David Ollech | Entrepreneur
This is the blog of entrepreneur David Ollech, who is a partner at Fidem Holding. This blog will explore various aspects of David’s professional life, covering a range of topics including future trends in urban architecture, carbon reduction, the psychology behind successful investment, and AI’s role in BCI and HMI.
Urban Trends
In terms of urban trends, the focus – both now and likely for the foreseeable future – is on sustainability, resilience and inclusiveness. The latter, in terms of city planning, is about ensuring that all residents have access to basic necessities. This is a significant challenge given that, according to a report from the World Bank, one in three people in developing regions do not have access to minimum services and live in substandard housing.
Carbon reduction is at the top of the agenda for many individuals, companies, organisations and countries around the world, and AI could play a key role in achieving this. By leveraging AI tools, businesses can now measure and analyse their greenhouse gas emissions, reduce their carbon footprint and even identify areas for improvement. These tools, concepts and platforms include machine learning algorithms, AI-powered circular economy initiatives and energy management systems, blockchain technology and predictive analytics.
Artificial Intelligence
AI is also playing a major role in BCI (brain computer interface) and HMI (human machine interaction), with significant advances being seen in the fields of cognitive screening and emotion recognition. Furthermore, innovations concerning algorithms, specifically in cognitive computing, are driving the continuous integration of AI in BCI and HMI with a view to establishing a powerful industrial AI ecosystem. Machine learning and deep learning are enhancing BCI systems’ performance to enable the better management of real-world challenges.
Successful Investment
The psychology behind successful investment is of particular interest to David and typically involves a propensity for numbers, a keen eye for market trends and an in-depth understanding of human behaviour. Consistently successful investors are also able to effectively manage their emotions and override feelings of fear or greed to avoid having their ability to make decisions clouded. They are generally able to remain rational and calm in the face of volatility and resist feelings of euphoria or panic during times of a bull market. This allows these investors to avoid making the sort of impulsive decisions that can undermine long-term investment success. Successful investors also usually display great resilience, are astute at assessing risks, are honest regarding limitations and are able to use failures as learning opportunities, adapting their strategies accordingly.