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The last few weeks I have been blogging about Risk Leadership. I have covered why risk management has failed in many organisations, what the risk function should look like in the next decade and the leadership required from the risk function in the next decade. 

While on the surface the Three Lines of Defence Model (3LoD) model seems like a good idea, it has underlying problems for the risk industry. I have been writing about the negative impact of the approach for years and years. I note that th

Procurement analytics is a basic procedure of using quantitative methods to develop actionable insights and results from the obtained data. It captures and uses the acquired data to provide fact-based decision making and increase competitive advantage. It reports typically on the basis of past record and with estimates, using the predictive analytics totally based on historical data to predict what will happen in the near future.

The massive growth of AI is enabling managers in decision-making th

Until 2015, the power sector was largely driven by conventional fuel sources such as fossil fuels for power generation. The major issuecurrently associated with fossil fuels is the hazardous emission of green house gases leading to global warming. Moreover, as the fossil fuels are non renewable in nature, they are not available perennially for the human use. Henceforth, the global power industry is presently entering an era of significant transformation. Since past five years, the electricity se

Introduction

Nowadays, with the advent of high-speed internet and the riches a business project offers, a lot of youth are ready to leave a print in the business market with their online business. And it is attractive, with its low cost involved as it doesn’t require much office space, in fact, it could be done while sitting at home on a smartphone.

But every facility should be used as a resource and so before choosing your smartphone as a means of generating profits, try and approach this in a s

Introduction to MGT 7

MGT-7 is an automated form or e-form provided by the MCA (Ministry of Corporate Affairs) for companies to register their Annual Return.

Companies have to register their Annual Return in 60 days following the AGM (Annual General Meeting). Usually, this meeting is scheduled on September 30th following an appropriate Financial Year. So, excluding exceptions, MGT 7 is scheduled for 29th November all year. This e-form is managed by the ROC (Registrar of Companies) through automati

Have you ever wondered if it’s a good idea to surf the internet using a public WiFi network at the airport? It’s heavily trafficked, so it’s more likely that your information could get stolen, right? In some cases, it is safe to use public WiFi; your information isn’t always entirely at risk if you’re connecting to the airport network but there are definitely vulnerabilities. And, when at the airport, you may want to rethink the urge to plug in your phone using one of the USB charging stations n

Voice Biometrics Market has gained prominence due to the requirement of evidence safety methods based on technology and devices which prevents hampering of critical information. In case of the voice biometrics, the username and password is inadequate, as it can be hacked and used falsely. For the fraud detection, biometrics identification is considered the best technology.

As the identity theft is still a concern and the subsequent need for steadily helping customer’s access data, voice biometric

A Network Security Firewall acts as a barrier to keep destructive forces away from computers on a network behind the firewall. A network firewall is similar to a physical firewall which prevents a fire from spreading from one area to the other. Firewalls protect against several security threats like denial of service attacks, unauthorized remote logins, and viruses and worms which are spread over a network.

WHAT DO WE UNDERSTAND BY ‘NETWORK SECURITY FIREWALL’?

Firewalls are network security system

Can you believe what you see in a video? Most people say ‘yes,’ but the truth is, you no longer can. We all know that photos can be altered, but videos? Thanks to artificial intelligence, these, too, are being altered at a very quick rate.

These videos, known as “deepfakes,” are out there, and they are doing a number on cybersecurity. In fact, leaders in the cybersecurity sector are warning consumers that high tech video alteration is here, and it is very difficult to tell with the naked eye whet

Last week my blog was about what your risk function should look to deliver in the 2020s. In it I suggested risk functions should deliver:

“The kind of leadership that will ensure a culture where everyone leans in and takes accountability for managing the uncertainty surrounding their decision making”.

Realistically, how are we going to do that? By changing the risk profession so it becomes markedly more valuable and hence influential at board and executive level. So we become desirable. So we are

The Ready to Drink Shakes Market has been growing at a constant pace over the last few years. Even though not every product meets the expected requirements that athletes demand from their drinks. Several tests have been done to verify which has main consideration on the right composition.  These ready-to-drink shakes are considered with their unexpected biological worth and ideal availability. These shakes majorly contribute to muscle gain, and also in the maintenance and regrowth of the muscles

The world population has exceeded to XX billion people till June 2019, and the number is continuing to increase since then. This growing population has led to rise in world hunger and the quest to cater the burgeoning demand of food, has led to the need of increasing crop production. At the same time, this has benefited the crop protection product manufacturers aligning to consumer demand of safe and reliable food to consume. The crop protection chemical industry includes insecticides, fungicide

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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

Voice assistant application market organizes the website which is designed for sales and marketing support, instant responding to customer inquiries, precise navigation, customer ideas, and centralized knowledge management. Voice assistant application develops online communication, permits confined interaction with unprompted response times, working on customer retention, and understanding people’s normal language with any kind of voice recognition. Majorly, the vital luxury acts as an assistant

The Risk Management Society (RIMS) held their annual 2019 Risk Management Conference from April 7 to 10 in Boston. This year I was honored to be selected to speak on the effects of the See-Through Economy, “How to Mitigate Reputational Risk.”

The Risk Management Society holds one of the largest risk events of the year. Its purpose is to provide anyone tasked with risk responsibility, or who provides services to risk professionals, the skills and tools necessary to effectively integrate risk mana

An alarming new study is out, and if you are a parent, you should take note…children as young as 8-years old are being sexually exploited via social media. This is a definite downturn from past research, and it seems like one thing is to blame: live streaming.

YouTube serves up videos of kids, in clothing, that pedophiles consume and share as if it is child porn. It’s gotten so bad that YouTube has had to disable the comments sections of videos with kids in them.

Apps like TikTok are very popular

To win the customer’s heart, insurers cannot afford to lag behind on customer-focused innovation. Throughout the claims journey they must deliver interactive, personalised experiences. Whilst there are many barriers to implementing AI and analytics effectively to drive results across customer service and claims, it is essential for winning and retaining customers in the future.

Insurance Nexus is hosting a live webinar on the 26^th June which poses fundamental questions to two leading insurers on

The mass flow controller industry has gained recent prominence owing to its capability of controlling the flow rate of a gas according to a set flow rate sent as an electric signal. The device doesn’t get affected by use conditions or fluctuations in gas pressure. Volumetric flow measurement can be influenced by ambient temperature and pressure. Rising penetration of IoT is escalating the demand for smart flow rate measurement solutions, which in turn is boosting the demand for intelligent flow

Last week I wrote about why risk management has been failing in many organisations. The reason I gave was because risk functions often don’t deliver much value to the business served. The root cause, risk professionals often overcomplicate things and business leaders switch off and assume the “talk to the hand” pose.

So, the obvious answer to the question of what should your risk function deliver in the 2020s is value. “What value?” is a fair question to ask.

Consider the diagram below showing Ris