Technology And Data Risk
Any organisation which uses technology in its operations to store, manipulate, transfer or create data or information, is at technological and data risk. This applies to practically every company operating today, regardless of their levels of technological use. Technology risk is a firm’s exposure to potential loss resulting from the
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
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
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
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
What should risk managers consider when embarking on the Artificial Intelligence journey?
Whether we like it or not, the age of Artificial Intelligence (AI) is here. It has been here for quite some time but it is only lately that technological development has pushed it concertedly into the spotlight. The Covid-19 pandemic has spurred more businesses and individuals to go online, which