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volatility uncertainty complexity and ambiguity (VUCA)

The acronym VUCA stands for Volatility, Uncertainty, Complexity and Ambiguity. Translated, Volatility means volatility, Uncertainty means uncertainty, Complexity means complexity and Ambiguity means ambiguity. These are paradigms that are considered in sensor fusion.

Volatility is given by continuous changes in the system. It refers to data and changing system thresholds, as well as rapid and substantial changes in signal state. It refers to a volatile market where prices and availability can change in a short period of time and where a trend, once established, can reverse in a matter of moments.

Uncertainty refers to the fact that no predictions can be made regarding signals. It arises from noise and unpredictable events. As for complexity, it is about the fact that no simple relationship between cause and effect can be established and the results depend on unpredictable events. And then there isambiguity, which is characterized by the fact that the same states can be based on different causes. There is no uniqueness with which certain events could be understood.

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Englisch: volatility uncertainty complexity and ambiguity - VUCA
Updated at: 20.02.2019
#Words: 270
Translations: DE