Nomisma and Ontonix Organize Event on Complexity and Critical Infrastructures and Networks

Como, 1-st November, 2017. Nomisma, a company that carries out economic research for businesses and public administrations at national and international level, and Ontonix, the first company to develop technology and methodologies for Quantitative Complexity Management, organize jointly an event dedicated to complexity and critical infrastructures and networks.

The event shall be held in Bologna at Nomisma headquarters, Palazzo Davila Bargellini, on November 23-rd, 2017. Dr. Francesco Antonioli from il Sole 24 Ore will moderate the event with speakers from IBM, CISCO, Banca Popolare di Sondrio, Universita' di Roma La Sapienza, Ministry of Economic Development, Euro IB Investment Bank, Nomisma and Ontonix.

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"Critical infrastructures are large, interconnected and complex networks of networks, on which depends the functioning of a modern state. Their hallmark is high complexity", said Dr. J. Marczyk, the founder and President of Ontonix. "However, this complexity has never actually been measured. We know these systems are complex but we don't know how complex that is. Today, with our technology, we are able to measure the complexity of very large-scale systems, including millions of variables.  The reason why it is important to measure and monitor the complexity of critical infrastructures is due to one fundamental fact: excessive complexity is a formidable source of fragility. Fragile systems are vulnerable which, in turn, implies increased exposure" he added. "Our dependence on energy, IT, telecommunication networks, or the intenet, increases quickly and on a daily basis. Real-time monitoring of their complexity  provides, in addition to a measure of their resilience, an efficient early-warning capability, pinpointing concentrations of fragility and anticipating potential systemic collapses before they arise. The old 'Too Big To Fail' paradigm is giving way to a new one: 'Too Complex To Survive'" said Mr. D. Noventa, VP at Ontonix and promoter of the event.

About Nomisma

Nomisma, economic research company, was founded in Bologna in 1981 as a limited company, upon the initiative of Nerio Nesi and Francesco Bignardi, then president and general manager of BNL. The two founders gained the support of the major Italian banks and several international banks and entrusted the coordination of the research to Romano Prodi, then Professor of Economics and Industrial Policy at the University of Bologna.

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Jacek Marczyk

Visionary, scientist, businessman and writer with over 35 years of experience in QUANTITATIVE large-scale Uncertainty and Complexity Management in diverse fields (manufacturing, finance, economics).

Author of nine books on simulation, uncertainty and complexity management, rating.

Developed in mid 90s the theory of eigenvalue orbits, a generalization of the concept of eigenvalue.

In 2000-2005 has developed the first Quantitative Complexity Theory (QCT), including a comprehensive measure of complexity.

Founded Ontonix Complexity Management in 2005 in the USA and launched in 2006 the first commercial system for MEASURING and managing complexity: OntoSpace.

In 2007 launched first on-line Resilience Rating for businesses, an objective and transparent rating system:

In 2009 delivered real-time technology to measure the complexity and stability of patients during operation or permanence in Intensive Care Units.

Developed a new theory of risk and rating published in 2009 in a book entitled "A New Theory of Risk and Rating".

Over last decade develops quantitative complexity management (QCM) technology and solutions for applications in economics, finance, Risk Rating and Management as well as in Asset Management and medicine. In the past five years works towards the democratization of ratings.

In 2013 he founded London-based Assetdyne, focusing on design of complexity-based high-performance portfolios and complexity-based asset allocation and asset management.

He is currently focusing on creating a new Rating Agency and a fund which will be managed via complexity technology (QCT).