ever-present considerations in all the many projects I developed in Europe. Nowadays the definitions of such important constraints may be difficult to produce for some locally developed initiatives. I have had a series of innovative successes that delivered major benefits in Australia when I realised that the requisite Governance and Cost / Benefit procedures were not being followed as rigorously as they may have been in Europe. Gadgets can never replace Due Diligence and it is important that the few Laws of IT Development and Implementation are always followed. My next major breakthrough was when my submission to the Basel Committee was accepted just after Brisbane’s ‘interesting’ G20 meeting. The fine Basel-people registered me to attend the but I decided that costs were ‘on spot’ perhaps a bit too high so I sent my ideas to a few major financial institutions in Australia instead. I wrote to them again in 2018 after analysing the opinions of international AI-experts and providers, offering to build a soft-AI tool to assist them in evaluating the new products that are constantly appearing on the market websites. There is always a trade-off between to and an approach. ‘Speed Market’ urgency ‘Analysis Paralysis’ Some European countries may have focused more on a due diligence approach in recent years and this may be the best way to get quality products Customers want into the market place quickly and at an affordable price. By contrast, a recent public statement by a senior finance person stated that some recently developed computer systems and my quality controls may confirm that “are horrible” there could be some validity in this statement. Products: A soft-AI product could assist to ensure that due diligence is done for all major development-jobs. Without due diligence, the expected Cost to Benefit ratio could be exceedingly small for some international products. Expected costs are small compared to the projected benefits.
ever-present considerations in all the many projects I developed in Europe. Nowadays the definitions of such important constraints may be difficult to produce for some locally developed initiatives. I have had a series of innovative successes that delivered major benefits in Australia when I realised that the requisite Governance and Cost / Benefit procedures were not being followed as rigorously as they may have been in Europe. Gadgets can never replace Due Diligence and it is important that the few Laws of IT Development and Implementation are always followed. My next major breakthrough was when my submission to the Basel Committee was accepted just after Brisbane’s ‘interesting’ G20 meeting. The fine Basel-people registered me to attend ‘on the spot’ but I decided that costs were perhaps a bit too high so I sent my ideas to a few major financial institutions in Australia instead. I wrote to them again in 2018 after analysing the opinions of international AI-experts and providers, offering to build a soft-AI tool to assist them in evaluating the new products that are constantly appearing on the market websites. There is always a trade-off between ‘Speed to Market’ urgency and an ‘Analysis Paralysis’ approach. Some European countries may have focused more on a due diligence approach in recent years and this may be the best way to get quality products Customers want into the market place quickly and at an affordable price. By contrast, a recent public statement by a senior finance person stated that some recently developed computer systems “are horrible” and my quality controls may confirm that there could be some validity in this statement. Products: A soft-AI product could assist to ensure that due diligence is done for all major development-jobs. Without due diligence, the expected Cost to Benefit ratio could be exceedingly small for some international products. Expected costs are small compared to the projected benefits.