New Book from URM Founders

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Explains How Businesses Use Risk Management Breakthroughs to Outperform Competitors, Achieve Higher Profits and Sustain Growth

“Leading from Under the Sword of Damocles: A Business Leader’s Practical Guide to Using Predictive Emulation to Manage Risk and Maintain Profitability” is now available at online booksellers

Dr. Nabil Abu el Ata, URM founder, business technologist and author, has just released his latest book, Leading from Under the Sword of Damocles: A Business Leader’s Practical Guide to Using Predictive Emulation to Manage Risk and Maintain Profitability. Dr. Abu el Ata jointly authored the book with Annie Drucbert, URM co-founder and technology strategist, to explain how businesses are using universal risk management (URM) breakthroughs to outperform competitors, achieve higher profits and sustain growth.

Globalization trends and the rapid pace of technological innovations have introduced unprecedented change and uncertainty. To thrive under these conditions, companies must adopt new risk management practices and technologies to better anticipate and adjust to risks caused by the hyper connectivity of our modern world.

Leading from Under the Sword of Damocles helps readers understand how new algorithm-based predictive and prescriptive analytics technologies are being used to control risk and maximize opportunities in today’s dynamic business environment.

Case studies show how the presented URM methods have been practically applied to preemptively expose risks and support decisions to optimize, transform or disrupt current business models, strategies, organizational structure and information technology (IT) systems when necessary to maintain a market position or outperform competitors.

“For those that want to forge a clearer and more scientific path forward,” Charlie Fote, CEO, Fotec Group, former CEO, First Data Corporation, says, “Leading from Under the Sword of Damocles provides a practical guide that shows business leaders and risk management practitioners how mathematical emulation can be used to understand the modern impacts of hyper connectivity and hyper risk, as well as clearly identify when and which opportunistic actions should be taken to ensure the continuous efficiency and cost effectiveness of business operations.”

Leading from Under the Sword of Damocles  is 233 pages, published by Springer, and available in both print and e-book through online book sellers including Amazon.com and Springer.

To learn more about the practice of universal risk management and the technological breakthroughs that support improved business performance, visit: http://URMgrp.com.

About the Authors

Nabil Abu el Ata has invested over 20 years maturing the science of risk management and the practical application of predictive analytics technologies. In the late 1970s Dr. Abu el Ata’s mathematical discoveries provided accurate coordinates for space exploration. By solving a problem that was previously defined as unsolvable, Dr. Abu el Ata set the foundation for a new era of risk management, which today enables companies worldwide to more accurately predict future system behaviors and take strategic actions to improve business outcomes.

Annie Drucbert is a co-founder of URM GROUP and a recognized authority in the predictive and prescriptive analysis of economic, financial and enterprise systems. Mrs. Drucbert’s specialties include modeling, emulation and performance management of complex database and corporate systems. Mrs. Drucbert holds 3 US patents and has delivered strategic, tactical and operational services using X-Act OBC Platform for many global clients.

 

 

URM Forum Launches to Solve Risk Management Problems of Fourth Industrial Revolution

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The URM Forum, which will serve a global community of experts and practitioners who are committed to developing a more scientific, cross domain approach to identifying and managing operational risks that increasingly threaten business performance due to the dynamic complexity of our modern world, launched today.

Current operational risk management practices are placing businesses in jeopardy. As our world becomes more dynamically complex, the opportunity to take corrective actions is shrinking, while risks are rising. Traditional risk management practices and technologies can no longer provide leaders with the insights they need to navigate the uncertainty and exponential change being driven by the Fourth Industrial Revolution.

“CEOs and governmental leaders are facing a real dilemma today as risks are growing exponentially while most risk management methods provide no better insights than astrology,” said Charlie Fote, former CEO, First Data. “URM Forum provides the framework we need to work together in order to identify a more effective approach to risk management.”

URM Forum will support a collaborative global network of individual thought leaders who are committed to working across industry and government segments to identify new operational risk management solutions that are vendor neutral and non-competitive in nature. Founding members include executive and technology leaders from Accretive, IBM, Deutsche Bank, BNP Paribas, La Poste, Morgan Stanley, CLS Services and federal government.

“There can be no doubt that large and global businesses are in for some rough roads ahead if we cannot tame the complexity of risk challenges they now face,” said Nabil Abu el Ata, CEO, Accretive and Founder of URM GROUP. “By interacting and collaborating on a broad framework of shared objectives, URM Forum members will strive to deliver the best practices and technology frameworks that allow business and government stakeholders to make smarter decisions in times of uncertainty, maximize future opportunities and mitigate dynamic complexity related risks associated with the Fourth Industrial Revolution.”

URM Forum members must be invited and qualify based on their ability to contribute towards a meaningful solution, which is part of what makes this forum unique and our work impactful. Executive, technology, academia and governmental leaders interested in joining URM Forum are encouraged to apply at https://urmforum.org/urm-forum/join-urm-forum/.

 

 

New Book from Dr. Abu el Ata Offers A New Framework to Predict, Remediate and Monitor Risk

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“The Tyranny of Uncertainty” is now available for purchase on Amazon.com

Omaha, NE—May 18, 2016–Accretive Technologies, Inc. (Accretive) announces the release of a new book, “The Tyranny of Uncertainty.” Accretive Founder and CEO, Dr. Nabil Abu el Ata, jointly authored the book with Rudolf Schmandt, Head of EMEA and Retail production for Deutsche Bank and Postbank Systems board member, to expose how dynamic complexity creates business risks and present a practical solution.

The Tyranny of Uncertainty explains why traditional risk management methods can no longer prepare stakeholders to act at the right time to avoid or contain risks such as the Fukushima Daiichi Nuclear Disaster, the 2007-2008 Financial Crisis, or Obamacare’s Website Launch Failure. By applying scientific discoveries and mathematically advanced methods of predictive analytics, the book demonstrates how business and information technology decision makers have used the presented methods to reveal previously unknown risks and take action to optimally manage risk.

Further, the book explains the widening impact of dynamic complexity on business, government, healthcare, environmental and economic systems and forewarns readers that we will be entering an era chronic crisis if the appropriate steps are not taken to modernize risk management practices. The presented risk management problems and solutions are based upon Dr. Abu el Ata’s and Mr. Schmandt’s decades of practical experience, scientific research, and positive results achieved during early stage adoption of the presented innovations by hundreds of global organizations.

The book is available  to order on amazon.com at https://www.amazon.com/Tyranny-Uncertainty-Framework-Predict-Remediate/dp/3662491036/ref=sr_1_1.

The methodologies and innovations presented in this book by Dr. Abu El Ata and Mr. Schmandt are now in various stages of adoption with over 350 businesses worldwide and the results have been very positive. Businesses use the proposed innovations and methodologies to evaluate new business models, identify the root cause of risk, re-architect systems to meet business objectives, identify opportunities for millions of dollars of cost savings and much more.

About Accretive

Accretive Technologies, Inc. offers highly accurate predictive and prescriptive business analytic capabilities to help organizations thrive in the face of increasing pressures to innovate, contain costs and grow. By leveraging the power of Accretive’s smart analytics platform and advisory services, global leaders in financial, telecommunications, retail, entertainment, services and government markets gain the foresight they need to make smart transformation decisions and maximize the performance of organizations, processes and infrastructure. Founded in 2003 with headquarters in New York, NY and offices in Omaha, NE and Paris, France, Accretive is a privately owned company with over 350 customers worldwide. For more information, please visit http://www.acrtek.com.