In today’s rapidly changing business landscape, agility is crucial for effective governance, risk management, and compliance (GRC). As technology evolves and regulations shift, businesses must adapt quickly to maintain compliance and mitigate risks. Incorporating agile methodologies into GRC processes empowers organizations to stay ahead of changes, proactively address challenges, and sustain a competitive edge.

Consider a multinational corporation facing unexpected regulatory changes in a key ma

Data Governance is a set of practices that outline the roles and accountabilities related to data and support the organization’s Business Model by generating and consuming data.  It’s all about overseeing the accessibility, practicality, reliability and safety of enterprise data.

Data Governance is guided by in-house data standards and guidelines to monitor data usage.  The process safeguards data uniformity, dependability, and fair use.  The success of a Data Governance initiative should be meas

In this week's blog post, we're sharing insights on our latest interview with Steven Minsky. Steven is the CEO and founder at LogicManager, which is a powerful risk management software. Especially during the pandemic, LogicManager has spent a lot of effort to create a relief package for their customers, to ensure their software and services can be used in innovative ways and create success stories and solutions that are available for everyone on their website.  We had our first interview with

In this week's blog post, we're sharing insights on our interview with David Asermely. David is a global Model Risk Management Lead at SAS driving strategic conversations with global institutions and influencing the SAS model risk management solution roadmap. He is passionate about translating data into actionable intelligence, and he focuses on combining the best technologies and design principles to improve modelling efficiency and quality. Based on that, we invited David Asermely to talk abo

Technological innovation and intensifying competition are forcing leaders to rethink how they use Key Performance Indicators (KPIs) to manage and direct organizations.  Digitization has reinforced the importance of Key Performance Indicators not only in enhancing employee performance but driving the overall organizational productivity.

The role of KPIs is becoming more dynamic.  KPIs are getting demonstrably flexible, smarter, and valuable in achieving strategic advantage.  Leading technology-dri

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Gain actionable data intelligence to increase the legal department's value-added For the legal department of an organization, compliance is the name of the game. Almost every action taken within the entity management ecosystem is to ensure that proper procedures are followed so that all rules and regulations are followed in accordance to the law. Manually tracking entity data has proven to create more complications than solutions it provides. As your

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Even the most rigid compliance program can’t save your company from all risk. In fact, new research reveals that program success can’t be measured by numbers alone. The Definitive Corporate Compliance Benchmark Report uncovers key program drivers for an ethical organizational culture and improved business performance. Download the report to get answers to questions like:  What elements should my compliance program includ

Attend this webinar  Decoding the DOJ’s Guidelines: An Insider's Guideto get insight into the recently updated DOJ guidance. 

Hear the perspective of Hui Chen, original author of the Department of Justice's compliance guideline, "Evaluation of Corporate Compliance Programs". You'll learn how to translate the questions in the guide into logic you can use to build an effective program.

Date: Wednesday May 15

Time: 10 AM PT / 1 PM ET

Speakers: Hui Chen, former DOJ Compliance Counsel Expert & C

In late September, Facebook announced that it had discovered a breach in its network that had exposed the personal data of nearly 50 million users to hackers.

The hackers exploited a feature in Facebook’s code to gain access to user accounts, potentially enabling them to take control of them. The breach was the largest in Facebook’s fourteen years of existence.

The fallout Facebook is facing from this breach is the latest example of the see-through economy at work. Since September 27, Facebook’s m

It’s been a rough two years for Wells Fargo.

Ever since the existence of the bank’s massive cross-selling scandal came to light in 2016, Wells Fargo seemed to be trapped in a downward spiral of failure after failure in risk management. In 2016, we were the first to identify the root-cause of the cross-selling scandal as being a failed risk management program, and correctly predicted there would be more Wells Fargo risk management mishaps in the future.

In 2018, regulator investigations finally con

Learning How to Test and Learn

By: MIT CISR

Author(s)

Ross, Jeanne W. and Fonstad, Nils O.

Type:

Research Briefing

Topics:

Digital Innovation

Business Agility

IT Governance

IT Investment and Portfolio Management

IT-based Business Transformation

2018-02-15

Abstract: To counter pervasive uncertainties in the business and technology environment and prioritize the most strategic innovation projects from myriad options, companies can take a test-and-learn approach to innovation investments. From our analysis of t

Facebook’s market capitalization dropped as much as $60 billion after reports emerged that Cambridge Analytica, the data consulting firm used by the Trump Campaign, was given the data of around 50 million Facebook users without their consent.

The Cambridge Analytica scandal is the latest in a series of risk management failures that have plagued the social networking company, which has been grappling with its role in the dissemination of fake news propaganda during the 2016 U.S. presidential elect