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New 2020 Gartner Report Evaluates IT Vendor Risk Management Solutions

The 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools is now available. This report evaluates 23 solutions within the IT Vendor Risk Management (VRM) landscape, based on each vendor’s completeness of vision and ability to execute. This report can be utilized as a resource in the IT VRM software solution decision-making process to better understand the Vendor Risk Management landscape.

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See whi

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This is a transcript of our interview with Aidan Parisian, VP Customer Strategy at Fastpath

You can watch the original video interview here

 

8028849888?profile=originalBoris: Hello ladies and gentlemen and welcome to our Risk Management Show. In this episode we are talking with Aidan Parisian, Vice President customer strategy at FastPath. FastPath provides a comprehensive suit of software solutions that seamlessly empowers clients to take control of their security, compliance and risk management initiatives and integrat

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8028332067?profile=originalCost-based Pricing is fast becoming a relic of the past and being substituted by the concept of Target Costing.  Target Costing is referred to as an organized process to determine the cost at which a proposed product must be developed so as to generate profits at the product’s anticipated selling price in future.

In highly competitive markets such as FMCG, construction, healthcare, and energy, prices are determined by market forces.  Producers cannot effectively control selling prices.  The only

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China’s Project to Create A “Digital Yuan”

The topic of cryptocurrencies has gained prominence among specialists in international trade in recent months. With the global economic crisis generated by the new coronavirus pandemic, this need has become even more evident. The world powers enter a new race, seeking to be pioneers in a cryptocurrency system.

Since 2014, China has been developing its national cryptocurrency system that is expected

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First, I wanted to share an extract from the book I am reading at the moment

Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life

The chapter is called “I Know It Works in Practice, but Does It Work in Theory? On John Harrison, Semmelweis and the Electronic Cigarette” and I though it gives a great historical take on why most risk managers and all risk management associations reject decision science, probability theory and neuroscience.

Here is the quote from the

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In late 1995, the Java programming language explodes onto the Internet world. The guarantee of Java innovation was that it would turn into the universal glue that links users with data no matter where it originates from - web workers, databases, data suppliers, or some other comprehensible source. Without a doubt, Java is in a promising situation to fulfill this guarantee.

It is a very emphatically designed language that has picked up adoption by every single significant vendor, with the exceptio

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Toronto Children’s Hospital Recommends Back to School without Masks or Social Distancing. Detailed Report

First published by Global Research on July 21, 2020

Toronto’s Hospital for Sick Children (aka SickKids) has released a detailed report on “the harms of school closure on [children’s] physical and mental health.” Harms included: “Increased rates of depression, trauma, drug abuse and addiction and even suicide can be anticipated.”

The SickKids r

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Watch: French Professor Says There Is No Second Wave

In a recent interview on French television Prof. Jean-François Toussaint of the Université Paris-Descartes has said that hysteria over a “second wave” in France is based on the widespread misinterpretation of data. His main points are as follows:

  1. Deaths in France (and all across Europe) have fallen to almost zero.
  2. “Second Wave” headlines are counting “new c
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With miniaturization becoming the latest trend globally, micromachining gaining importance in manufacturing micro parts. Many surgeries and various Diagnoses can be possible without pain with the miniaturization of medical tools.

Micromachining may refer to the process and techniques for the construction of various structures of 2D and 3D on the micron scale. The small parts used for the aim of making watches were considered microelements until recently. Micromachining is the technology that manu

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All About High Voltage Cables and its Trends

Here is why High Voltage Cables are trending in the industry. We need to know about the high voltage cables, their types, components, advantages, and disadvantages in their application. The demand for electricity is increasing with the increase in population, therefore its proper supply must be guaranteed. For the supply of electricity over long distances, there is a necessity for high voltage cables. The properties of these cables make them effective and efficient for the transmission and also

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“Collective Narcissism” and the “Dark Triad”: Those Who Protest against the “Official” Covid-19 Narrative are Categorized as “Psychopaths”. Is It A Witch Hunt?

