Blame game 2.0 and digital mannequins
Whatever you call it – asset deflation, asset re-pricing or credit crunch - caused the mass credit binge, in combination with dodgy software models used for self regulation of derivates markets and its accounting practices. The software models and underlying structured products were so complex that it took more than seven days of high speed computer power to produce just the quarterly accounts numbers. But no human could decipher the billions of number sets, the job, instead being left to digital mannequins. As the blame game 2.0 starts in earnest with a whole new set of theories and major re-branding of whole nations, like in United Soviets of America (US of A), we are re-publishing our story on ‘intelligent mechanized mannequins’, first published in 2006 but so relevant now, due to the new opportunities it presents.
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The term ‘robot’ was coined by the Czech writer Karel Capek in 1920; since then, robots have become a staple of science fiction literature (e.g. Isaac Asimov) and continues to cause confusion – over their utility and future application. Private equity investment had thus far steered clear of the technology, but that was all set to change as nifty youngish venture capitalists had started to target a specific niche: Digital Intelligent Mechanized Mannequins (DigIMMs).
In the new environments of mass redundancies at investment banks and the city (20 percent of the UK’s old economy) , the market for DigIMMs products and services has huge potential.
We wonder if investors will now start taking DigIMMs seriously?
[Editor’s note: please be aware that the original story on DigIMMs was created by The Chilli’s staff, as a 1st April 2006 spoof; but we thought it would be worth sharing this again now to reflect technology’s role in the midst of the world financial meltdown.]
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© Chilli Publishing Ltd 2008 |
25 OCT 2008 |
