Data-Centric Engineering for Coherent Risk Management

Date:

October 26, 2023

Author:

Hrvoje Stojic



Abstract

‘Data-Centric Engineering’ is a term used to reflect the new methods of collecting and analysing data that are now available to engineers. Combining sensing systems with scalable probabilistic (Bayesian) modelling can, in principle, facilitate transparent, replicable risk quantification. Decisions, such as whether to collect data or to mitigate risk, can then be optimised. However, the standards that direct engineering workflows are often not directly compatible with these approaches. In this talk I will argue that a paradigm shift away from ‘demonstrating safety’ and towards ‘quantifying reliability’ may be required for some industries to most effectively benefit from computational statistics and machine learning. I will provide examples from the field of structural integrity management of successes and challenges in the use of probabilistic (Bayesian) methods to support decision making under uncertainty.


Notes


  • Personal website can be found here .

Share on social media

Share on social media

Share on social media

Share on social media

Related Seminars

Leveraging replication in active learning

Mickael Binois - INRIA Sophia Antipolis - Méditerranée

Jun 24, 2024

Leveraging replication in active learning

Mickael Binois - INRIA Sophia Antipolis - Méditerranée

Jun 24, 2024

Leveraging replication in active learning

Mickael Binois - INRIA Sophia Antipolis - Méditerranée

Jun 24, 2024

Leveraging replication in active learning

Mickael Binois - INRIA Sophia Antipolis - Méditerranée

Jun 24, 2024

From data to confident decisions

Ilija Bogunovic - University College London

Jun 13, 2024

From data to confident decisions

Ilija Bogunovic - University College London

Jun 13, 2024

From data to confident decisions

Ilija Bogunovic - University College London

Jun 13, 2024

From data to confident decisions

Ilija Bogunovic - University College London

Jun 13, 2024

Preference learning with Gaussian processes

Dario Azzimonti - IDSIA

May 23, 2024

Preference learning with Gaussian processes

Dario Azzimonti - IDSIA

May 23, 2024

Preference learning with Gaussian processes

Dario Azzimonti - IDSIA

May 23, 2024

Preference learning with Gaussian processes

Dario Azzimonti - IDSIA

May 23, 2024

Optimal experiment design in Markov chains

Mojmír Mutný - ETH Zurich

Mar 28, 2024

Optimal experiment design in Markov chains

Mojmír Mutný - ETH Zurich

Mar 28, 2024

Optimal experiment design in Markov chains

Mojmír Mutný - ETH Zurich

Mar 28, 2024

Optimal experiment design in Markov chains

Mojmír Mutný - ETH Zurich

Mar 28, 2024