by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Faces are complex. Recognizing a face is a very difficult task for a computer – much more difficult than recognizing your retina. Faces convey a ton of information. They convey emotions. They also convey understanding or lack of understanding. Faces are complex (not complicated) and thus are not easily codified. That is why a computer cannot easily deal with them.
Scientific studies have shown that we pay up to 8 times more attention to faces than to objects. I think that is interesting in a world where faceless social media is so prevalent.
Now, here is a question – do risk managers pay more attention to faces or to data? Ha! There is not a single risk management Master’s program anywhere that talks about the importance of faces (or the importance of people for that matter). A long time ago in this blog series, I blogged about risk management by walking around (RMBWA). We need more risk managers to manage by reading and understanding faces. Let the computers take care of the data – let the humans take care of the humans.
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