UBS: No Guts, No Glory

I just read that UBS is reporting some 2 Billion $$ damage from "unauthorized deals" one of their investment bankers made. 2 years after Kerviel / Société Generale. This is the hard way of learning things. The only thing that now might really help those who will be asked why somebody is able to do unauthorized deals and create 2 Billion Dollars loss: Get the latest album from Australian Hard Rock Band Airbourne: "NO GUTS NO GLORY", take a day off and listen to it. Or for immediate relief, have a look at their "NO WAY BUT THE HARD WAY" video. Great music.

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Internet of Things & Industry 4.0

Internet of Things the intelligent connectivity of smart devices by which objects can sense one another and communicate, thus changing how where and by whom decisions about our physical world are made. Manufacturing companies are currently implementing this “intelligent connectivity of smart devices” in their factories and on the shop floor. To distinguish these applications of the IoT from those among consumers and other realms, the term Industrial Internet of Things is often used. (...)

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