In the early 1960s, chaos theory pioneer Edward Lorenz famously asked, “Does the flap of a butterfly’s wings in Brazil set off a tornado in Texas?” Lorenz theorized that small initial differences in an atmospheric system could result in large and unexpected future impacts.
Similar “butterfly effects” can surface in the increasingly interconnected and complex universe of enterprise partnerships and supply-chain and cross-product relationships. It’s a world where new or evolving products, services, partnerships, and changes in demand can have unexpected and surprising effects on users and other products, services, traffic, and transactions in a company’s ecosystem.
Monitoring these complex relationships and the potentially important changes that can reverberate through an enterprise’s network calls for an interconnected system of virtual “sensors,” which can be configured and tuned to help make sense of these unexpected changes. As enterprises increasingly interface with customers, partners, and employees via apps and application programming interfaces (APIs), setting up a monitoring network like this becomes a particularly important part of data analysis. To find out more, read the full article, "Virtual Sensors and the Butterfly Effect," published in Wired Innovation Insights.