Yogesh Malhotra, Ph.D.
Projects, Panels, CxO Thought Leadership
$1 Trillion Funds, $100 Billion Hi-Tech Firms, Wall Street, Silicon Valley,
National Science Foundation, US & World Governments, United Nations
Portfolio of Global CxO Research & Practice Leadership
Research - Model Risk - Financial Risk - Cyber Risk - Projects - Publications - FinRM
Quantitative Analytics, Quantitative Modeling, Risk Modeling & Risk Management Global Research Impact
The Final Report of the AACSB International Impact of Research Task Force singled out Dr. Yogesh Malhotra's research in Information Systems as an "exemplar" of "considerable impact on practice" among Nobel laureate works such as Black-Scholes. Besides mainstream financial and risk modeling predictive analytics and forecasting, his work has also focused on projecting future trends not predictable from historical data given high levels of environmental uncertainty, complexity and radical change characterized as 'black swans' and 'extreme events'. These are now primary concerns shared by many in cyber- and information-intensive areas such as Big Data Quantitative Analytics, hi-tech Quant Finance, Risk Modeling, Risk Management, IT Governance, and Cyber Defense.
Dr. Yogesh Malhotra's scientific research impact is recognized among 'exemplars' of 'considerable impact on actual practice' such as Nobel laureates Black-Scholes, Harry Markowitz, William Sharpe in the AACSB International Impact of Research Report for advancing global research and practices on risk modeling and risk management. High-profile scientific impact studies have ranked the impact of his research among the top 50 business and economics researchers of all time. Given systemic risks posed by notional $700 trillion dollars in derivatives markets alone, his focus is on computational mathematical quantitative models of risk management beyond model risks exposed by the global financial crisis of 2008 and subsequent extreme events and black swans. His prior research focused on advancing financial risk management beyond traditional VaR models that have been the subject of critical review by the Basel Committee for Banking Supervision. The foundation of latest Federal Reserve and OCC Financial Risk Management supervisory guidance on Model Risk Management guidelines and standards is evident in Yogesh Malhotra's research. His Cyber Risk Management research is consistently followed by top CxOs and commanders of US Army, Navy, Air Force, and Marine Corps for defining future generations of intelligence, military, and defense strategies and policies.
His research and practices are ranked and profiled in scientific impact studies, global business press, and industry surveys among Nobel laureates, Knowledge Management pioneers, and distinguished professors from institutions such as Harvard University. He has served by invitation on the U.S. National Science Foundation computer scientists' national expert panels for promoting US Federal Research and R&D investments in US National Computing Innovation. He has served by invitation on the United Nations Department of Economic and Social Affairs Division for Public Administration and Development Management world headquarters global economists' expert panel as the leading global expert on asset pricing, asset valuation, and measurement of digital assets.
His pursuit for advancing the 'risk management paradigm' for large-scale complex systems can be traced back to his communication as a PhD research fellow in mid-1990s with Dr. John H. Holland the 'father of genetic algorithms', then situated at the Santa Fe Institute. His 2001 paper inspired by that communication addresses many of the questions being raised in aftermath of the Global Financial Crisis of 2008 on issues such as What is Exactly Missing from Quantitative Models? Published in the computer science journal Expert Systems with Applications special issue on Knowledge Management and its link to Artificial Intelligence, it was ranked by the journal as first on its list of top-25 most downloaded papers.
"I think you have hit upon an area that has seen very little coordinated research. There has been an over-concentration on Shannon's definition of information in terms of uncertainty (a very good definition for the original purposes) with little attempt to understand how MEANING directs a message in a network. This, combined with a concentration on end-points (equilibria) rather than properties of the trajectory (move sequence) in games has lead to a very unsatisfactory treatment of the dynamics of organizations." - Dr. John H. Holland, 'The Father of Genetic Algorithms', personal communication, in Malhotra, Y. "Expert systems for knowledge management: [Managing uncertainty by] crossing the chasm between information processing and sense making," Expert Systems with Applications: An International Journal, 20, 2001.
His ongoing quest for next-generation risk management and quantitative finance models is based on culmination of applied practices and influential research focused on how people and organizations use information for decision-making to handle unprecedented dynamic uncertainty and complexity. This quest is focused on advancing global finance and risk management quantitative modeling practices beyond predicting an increasingly & radically discontinuous future with backward looking models focused on past history to anticipation of surprise by 'effective challenge' of models.
Chronology of Quantitative Risk Modeling & Risk Management Research Impact
(Prior to the Global Financial Crisis of 2008-2009)
In February 2008, AACSB International Impact of Research Report recognized Yogesh Malhotra's research on advancing the risk modeling and risk management paradigm for large-scale complex systems among "exemplars" of "considerable impact on actual practice" such as Nobel laureates Black-Scholes, Harry Markowitz, and, William Sharpe. At that time he was serving on the faculty of the Syracuse University.
In 2008, he was invited to join the Emerald Management First (UK) International Advisory Board among others such as the Balanced Scorecard and Activity Based Costing pioneer Robert S. Kaplan, Baker Foundation Professor, Harvard Business School.
In 2007, Business Standard, India profiled his insights and research among "world's leading management thinkers" including Ivy League business school deans and senior professors at institutions such as Dartmouth, Harvard, Wharton, and Yale whose contributions have significantly advanced real world business practices.
In 2006, his biographical reference was nominated and published for the first time in the Marquis Who's Who in Science & Engineering® for contributions to high-impact fundamental empirical statistical and quantitative modeling field study research guided by his pragmatic and applied focus as global Finance-IT-Risk Management Practitioner.
Between 2002-2005, he served by invitation on 32 National Expert Panels of Computer Scientists, Venture Capitalists, and Technology Analysts for the National Science Foundation (USA) headquarters to judge and award multi-million dollar technology commercialization grants for U.S. Finance-IT-Risk Management and Web Computing Innovation.
