Enterprise Compliance Today

Using Neural Networks for Risk Identification

Posted by Greg Carroll on Tue, Feb 20, 2018 @ 08:55 AM

Although risk identification is a fundamental tenet of ISO 31000, from the GFC to Brexit traditional methods have spectacularly failed.  Neural Network mapping is the first real technique to actually identify risk drivers and their outcomes.

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Tags: corporate governance, risk management, risk identification, decision making, risk analytics, neural network

Using Big Data to identify threats, trends and evolving risks

Posted by Greg Carroll on Tue, Feb 20, 2018 @ 08:55 AM

Probably one of the most recognized but least understood disruptive technologies for Risk Management in the 2020’s is Big Data.

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Tags: corporate governance, risk management, decision making, scenario analysis, risk analytics

Using Scenario Analysis for Risk based Decision Making

Posted by Greg Carroll on Mon, Feb 12, 2018 @ 10:20 AM

ISO31000:2018 stresses the need for risk management to be integrated into operational functionality and decision making, but little has be written on how to actually achieve this.  Scenario Analysis is not a modern technology but how you can provide operational management with risk based decision marking collateral.

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Tags: corporate governance, risk management, decision making, scenario analysis

The Future of Enterprise Risk Management in the 2020s

Posted by Greg Carroll on Thu, Feb 01, 2018 @ 04:57 PM

The 2009 release of ISO 31000 was the first step across the threshold into 21st century risk management. Unfortunately the industry that has developed around it has firmly grabbed the doorway and won’t let go.  Although the latest revisions make references to decision making and integration into functional purpose, it totally misses the point of risk management, which is to assist navigating a complex world.

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Tags: corporate governance, risk management, Innovation, decision making