The legitimacy of Wall Street, the World Economic Forum (WEF), Big Pharma and the billionaire foundations which ordered the closure of the global economy on March 11, 2020 must be forcefully challenged.

A diabolical process is underway which consists in “identifying” all those who a

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Technology adoption is on many industries’ agenda, but will regulations be able to keep up with the advances? Will regulators simply use technology to support the regulatory process or will they exercise their regulatory power on the algorithms themselves? 

In this episode we discuss the key features of RegTech and Algorithmic Regulation.

https://podcasts.apple.com/co/podcast/regulation-and-supervision-of-the-otc-derivatives-market/id1458117837?l=en#episodeGuid=dbac3aee-fbae-40eb-9d19-80d95a71f423

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The Covid Crisis: Governments Are Faking It, and Copying Each Other

A mystery for months is how it is that so many governments in so many different places on earth could have adopted the same or very similar preposterous policies, no matter the threat level of the virus, and without firm evidence that interventions had any hope of being effective. 

In the course of two weeks, traditional free

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Everything About Location Based Advertising

Mobile advertising is only beginning to receive attention across the world. Location-based Advertising is a specific type of mobile advertising.

Location-based Advertising means information that is controlled by advertising companies especially for those locations where consumers access an advertising medium. This is a comparatively new medium that allows users to be exposed to advertising on the communication devices that they carry with them, specifically in the form of smartphones.

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It is a pers

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When uncertain, seek directionality

8028335274?profile=originalMy stats guru colleague Dr Andrew Pratley and I are on the move to tackle Quantifornication, the plucking of numbers out of thin air. Here is the seventh in a series we are co-writing.

Nothing is certain. Not even death and taxes. Because the only certainty is uncertainty, there’s no foolproof way to make the right decision. Most organisations deal with this by putting in a time constraint. Forcing a decision, however imperfect it may be.

While keeping the organisation moving by forcing decisions

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Video: “Human 2.0”? Humans Melding with Artificial Intelligence. A Wake-Up Call to the World

What does “Human 2.0” mean?

According to Dr. Carrie Madej, it is transhumanism where humans are melding with artificial intelligence, like in the movie Matrix.

Transhumanism has a bearing on the Future Of Humanity.

It is happening right in this moment. And we need to make a decision.  

The Covid-19 vaccine is frightening. This i

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Too many AI researchers think real-world problems are not relevant

The community’s hyperfocus on novel methods ignores what's really important.

By

August 18, 2020
Source: MIT Technology Review
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Any researcher who’s focused on applying machine learning to real-world problems has likely received a response like this one: “The authors present a solution for an original and highly motivating problem, but it is an application and the significance seems limited for the machine-learning communit

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Modern Business Models Will Drive the Post-Pandemic World

To remain relevant and resilient, companies and leaders must strive to build business models using three key components for growth.

August 17, 2020
Source:
MIT SLOAN MANAGEMENT REVIEW
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In the face of a global health and economic crisis, many traditional companies have suffered tremendous losses, and some have shuttered their doors. Those that heavily rely on physical capital (for example,

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I wanted to start with some typical math problems in school:

  • Two cars started from the same point, at 5 am, travelling in opposite directions at 40 and 50 mph respectively. At what time will they be 450 miles apart?
  • At 9 am a car (A) began a journey from a point, travelling at 40 mph. At 10 am another car (B) started travelling from the same point at 60 mph in the same direction as car (A). At what time will car B pass car A?

Or how about a geometry problem:

  • Find the length of the unknown side, a, o
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Transformation from a product-based model to a platform model is a dream for many executives.  More and more product companies are now shifting into a platform model.  The drive behind such a shift is the huge success of platform companies—e.g., Amazon, Google, and Apple.  These organizations started out as a retailer, search engine, and iPod manufacturer respectively, but later transformed into platform models.

However, bringing this transformative vision into reality is anything but straightfor

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