In 2005, his applied thought leadership was profiled among world's leading knowledge management pioneers such as Tom Davenport, the scholar-practitioner-management consultant most renowned as the pioneer of global Business Process Reengineering and Knowledge Management global practices, by Emerald Publishing, UK, world's top management publishers.
In 2004, he was ranked among world’s pioneering contributors to knowledge management such as 'the man who invented Management' Peter Drucker and Nobel laureate Herbert Simon based on a study by an IBM scientist published in a research monograph of the American Society for Information Science & Technology. *
In 2004, he was invited to serve on the Knowledge Management Magazine (UK) International Advisory Board among others such as the Knowledge and Innovation Management expert Dorothy A. Leonard, William J. Abernathy Professor of Business Administration, Harvard Business School.
In 2003, he was ranked among world's most influential experts on knowledge management such as economist Joseph Schumpeter and information scientist Herbert Simon in the University of Minnesota MIS Research Center scientific impact study. **
In 2003, he delivered the invited expert paper and keynote on the Measurement of Knowledge Assets at the United Nations World Headquarters at the invitation of United Nations Department of Economic and Social Affairs. Of four global experts, two on the expert panel are from U.S. university research academia, the other member from university research academia being a distinguished economist and endowed chair professor at the Northwestern University. The IT Economist Paul A. Strassmann, acting CIO at NASA characterized Yogesh Malhotra's expert paper written at the invitation of the UN for presentation at this seminal event as "a critical and definitive examination of KM measurement."
In 2002, his biographical reference was nominated and published for the first time in the Marquis Who's Who in America® for applied contributions to advancing global Finance-IT-Risk Management practices.
In 2002, CNET Networks awarded the Corporate Computing Award for his article 'Why Knowledge Management Systems Fail' with its focus on risk management of systemic failures for being the most influential article.
In 2001, his biographical reference was nominated and published for the first time in the Marquis Who's Who in Finance & Industry® for applied contributions to advancing global Finance-IT-Risk Management practices.
In 2001, at the invitation of the Intel Corporation, he wrote the expert paper on the Next Generation e-Business Architectures.
In 2000, he was ranked among world’s three most influential scholar-practitioners on Knowledge Management across all disciplines in the worldwide ISWorld survey published by the Drexel University, the top two ranked professors being Tom Davenport and Ikujiro Nonaka. *** He had just completed about two years out of the PhD program where he became interested in Knowledge Management as a doctoral research fellow and PhD candidate.
In 1999, his biographical reference was nominated and published for the first time in the Marquis Who's Who in the World® for applied contributions to advancing global Finance-IT-Risk Management practices.
In 1998, while in final year of his Ph.D., he was invited among Herbert Simon and Ikujiro Nonaka by the administrator of Malcolm Baldrige National Quality Program Awards, American Society for Quality, as contributor to Knowledge Management journal special issue of the Journal for Quality and Participation. He was also invited by a representative of Harvard Business School Publishing to head the flagship digital corporate executive business publication to be launched as counterpart of Harvard Business Review journal as its top editor with office in New York City or Boston.
In 1997, his Finance-IT-Risk Management technology venture was exclusively selected for the Computerworld Annual Forecast Best Site Award. The same technology venture was subsequently reviewed by Information Week as a "benchmark for practice".
In 1996, his digital Risk Management research Web site submitted as a last minute entry was ranked right between the top two Web search engines of that time, Lycos and Alta Vista in the Best Research Site category of the Industry.Net Online Achievement Awards.
Around 1994: Just with the advent of the first WWW browser, Finance-IT-Risk Management Practitioner Yogesh Malhotra's digital social enterprise about rethinking the Future of Finance-IT-Risk Management Practices took shape on the WWW. For its cutting-edge view of global Finance-IT-Risk Management Practices and their projected 'future' evolution in the business world, this ad hoc digital enterprise started getting reviewed in almost every top-tier Finance-IT-Risk Management trade publication. Its leading-edge content was 'borrowed' with due credit by leading-edge global institutions such as the Harvard Business School MBA program for advancing global management practices. To teach Harvard MBAs, professors at Harvard were using the cutting-edge applied knowledge of Finance-IT-Risk Management practices generated by the global Finance & Banking software engineer and management consultant turned PhD student who had just joined the PhD program one year ago.
Yogesh Malhotra among other 'Vision Korea' National Campaign Keynote Speakers in Seoul, South Korea:
Charles Lucier of Booz Allen Hamilton, David Snowden of IBM, Robert H. Buckman of Buckman Labs,
Hubert Saint-Onge of Canadian Imperial Bank of Commerce, Professor Ikujiro Nonaka of Hitotsubashi University“If you spend some time at [cyberspace risk research lab] founded by Dr. Malhotra you will be blessed by some of the world’s most astute thinking on the nature of knowledge and its value.”
- U.S. Army Knowledge Symposium, Theme: "Knowledge Dominance: Transforming the Army...from Tooth to Tail", Department of Defense, United States Army.
* Reference: Ponzi, Leonard J. (IBM), Knowledge Management: Birth of a Discipline. In Michael E.D. Koenig & T. Kanti Srikantaiah (Eds.), Knowledge Management Lessons Learned: What Works and What Doesn't, (American Society for Information Science and Technology Monograph Series), 9-26, 2004.
** Reference: Subramani, M. and Nerur, S.P., 'Examining the Intellectual Structure of Knowledge Management, 1990-2002: An Author Co-citation Analysis.' University of Minnesota Management Information Systems Research Center Study. MISRC Working Paper #03-23, 2003.
*** Reference: Overmyer, Scott P., Survey about the most influential scholars-practitioners in Knowledge Management, ISWorld, 2000.