The estimated $15.7trn economic potential of artificial intelligence (AI) will only be realised if the integration of responsible AI practices occurs across organizations, and is considered before any developments take place, according to a new paper by PwC.
Conventional risk management tools are appropriate for managing known or anticipated risks; but threats outside these areas need a different approach. Dr Sandra Bell says that stress testing is one tool that provides the answer, helping identify and correct organizational vulnerabilities in a safe environment.
The majority (79.2 percent) of C-suite and other executives recently polled by Deloitte say that significant operational risk events impact shareholder value over the long term; yet, just 39.5 percent leverage advanced analytics to manage operational risk and only 6 percent use emerging technologies like cognitive computing and machine learning to do so.
ISO has announced the availability of an updated standard, IEC 31010:2019 ‘Risk management - Risk assessment techniques’. This provides guidance on the selection and application of techniques for assessing risk in a wide range of situations.
Weather risks are some of the most common cause of disruption to businesses in all regions of the world; and like all risks, the actual impact is related to how well the risk is managed. Ann Pickren provides some useful advice…
Aon has published its Global Risk Management Survey 2019, a web-based biennial research report which this year features responses from 2,672 risk decision makers from 33 industry sectors.
Organizations are not paying enough attention to emerging risks, preferring to focus on easier-to-manage visible risks, according to a report published by Airmic in association with Marsh. It argues that the challenges associated with emerging risks necessitate a new approach to how they are managed.
Researchers from the University of Shanghai for Science and Technology have written a paper which presents a new way to model the risk propagation mechanism of supply chain risk.
A new report by Cass Business School for the ACCA (the Association of Chartered Certified Accountants) uncovers how board-level risk management activities vary in organisations as a result of internal and external factors.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
