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cmtoo 30-Oct-19, 18:51	Technology I was frustrated by technology again yesterday. It’s another one of those things that can undo us.
cmtoo 01-Nov-19, 01:07	Opportunity evolves in the digital age “The opportunity doesn’t sleep, but the threat doesn't sleep, either,” said Robb Eadie at the recent Risk Reimagined Roundtable, co-hosted by The Australian Financial Review and KPMG. Mr Eadie, global chief risk officer at BHP, said: “Historically, in the risk function, we’ve taken the view that the pace of opportunity and the pace of threat is at a level that we can manage, nine-to-five, five days a week, 300-and-something days a year. “The fact is, we can't, because of the current rate of change; and consequently, we need to have some form of response to that rate of change, and one of the ways to do that is through effective data manipulation, management and control.” That “control” cannot be total, however. “It's in the context of risk, where we control things that either are opportunities and we reduce the risk of hazard, and we increase the opportunity of success. “As these threats evolve and these negatives evolve, we need to be able to match that pace. At the moment, I think in both counts, business is lagging behind both the rate of change of opportunity and the rate of change of threat, and the risk function has a huge part to play in matching those paces, and accelerating to match those paces.” From The Age

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cmtoo
30-Oct-19, 18:51

Technology

I was frustrated by technology again yesterday. It’s another one of those things that can undo us.

cmtoo
01-Nov-19, 01:07

Opportunity evolves in the digital age

“The opportunity doesn’t sleep, but the threat doesn't sleep, either,” said Robb Eadie at the recent Risk Reimagined Roundtable, co-hosted by The Australian Financial Review and KPMG.

Mr Eadie, global chief risk officer at BHP, said: “Historically, in the risk function, we’ve taken the view that the pace of opportunity and the pace of threat is at a level that we can manage, nine-to-five, five days a week, 300-and-something days a year.

“The fact is, we can't, because of the current rate of change; and consequently, we need to have some form of response to that rate of change, and one of the ways to do that is through effective data manipulation, management and control.”

That “control” cannot be total, however.

“It's in the context of risk, where we control things that either are opportunities and we reduce the risk of hazard, and we increase the opportunity of success.

“As these threats evolve and these negatives evolve, we need to be able to match that pace. At the moment, I think in both counts, business is lagging behind both the rate of change of opportunity and the rate of change of threat, and the risk function has a huge part to play in matching those paces, and accelerating to match those paces.”

From The Age

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