Machine Learning, Artificial Intelligence And Risk Management
Machine Learning (ML) is becoming an integral part of everything we do; there’s no getting away from it. We now reach for Google Maps and Waze – which are examples of how far ML has become integrated into our everyday activities – instead of thinking out our routes when we’re
How To Talk Digital Risk To Your Board
Conversations with the Board are often stress-filled occasions for management. Broaching the subject of risk is never easy - even more so when it involves digital risk. But talking about digital risk to the Board is necessary because in today’s business environment, digital risk management spans an increasingly wide range
Digital risk management: Making Digitisation Work For You
Digital is the New Normal; digitisation is transforming every aspect of life as we know it, and industry is taking the lead. Today, we have digitised banking, publications and purchasing; as well as digitised teaching, learning, knowledge acquisition and service delivery. Digitisation is becoming all-pervasive, and unfortunately, so are the
Risk managers and organisation should overcome the mental block of digitisation
Risk management is, to a great extent, about the psychology of managing risk. People have to accept that there is risk to begin with, then understand how to deal with it. In the process, they develop individual perspectives and approaches to risk which are further supported by organisational systems and processes.
Is innovation worth the risk?
Are companies that don’t innovate doomed to oblivion? Examples abound of firms that didn’t keep up with the times, and paid the price by not living to tell the tale. Kodak comes to mind. While rivals like Fuji moved on from manufacturing film to other products like digital cameras and
What does Digitising Enterprise Risk Management mean?
Digitisation has transformed many industries – media, transportation and retail, to name a few. Most organisations have accelerated their digitisation capabilities, being aware that if they do not, they will not survive. But this may not be enough for the New Normal; indeed, organisations which want to succeed in the
Digitisation: Is It Worth It?
In the rush to keep up with the competition, it is inevitable that the focus will be on setting up systems, training personnel, and ensuring everyone is up to speed with the latest software. But very often, not enough attention is paid to managing the risks which are inherent in
Managing data to manage your risk
Do you know where your data is? In the event of a cyberattack, how fast can you reconstruct the data your business runs on? Every firm is fair game for cyberattackers, even if you think you don’t have “important” data? A cyberattack will do more than rob the firm of
Virtual Risks Can Be A Real Nightmare
‘Cybersecurity is no longer just a technology issue: it is a business one too’ – Neil Campbell, Director of Security Solutions of Australia’s leading telecommunication company, Telstra A local university was recently threatened with the potential leakage of personal details of more than 1 million students and alumni if they failed