The Race To Operational Resilience In The New Normal
What is resilience? It’s what helps individuals and organisations bounce back from adversity. The result of experience, ability and strength, resilience is a dynamic process that has to be developed over time, and continually tested to gauge its fitness for purpose. Within the business context, resilience is what keeps companies
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
The Rise of Technology and Data Risk
New technology, such as artificial intelligence (AI) and cloud-based storage, is fuelling concern over data risk. But what constitutes data risk? This usually refers to the risks that confront an organisation such as loss of value or reputation, due to the challenges it faces with regards to acquiring, storing, transforming
Why Should The C Levels Care About CyberSecurity?
Should those in the C-Suite be concerned when it comes to cybersecurity? The short answer: yes. There is no denying that being in the C-Suite signals that an executive has “arrived” and is among the movers and shakers of the organisation. But most people tend to see the perks that
Is Operational Risk Management A Profession Or A Skillset?
Operational risk deals with the uncertainties the organisation faces in its day-to-day business activities. This may include a range of happenings spanning equipment breakdown, insubordinate staff and non-compliance with internal procedures; to problems that are the result of external events, such as natural disasters; to political unrest in neighbouring countries
Look What’s Coming Your Way: Cybersecurity Trends To Watch Out For
Knowing what to keep an eye out for where cybersecurity is concerned, is always helpful. But matters tend to become complicated when a real virus is added to the virtual ones already in circulation. Compounding the matter is the sudden spike in the volume of people now working from home.
Managing the risk of failure via operational risk management
What keeps CEOs, COOs, CIOs and CFOs up at night? It’s not just members of the C-Suite; nobody can sleep if they think they will wake up to a natural disaster, or a pandemic. The thought of systems and processes, and the people who run them, failing, is terrifying to
The gargantuan scope of Operational Risk Management
What constitutes Operational Risk (OR)? Just about anything. It can be as localised as a plumbing problem that makes the office toilets unusable, or new software that disrupts office systems across the organisation and its subsidiaries in different jurisdictions while making it difficult for customers to transact online. OR can be
Technology Risk Management: Starting At The Core
Technology – everybody wants it; it gets more valuable by the hour. As businesses move forward, it becomes a necessity, no more a luxury. But different parts of the world have different rules and regulations, and these need to be recognised – which means managing technology risks better in order
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