design Thinking. https://podcasts.apple.com/us/podcast/design-thinking-101/id1376884817 https://podcasts.apple.com/us/podcast/a-short-introduction-to-design-thinking-with/id1376884817?i=1000451883583 For a slightly different perspective on Design Thinking, we recommend Dan Ryder’s book “Intention – critical creativity in the classrom” - http://www.danryder207.com/ This podcast is also available on https://bdr.show and your favorite podcast platforms. If you'd like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc. Enjoy!.

Featuring, as a guest, Dr. Tushar Hazra, former NASA researcher, entrepreneur, serial CTO, consultant, with whom we discuss building enterprise architectures, listening to clients, and the responsibilities of a consultant. Find out what CEOs should do if they wake up one day and decide to build an enterprise architecture, how these architectures can be modeled and developed in cooperation with the client, and information should be disseminated within an organization. Also find out how mathematicians solve the problem of a house that is NOT burning, why doctors enter the surgery through a different door than the patients, and how enterprise architecture can hide under the umbrella of strategy, innovation, and leadership. To read more about enterprise architecture, we recommend “What’s Your Baseline?” (https://www.whatsyourbaseline.com/) – ROLAND WOLDT discusses Business Transformations that are guided by Enterprise Architecture / Business Process Management. Also, check out Real World Enterprise Architecture (https://www.realworldea.com/) by Reggie Cole, where he presents his insights into the practice of enterprise architecture in the real world. If you’d like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc Enjoy!

Business governance federation provides an effective framework for delivering a balanced implementation of resilience programs. The provided guidelines form a starting point for transforming traditional governance paradigms into a more adaptable model capable of delivering superior resilience outcomes. Artur and Marian discuss the concept of business governance federation, and how it can be used to decentralize decision-making in an organization and remove or reduce silos, while maintaining expertise where it is applied best and maintaining organizational integrity and unity of vision. Please read the details in this article: https://cognition.llc/federated-business-governance/. For interesting insights on optimizing and transforming businesses, listen to The 1 Thing podcast: https://the1thing.com/podcast/. To explore a similar topic in the specific context of HR, check out Josh Bersin‘s presentation on Federated Model Governance Networks: https://www.slideshare.net/jbersin/hihr-asia-13/27-Federated_Model_of_Governance_Networks. Finally, for a slightly different view on whether data governance can be federated, read this article in The Data Administration Newsletter published by Robert S. Seiner: https://tdan.com/can-you-federate-data-governance/21009. If you’d like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc

Featuring, as a guest, Dr. Nick Swane, President of the North Idaho College. We discuss what data and risk-related challenges are present in the context of running a higher education institution and motivating students. We discuss how colleges attract students and how metric design can lead to a difference in perception of the offering between different types of colleges, and how to break analysis paralysis by giving people permission to fail. It may also surprise you that students who can troubleshoot are sought by businesses, that there may be more than one correct answer in real life, and that very motivated students can attempt anything, like committing to building an autonomous vehicle before the end of the semester. If you'd like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc Enjoy!

Artur and Marian dissect the first published peer-reviewed Covid-19 global spread model (authored by Marian et al. back in March 2020) as an example of how different factors affect the approach to data analysis and drawing conclusions. On the way, they discuss if it's possible to open more emails than you receive, if pregnancy tests can be used as Covid-19 tests, and what mindset is required for an objective approach to analysis results. They discuss some controversial practices from several industries as examples of data manipulation (conscious or not) and how to avoid the most obvious pitfalls to achieve meaningful and practical results. To read more about the Covid-19 global spread model by Marian Siwiak, Malena Siwiak, and Pawel Szczesny, you can find it here: https://pubmed.ncbi.nlm.nih.gov/32728498/. For some outstanding stories of people who really listen to the data, head to "Who's your data?" (https://www.whosyourdata.org/), where the host, Gilad Barash, interviews some excellent guests with interesting data stories to tell. And if you want to know how to tell a story with your data yourself so others will listen and understand, we sincerely recommend the podcast "Storytelling with data" (https://www.storytellingwithdata.com/). The audio version of this episode is available on www.bdr.show and on most podcast platforms. If you'd like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc Enjoy!

Artur and Marian discuss what mindset is required to survive paradigm shifts in the market and in businesses, and how to think broadly about resilience, based on personal lessons learned from the 2008 financial crisis and the 2010 Flash Crash. On the way, they ponder whether the future will be anything like the past, what overfitting means exactly, how to be approximately right rather than precisely wrong, whether your clients might be abducted by aliens, and how reading papers might give you a clue to uncertainty. To read more about the Economic Policy Uncertainty Index, visit https://www.policyuncertainty.com. Podcasts referenced in this episode: Paradigm Shift, with Ashish Kundra and Zane Salim https://www.buzzsprout.com/1753569 Worst investment Ever, with Andrew Stotz, https://myworstinvestmentever.com If you'd like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc Enjoy!

