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According to TechSci Research report, Electric Vehicle Simulation Testing and Design Software Market  is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. The growing demand for mobility solutions with less environmental impact is influencing the demand for electric vehicles across the globe. Adopting the simulation, testing and design software by the electric vehicle manufacturers to design the advanced electric vehicle by making smart decisions and test the vehicle

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According to TechSci Research report, MLOps Market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. ML Ops stands for machine learning operations and makes the use of machine learning models by the development/operations team. The main objective of ML Ops is to manage the deployment and development of machine learning models by stating the process to make machine learning more dependable and productive. The development of the machine learning model is different f

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A new take on sailing

Thankfully, when the world went online last year, I was in front of the curve having already run online workshops for some clients. However for obvious reasons the demand for running risk workshops online has increased and I have been upping my game every step of the way to help guarantee workshop participants get as good, if not a better, experience than in-person.

One of the tools I use is Mural. Last week, in search of something new, I came across their “Sailboat Retrospective”. It was origina

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Increasing public acceptance and rising of Internet of Things (IoT) and security concerns for user identification processes to drive the growth of global biometrics market through 2026.

According to TechSci Research report, Global biometrics market was valued at USD 33.24 billion in 2020 and is expected to grow at a CAGR of 16.73% during the forecast period owing to the increasing public acceptance and rising of the Internet of Things (IoT) and security concerns for user identification processes

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Digital leaders are best positioned to meet disruptive challenges with innovation.

September 28, 2021
 
Source: MITSloan
Management Review
 
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On Jan. 8, 2020, when Chinese researchers announced that they had identified a new virus that had infected dozens of people across Asia, few business leaders realized that their companies were on the brink of an economic, medical, political, and cultural disruption of global magnitude. In short order, they were called upon to respond to potential illne

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Hi Global Risk Community member,

If your company is looking to go public, you know there are hurdles to overcome to meet the compliance requirements for financial reporting, business processes, and user access into your critical business systems.

Don’t wait to put the necessary controls in place.

The Sarbanes-Oxley Act requires CEOs and CFOs to be responsible for the integrity of the financial statements of the company.

Ernst and Young recently stated, “Companies that exceeded overall ma

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Discover Best Practices for a Successful Integrated Risk Management (IRM) Strategy

The biggest takeaway for risk managers from the pandemic is the urgent need to adopt an agile, integrated, and technology-driven approach to risk management. This comprehensive 10-page eBook provides you with key IRM best practices to strengthen your organization’s risk preparedness and ensure uninterrupted business operations. The result: enabling your organization to drive better
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In the field of engineering, anticipating failure in projects is recognised as a showcase of an advanced process of making a product. Potential failures are to be identified before the development process initiates to successfully mitigate the risk. In the future, the production costs will be greatly reduced as a result of this. Because the product is solid-state, there is little to no risk of failure if proper failure prevention techniques are used.

Fault Tree Analysis is one such methodology t

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Ongoing technological advancements and the growing IT sector is expected to drive the global AI in data integration market for the forecast period.

According to TechSci Research report, Global AI in data integration market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. Businesses tend to generate a large amount of data from non-traditional data sources such as social media posts, streaming data, machines, and traditional data sources such as file system data, ER

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Selling Resilience

This week I’m sharing my paper ‘Selling Resilience’ with you that I wrote for those who understand the benefits of building resilience to enshrine organisational value and know that convincing the unenlightened is often hard to do. You see some people making decisions for short-term gain while riding their luck because it is the easier choice. Others you see being forced into decision-making based on short-term time horizons because of politics or the views of analysts or the short-sightedness o

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According to ChemAnalyst report, “Bio Lubricant Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, bio lubricant market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 3.45% during the forecast period. Growing awareness about environment friendly materials coupled with increasing environmental regulati

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When it comes to outsourcing, companies and executive professionals often ask why they should outsource key services e.g account and expanse management, auditing and reporting, etc, when they have a team of experts to complete tasks in-house. Well, the most probable answer to this is, it reduces the stress and frustration of performing manual recurring tasks again and again on account of your employees. Simultaneously, it reduces the quality and efficiency of tasks, especially related to the com

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Covid 19 has led to unprecedented market volatility and changing consumer demands This coupled with digital transformation, energy transition and an intense geopolitical landscape. 2021 changed the face of the industry forever. A global shift toward environmental accountability, major technological disruptions and unexpected economic activity are all creating exciting opportunities and stark challenges for trading houses, investors, producers, traders, buyers and governments alike.

Reuters Even

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Involvement of technology in agriculture is driving the growth in Global IoT In Farming Market in the forecast period, 2022-2026.

According to TechSci Research report, IoT In Farming Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Component (Hardware {Automation and Control Systems, Sensing and Monitoring Devices, RFID tags and readers, Drones, Navigation, Displays, Handheld Computers, LED Grow Lights, Others}, Software {On-Premise, Cloud-Based}, Se

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The risk and compliance department is usually seen as a crucial element of the business that enables it to function, but it is not expected to contribute to growth in the bank. Be aware that strategic growth plans for banks include elements such as risk and compliance. 

Most banks budget for higher risk and compliance management expenses because as they develop, they'll need more sophisticated risk and compliance capabilities; thus, they factor such costs into their growth plans. Risk and compli

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Small, Agile Teams: 10 Best Practices

9680630868?profile=RESIZE_400xProfitability is at the core of successful businesses.  Many markets do not allow as much top-line revenue increase as the companies would like.  Therefore, organizations have to focus on improving the bottom-line.

Boosting the bottom-line entails raising Productivity.  Productivity enhancement can be achieved by eliminating redundancies and improving processes that change the company.  Process Improvement also means less people needed to accomplish the same tasks.

Change projects—as is the case w

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Reactivity Leads to Captivity

Taking a reactive approach to risk management means we are captive to limited thinking.

This blog was prompted by a question from a participant in the webinar I ran with Camms Group last month on Risk Reporting: How to Provide Summary in Detail. The question was: “Is risk management reactive or proactive? Risk assessment being about what happened rather than what might happen in the next quarter or next 6 months.”

When I run the RMIA’s Enterprise Risk Management course or my Mastering Risk Worksho

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Hello Global Risk Community member,

SolarWinds brought third-party risks to the forefront, and security experts expect such attacks will become more common. If your third-party vendors pose such risks, then what do you do about fourth-party vendors?

In this case study from Mastercard, you will find out how Mastercard addressed the challenges they face

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