For business critical projects, where the impact of mistakes is high either in terms of control, cost, or safety, we are able to provide independent verification and testing of algorithms and models. The relevant importance of external review and auditing is highlighted in Nick MacPherson’s ‘Review of quality assurance of Government analytical models: final report’, published by HM Treasury in March 2013.
We assist our clients in making their models and algorithms more robust, secure, and efficient. Furthermore, we can provide independent review, disclosure of techniques, knowledge transfer, and validation of models and algorithms to help our clients meet regulatory requirements such as transparency and external QA.
The Smith Institute is independent from any other organisation and as such is able to act within our clients’ best interests to provide models, analysis, and algorithms which capture the system being verified. We have extensive experience in testing the limits of the operational envelope and presenting the results to our clients and regulators.
Various examples of projects we have undertaken which required capability in system validation.