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risk

Flattening the Curve of a Risky Future

Expert Contributor Kevin Benedict looks to the post-pandemic version of normal, interrogating the extent of our new-found awareness of risk. Encouraging strategy that includes a focus on risk can certainly help organisations and governments better prepare for disaster response.

Data

Tackle GDPR with a Minimum Viable Dataset

If you manage your data badly it can lead to a blow to reputation, a cost to fix the result of a data loss, and at worst action from the ICO. So maybe we should think of it like stock in a warehouse, great to have, and an asset on the balance sheet, but costly to maintain.

risk management cycle

Managing Risk or managing risks?

There are many risk management methodologies in existence but it is not uncommon to come across large firms still following today simplistic, dysfunctional or flawed practices, in particular around operational risk management.

The main issue with many of those approaches is that they are plagued by a fundamental theoretical issue, which goes far beyond semantics: There is an abyss between managing “Risk” (broadly defined as “the impact of uncertainty on objectives”) and managing “risks” (events or scenarios that might have an undesirable outcome).

Risk Management

Risk – Abstract concept or Valuable asset

Risk is the potential of gaining or losing something of value. There are two parts to that statement, firstly potential, and the second, value. Sounds simple. And to translate these two components into something that actually means something, these abstract terms need to be made real. They need to resonate with each pair of eyes and ears.

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