Artur and Marian discuss the concepts behind transverse risks including ESG, reputational risk, and others. Learn how the G(overnance) connects to the E(nvironment) and S(ociety), whether reputational risk can be modeled, and how discussing certain risks can shape the mindset of your company. Also find out how following the letter of regulations may differ from following the spirit, what Artur would do as a CEO, and how handing the problem to someone else is not the solution (and is definitely not our motto.) For more info on how corporate purpose, vision, and values guide behaviors, actions, and mindsets, and how they drive ESG strategies and decisions, check out Sustainable Minds: Exploring ESG and Corporate Brand: https://podcasts.bcast.fm/sustainable-minds-exploring-esg-corporate-brand If you’d like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc Enjoy!

Featuring, as a guest, Ambrose Wong, COO of Serai, an innovative startup created in Hong Kong under the auspices of HSBC. Serai was originally launched in 2019 as part of HSBC's multi-billion-dollar technology investment plan. Originally conceived as a platform where buyers and sellers come together to facilitate business-to-business (B2B) transactions via trusted networks. As the COVID-19 crisis affected the markets, Serai adjusted its focus to the garment industry, to provide the sector with real-time data and end-to-end supply chain transparency. Additionally, it partnered with Coface, a trade credit insurer, to integrate risk management tools into its solution. Even though Serai boasted the kind of backing and resources that few trade startups could ever dream of, by June 2022 it announced that it would be shutting down, informing visitors to its website: “We regret to inform you that Serai will be winding down all operations. Despite a huge amount of progress made by the team, it has proven difficult to build a commercially viable business. As a result, we’ve made the difficult decision to close our doors.” Learn the details about Serai's rise and fall. Listen to Ambrose Wong discuss the advantages of being backed by one of the world's leading banks, the drawbacks that came with it, the risks that materialized, and the brilliant team that brought Serai so close to realizing their goal. If you'd like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc Enjoy!

Artur and Marian constructively disagree on the role of the ego in business processes, and discuss the fundamental problem of whether the ego can be made into a constructive force in a company. Learn why fancy job titles may pose a risk in organizations, how leadership connects to vision and accepting feedback, and decide for yourself if egoless management is a valid approach. Also find out what Marian thinks of programmers, what the Emperor of Bitland is accountable for, and how using a different tool in a workshop in China can have serious repercussions for door hinges overseas.

Introduction to the Podcast, hosted by Artur Guja, Chief Risk and Strategy Officer of Cognition Shared Solutions, and your friendly neighborhood data guy, Dr. Marian Siwiak. In this introductory episode, we present our credentials and explain the ideas that led to this podcast. Don’t miss the upcoming release of the first three episodes of “Between Data and Risk”, and subsequent weekly episodes, with through-provoking ideas and expert guests. Keep up to date and follow the discussions by subscribing on your favorite podcast platform or by visiting www.bdr.show.

This #podcast is a practical look at business processes, #data, and #risk. It is hosted by two world class #experts on #datascience and #riskmanagement, who discuss real-life examples of #business operations or #interview thought leaders from top companies and academia. Subscribe today to learn what works and what doesn't in the world of business operations! About hosts: Artur Guja, Chief Risk and Strategy Officer in Cognition Shared Solutions LLC IT person by training and at heart, ex-trader in equity markets, actively managed risk through 2008 (ended with a positive account), ex-CRO in one of the Tier-1 banks. Dr Marian Siwiak, Chief Data Science Officer in Cognition Shared Solutions LLC Data guy with scientific and industrial experience. Ex-Science Director in the research institute, ex-data scientist in Fortune 500 companies, author of the 1st peer-reviewed model of COVID-19 global spread, co-author of “Data Mesh in Action” (Manning), the 1st book on the implementation of the data mesh paradigm. Subscribe to our Youtube channel. Visit our website www.bdr.show to subscribe to our podcast on a platform of your choice.

Featuring, as a guest, Yuchen Chan, investor and entrepreneur, founder of Redpoint Holdings LLC. Artur and Marian find out what investors look for in the ideas pitched to them and in the teams that do the pitching, and how investors can help their investments grow by advising the founders (and if it works in practice). Learn why it's crucial to find the right investor for your idea, how to ensure you present yourself as credible, how to best use the face time you have with potential investors, and what red flags to avoid. Also, find out the differences between European and American entrepreneurs, how dog toys can be a great business idea, and who is the rightful owner of Yuchen's desk. If you'd like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc Enjoy!