Managing Micro Risks
Among trending topìcs from the current Predictive Analytics World conference is that risk managers must master micro risks, not just "headline risks".
James Taylor on the Predictive Analytics World conference: "Eric Siegel opened with a view of using predictive analytics in enterprise risk management. Eric began by giving some examples of 'macro' risk – single, catastrophic risk events. But his focus, and the focus of predictive analytics, is on 'micro' risk. These are risk decisions focused on a single customer, a single claim, a single loan. Examples include the risk of a customer becoming a loss by making a claim, leaving your customer base, failing to make payments on a loan. Only if these risks can be exposed, seen, can they be managed. ...Risk management (must) focus on aggregated micro risks not just headline risks."
It marks another milestone in SpaceX's long-standing effort to make spaceflight cheaper.
- SpaceX launched Falcon Heavy into space early Tuesday morning.
- A part of its nosecone – known as a fairing – descended back to Earth using special parachutes.
- A net-outfitted boat in the Atlantic Ocean successfully caught the reusable fairing, likely saving the company millions of dollars.
Controversial map names CEOs of 100 companies producing 71 percent of the world's greenhouse gas emissions.
- Just 100 companies produce 71 percent of the world's greenhouse gases.
- This map lists their names and locations, and their CEOs.
- The climate crisis may be too complex for these 100 people to solve, but naming and shaming them is a good start.
The world's richest people could breeze through a climate disaster – for a price.
- A new report from a United Nation expert warns that an over-reliance on the private sector to mitigate climate change could cause a "climate apartheid."
- The report criticizes several countries, including the U.S., for taking "short-sighted steps in the wrong direction."
- The world's poorest populations are most vulnerable to climate change even though they generally contribute the least to global emissions.
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