Back in August 2021, fast food giant KFC failed to meet their meat demands and had to take down menu items due to supply chain disruptions. In 2018, they shut down 900 UK outlets after delivery issues – all due to poor risk visibility. While such incidents cannot be fully avoided, it can be minimized…
What is risk analysis? Quite the umbrella term, exposure to risk is a fact of life for every organization, from the smallest solo business proprietor to multinational giants. Risk involves everything from geopolitical developments and global inflation to scams and fraud targeting your company. Structured risk management, for the vast majority of organizations, is either…
No single business can master all trades, which is why its success hinges heavily on its third-party vendors. But do your vendor’s products or services support your operations without offering any setbacks? Have they placed adequate safeguards to protect your sensitive data? Are they compliant with federal laws and regulations? Did you know that a…
Companies set themselves varying scalability goals. And as they grow, so do their operational complexity, customer bases, and the amount of data they process on a daily basis. These factors bring with them a greater level of risk—enterprises need to process a larger amount of data, disclose and uphold data subject rights, and keep all…
“Risk Management lets you appreciate the risk while you let someone else shoulder all the worry.” – Anthony T. Hincks Risk is a natural part of business and any projects you undertake. Be it the day-to-day operations or financial choices, the risk is always present. But there’s a smart way to handle it: Risk management…
An Orielly report states that ‘more than 88% percent of respondents use cloud infrastructure in one form or another, and 45% of organizations expect to move three quarters or more of their applications to the cloud over the next twelve months’. Source While adoption and signs of cloud adoption with digital transformation brings in a…
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