By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc. The British mathematician, World War II code breaker, and one of the
Grandfathers of the computer developed the Turing Test. In the Turing Test,
a person stands before two curtains. Behind one curtain is a computer.
Behind the second curtain is another human. The Turing Test is whether the
human in front of the curtains can tell which curtain the computer is behind. Risk departments for a variety of reasons are becoming more and more
computerized as more and more risk analytics are deemed necessary. However
is your analytics heavy risk management system smart enough to pass for a
human? Is your risk management analytics setup smart enough that you only
need humans solely to feed it data? Is your Board hoping that the risk
management "brain" of the company passes a Turing Test? Or is no one
thinking of asking this question? (What are the implications of not asking
this question?)
Partner, RSD Solutions Inc. The British mathematician, World War II code breaker, and one of the
Grandfathers of the computer developed the Turing Test. In the Turing Test,
a person stands before two curtains. Behind one curtain is a computer.
Behind the second curtain is another human. The Turing Test is whether the
human in front of the curtains can tell which curtain the computer is behind. Risk departments for a variety of reasons are becoming more and more
computerized as more and more risk analytics are deemed necessary. However
is your analytics heavy risk management system smart enough to pass for a
human? Is your risk management analytics setup smart enough that you only
need humans solely to feed it data? Is your Board hoping that the risk
management "brain" of the company passes a Turing Test? Or is no one
thinking of asking this question? (What are the implications of not asking
this question?)
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