Are You Ready?

You've a great new idea, a project worth funding…something that can't be rejected?  Would you believe me, that this is not enough? To get the attention, your belief, even your proof, isn't sufficient?

You've made something that matters…but you need to reach those, who care.

A new power gains its force from people's growing desire and capacity to participate in an innovation beyond consuming…by sharing, shaping, funding, co-owning…Knowing your (real) options will help you earning the attention and trust you need…from people who need your innovation, but even more important you.

I've now spent half a year to build The Innovation Mesh now at version 2.1. And I spent days to understand the interdependence of macro and micro Wants and Needs…building the spin and the spinal cord of your innovation…

I'm helping quant innovators optimize their market risk…accelerate time to market…and the impact you're making in your markets.

Are you ready for a challenge? Here are my coordinates. Send me an e.mail…we'll find out quickly whether it's worth continuing...

The Quant Innovation Mesh 2.1

Hopefully further improved by simplification.

In this macro view at a quant innovation I've reviewed the objects of desire, external and internal type and value issues and came to the conclusion: it's all about Big Wants and Needs. I want to point out that wants are conscious, giving you freedom, and needs are unconscious, with the little danger of binding you a little too much.

However, wants and needs build the spine of your innovation. Needs are loud. And some wants become needs when previous needs are met. There are macro and micro wants and needs…on the micro level the needs are the spinal cord the fundamental requirements and technological foundations in  quant innovations.

For UnRisk Capital Manager

The Type - Realistic, Real-Time, Documentary, MultiFlow, Financial Risk Management, Market Risk, Open Valuation and Data Management Factory

Big Wants - Arming David, conserving capital, setting the stage for successful risk management, leveraging technology, building quant finance skills

Needs - Fundamental quant work and automated risk them expose Risky Horrors and manage them

Point of View Fund management 

Obligatory tasks Manage risk in a regulation and business framework  1. Model validation and robust model calibration 2. Portfolio across market behavior simulation 3. VaR calculations, Tail risk analysis…4. Portfolio re-engineering and -construction…5. Contribution to enterprise risk management 

Preprocessing constructors users, instruments, models, methods, market data, valuation regimes
Preprocessing progressive problems Model, method and calibration risk (technological risk) may add toxicity to instruments and become horrible in interplay
Preprocessing solutions Change valuation regimes as result of model-method scenarios

Processing constructors portfolios, scenarios, simulations…simulation regimes 
Processing progressive problems risk analytics methodologies selection  massive valuation and data management requirements...A portfolio shows unexpected riskiness with respect to certain market behavior, but it's difficult to quantify the influence of instruments, risk factors, observed periods, correlations…     
Processing solutions Comprehensive tests checking such influences…and help re-engineering the portfolio

Postprocessing constructors further, more global risk insight and reporting framework, like for cross business units, market segments or territory analytics
Postprocessing progressive problems Further analytics needs additional data sets and consequently algorithmic treatment...Additional data may be uninformative related to the desired objectives and attribute more to noise than dependencies...     
Postprocessing solutions Data driven techniques or dynamic visualization to curate these data sets

Conventions Valuation and data management are twins. It's built multi-model and multi-method. It's a high performance system. It comes with a web front-end. It comes with the UnRisk development system.

Core Technologies needed - UnRisk CM is built of the UnRisk Technology Stack that needs the Wolfram Technology Stack. UnRisk Financial language is an extension of the Wolfram Language implemented in UnRisk Engines (atop Wolfram Engines) 

UnRisk CM is built as integration of the following technologies: UnRisk FACTORY a web based risk management platform, the Value at Risk Universe and UnRisk-Q the programming power behind UnRisk. Its used by capital management firms, asset management groups of insurances

They all enjoy its automated task processing, extendability, transparency, robustnessintuitive useThat it's ultrafast is seen as requirement. And they are pleased about the level of interactions and their indispensable role in smart decision making…  

Are You Thirsty?

I took 2 1/2 weeks off and went to Finland (SF)…seeking rest. We were in two regions in two different environments: Eveline has posted impressions in her food blog "K├╝chentanz" here, here, here and here.

We didn't much more than hiking, swimming, reading, wine and dine (we drove about 700 km and walked about 120 km)…in the rest it came to my mind that I could simplify The Innovation Mesh even more - emphasizing on wants and under which conditions they become needs (with the danger of dependence). More about this in future posts.

Our last evening in SF, we spent in Helsinki...having dinner at the Ravintola OlO…and, surprise, enjoyed the best meal we ever had…a memorable journey of twenty dishes. And we've had great meals at Le Calandre, Padua, Gordon Ramsay, Chelsea, Pierre Gagnaire, Paris, El Cellar de Can Roca, Girona and more Michelin 3 star eateries before.

OlO, IMO, meets what I understand as UnCooking…getting a bigger picture of cooking. Find the "right" route at the pleasure/nutrition map. Their cuisine doesn't need a kitchen lab, but cooking excellence and "taste precision". They extend "nose to tail" for meat to "fruit to stalk" vegetable cooking. They do not put much meat or fish at your plates and not so few ingredients stay raw, but they use constructors embedding them perfectly into cremes, light sauces…even wrappers.

The first reference of this type of Scandinavian cooking has been given by Rene Redzipi's Noma, Copenhagenbut this looked more theatrically directed, IMO.

OlO people (the team is professional, but relaxed in the best sense) seem to be thirsty enough. They don't need "badges". Thirsty enough to learn and do the work. It's amazing.

They've only received one Micheline star yet. Why? Firstly, Micheline represents the "tyranny" of a French style cuisine (leading to a provenance paradox) and secondly they hesitate to kill the idol of tradition…

OlO ist a metaphor for innovation, a reference of doing today, what we want tomorrow...instead of doing the things of yesterday better today. To do that you need enough thirst. It doesn't matter, whether you are a chef, a designer, a programmer…thirst is about learning, but you can't learn it. If your intent is to  make things that matter for those who care…you're thirty enough.

Edit: in German we use the word Wissensdurst (thirst for knowledge)

And here some photos of the meal at OlO.