Aloysius Chan's Blog

  BOOST 4.0 five domains Networked commissioning and engineering Cognitive production planning Autonomous production automation Collaborative manufacturing networks Full equipment and product availability Simplifying and Accelerating Data Pipelines in Digital Finance and Insurance Applications Architectural Patterns for Data Pipelines in Digital Finance and Insurance Applications Semantic Interoperability Framework for Digital Finance Applications Physical/technical interoperability: It is concerned with the physical connection of hardware and software platforms. Syntactical interoperability: It is concerned with data format, i.e., it relates on how the data are structured. Semantic interoperability: It is concerned with the meaningful interaction between systems, devices, components, and/or applications. Organizational interoperability: It is concerned with the way organizations share data and information Methologies Methontology Specification Conceptualisation Formalization Integ...

  It is inevitable that the metaverse will become a significant part of our lives, and for some, it may even be the main area of activity. From many sci-fi movies and fiction books, there are various depictions of how far the metaverse could evolve. Just like any technology reaching a singularity point, the metaverse will eventually adopt its highest form, potentially replacing the real world. Speaking of the real world, there are theories and conspiracies suggesting that we are already living in a highly advanced metaverse, with convincing data to support this idea. Imagine quarks as the building blocks acting as energised computation units—everything formed reduces to quarks. However, the more we observe the quantum state, the more unstable it becomes. While these discussions are fascinating, let's return to our main topic. Reaching the ultimate form of the metaverse will be a progressive journey, not an overnight achievement. A series of milestones must be completed before the n...

Using Systems Thinking to Illustrate Digital Business Model Innovation Distinctions, Systems, Relationships, and Perspectives (DSRP) framework by Cabrera  Causal Loop Diagram (CLD) Soft System Methodology (SSM)  Multisided Platforms: Classification and Analysis To show how to extend the Bass equation to MSPs with both same-side and cross-side network effects.  To classify two-sided platforms according to same-side and cross-side network effects, and to develop a generic set of first-order differential equations for each class.  To show mathematically that the initial growth of the platform may depend on the type of network effects in such a way that the market segments offered by the platform will not start growing unless there are some initial customers. This is often referred to as the “chicken and egg problem”. The strategic challenges are then (i) to identify whether this is the case for the platform and (ii) to determine how to persuade sufficient numbers of cus...

The upcoming Bitcoin halving is poised to reshape the cryptocurrency landscape, with enthusiasts eagerly anticipating its impact. In this article, we delve into the intricate relationship between artificial intelligence (AI) and Bitcoin halving, exploring how these two realms intersect and potentially influence each other. Predicting the Market with AI With advancements in hardware availability and computational capabilities, AI algorithms are poised to revolutionise market prediction by analysing vast troves of financial data. By delving into intricate time series data, AI models can unearth subtle patterns and correlations, offering a deeper insight into Bitcoin's market dynamics. AI transcends conventional analysis by generating nuanced correlations and cross-relational data points, enriching our understanding of Bitcoin's price movements. By leveraging sophisticated algorithms, AI can identify subtle interconnections between diverse market variables, providing a comprehensi...

Artificial intelligence-enabled adaptive learning systems (AI-ALS) Intelligent tutoring systems (ITS) Bayesian Knowledge Tracing (BKT) Vicarious trial and error (VTE) Null hypothesis significance testing (NHST) Probabilistic structural equation modeling (PSEM) Artificial General Intelligence (AGI) Intelligence amplification—AI can improve its own intelligence Strategy—optimizing chances of achieving goals using advanced techniques, e.g., game theory, cognitive psychology, and simulation Social manipulation—psychological and social modeling e.g., for persuasion Hacking—exploiting security flaws to appropriate resources R&D—create more powerful technology, e.g., to achieve ubiquitous surveillance and military dominance Economic productivity—generate vast wealth to acquire resources Safety on AGI Non-hackability and non-censurability via decentralization (storage in multiple distributed servers), encryption in standardized blocks, and irrevocable transaction linkage (the “chain”) Node...

  Future of Leaders Latest neuroscience research to integrate mindfulness strategy to enhance performance and resilience. Evaluate engagement and behaviour change strategies in one personal and professional lives. Be aware of methods of manipulation, it is important for responsible leaders to remain ethical and use their talent for good. Transition towards flat organic network organisations based on 'connected autonomy' providing new and gigantic opportunities to improve our ability to scale. High performance and outstanding leadership by nurturing lifelong performance and resilience. Protecting one main asset: oneself. Future of governments, politics and democracy Do-It-Yourself (DIY) Democracy, characterized by decentralization of power and self-organized communities. Private Algocracy, large digital organizations enforce their power over citizens  and governments. Super Collaborative Government, high level of collaboration andco-creation  between citizens, governments ...

In the realm of digital innovation, the concept of the Metaverse has transcended its original boundaries, evolving beyond the confines of the third dimension. It now stands poised to break through the barriers of time and space, offering glimpses into a realm that goes beyond conventional reason and logic. As we delve deeper into this virtual landscape, we find ourselves at the forefront of a new era defined by the convergence of technology and artificial intelligence generated content (AIGC). At the forefront of this technological revolution lie phenomena such as Non-Fungible Tokens (NFTs), AI language models, and AI-generated art. These innovations represent merely the tip of the iceberg, signalling the vast potential that awaits as technology continues to converge and reshape our understanding of advanced digital realms. The convergence of technology is not limited to automating our digital tasks; it extends far beyond, encompassing physicality and even biotechnology. This amalgamat...

  The culture of Wall Street in the 1980s, characterized by excess, greed, and corruption. Insider trading scandals, including Ivan Boesky, Michael Milken, Dennis Levine, and Martin Siegel. Insider trading, stock manipulation, and corporate raiding that were rampant during this period. Investigations by regulatory agencies such as the SEC and the Justice Department to uncover and prosecute these crimes. Criminal charges, fines, and prison sentences. Scandals on Wall Street, regulation, and public perception of the financial industry.

Survivorship bias means this: people systematically overestimate their chances of success. Guard against it by frequently visiting the graves of once-promising projects, investments and careers. It is a sad walk, but one that should clear your mind. Be wary when you are encouraged to strive for certain things – be it abs of steel, immaculate looks, a higher income, a long life, a particular demeanour or happiness. You might fall prey to the swimmer’s body illusion. Before you decide to take the plunge, look in the mirror – and be honest about what you see. When it comes to pattern recognition, we are oversensitive. Regain your scepticism. If you think you have discovered a pattern, first consider it pure chance. If it seems too good to be true, find a mathematician and have the data tested statistically. And if the crispy parts of your pancake start to look a lot like Jesus’ face, ask yourself: if he really wants to reveal himself, why doesn’t he do it in Times Square or on CNN? Be sce...