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In its attempt to develop a theoretical framework of the proposed model, the research provides a classification of operational risks in major Islamic financial contracts. In addition, rather than adopting the existing operational risk measurement methods, this research develops a proposed measurement model attributed as Delta Gamma Sensitivity Analysis Extreme Value Theory (DGSA EVT) model. DGSA EVT is a model to measure high frequency low severity (HF LS) and low frequency high severity (LF HS) type of operational risks.
A study published by Oxford University and consultancy firm Deloitte in October predicted there is a 77 percent probability Britain will lose 1.3 million and predictable administrative and operative jobs within 15 years.More than 850,000 public sector jobs including teachers, social workers and even police officers could also be replaced by computer programs.MPs warned in October the government is unprepared for the coming technological revolution.The Science Technology Committee said the government role in preparing for the impact of AI is and cautioned that fiction is slowly becoming science fact, and robotics and AI look destined to play an increasing role in our lives over the coming decades. Saw its shares drop to a 10 year low at one point following its December statement, in which the company announced it would be selling off assets and trimming costs to protect its balance sheet after Brexit.The company will use robots to help eliminate human error and make decisions faster, said chief executive Andy Parker, whose salary rose nine percent to (US$756,000) this year, according to Unite the Union.doesn remove the need for an individual but it speeds up how they work, which means you need less [sic] people to do it, he said in the statement.can then do 10 times the amount they used to, so you need less [sic] people to do the same amount of work. Azam, national secretary for public services at the GMB union, said in a statement, services are predominantly delivered by people so it hard to see how they going to provide a cost efficient service from call centers in another country.want to sit down with Capita and make sure people are treated fairly in any process that ends with them losing jobs.never had a good track record with private providers delivering computerized systems.