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Analytical Versus Numerical Solutions

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Leading from Under the Sword of Damocles
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Abstract

In this chapter:

  • Comparing the hype of big data analytics versus the reality

  • Why the predictions of most analytics technologies are only valid for a short time

  • Importance of taking an analytical approach to risk management

If we knew exactly the laws of nature and the situation of the universe at the initial moment, we could predict exactly the situation of the same universe at a succeeding moment.

—Henri Poincare, French mathematician and father of the theory of chaos

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Notes

  1. 1.

    Abu el Ata, Nabil and Rudolf Schmandt. Email. 2017.

  2. 2.

    Laplace, Poincare, Abu El Ata, and Chapront.

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Correspondence to Nabil Abu el Ata .

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Abu el Ata, N., Drucbert, A. (2017). Analytical Versus Numerical Solutions. In: Leading from Under the Sword of Damocles. Springer Vieweg, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-56300-7_8

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  • DOI: https://doi.org/10.1007/978-3-662-56300-7_8

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  • Publisher Name: Springer Vieweg, Berlin, Heidelberg

  • Print ISBN: 978-3-662-56299-4

  • Online ISBN: 978-3-662-56300-7

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