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Business Intelligence, Asset Management and Risk Assessment Based Decision Making

Business Intelligence, Asset Management and Risk Assessment Based Decision Making Today, more than ever, planners and decision makers are held accountable for outcomes often appearing to be beyond their control, generated by decisions made by others, which were made in different times and socio-economic, industrial and legal environments. Complex and interdependent systems are difficult to grasp and understand. Business systems have become overwhelmingly complex and interdependent and it is often difficult to gain clear understanding of their elements and operating…

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Big data e valutazione dei rischi (risk assessment)

Big data e valutazione dei rischi Riskope ringrazia Federico Fontolan per la traduzione italiana di questo blogpost. Tutto è iniziato alcuni anni fa con le analisi, da parte di Google, dei dati riguardanti l’influenza, analizzando le correlazioni tra le ricerche effettuate sul motore di ricerca (per esempio: “sintomi dell’influenza”, “consegna a domicilio di Kleenex”) e la propagazione dell’epidemia. Google affermava: “Abbiamo trovato una stretta correlazione tra il numero di persone che effettuano ricerche legate all’influenza ed il numero di persone…

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Big data and risk assessment

Big data and risk assessment It all started a few years ago with Google Flu Trends. Looking at correlations between what people were looking for in Google (for example: “flu symptoms”, “bulk Kleenex home delivery”) and the spread of the epidemic. In Google’s own words: “We have found a close relationship between how many people search for flu-related topics and how many people actually have flu symptoms. Of course, not every person who searches for “flu” is actually sick, but…

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Event-tree and evolving worms.

Event-tree and evolving worms This week I read in the newspaper that some rootworms are evolving to resist genetically modified corn developed to kill them. The crop itself is not to blame, say scientists, but rather mismanagement by farmers, corporations and lawmakers. …but the scientists’ own recommendations — an advisory panel convened in 2002 by the EPA suggested that a full 50 percent of each corn farmer’s fields be devoted to these non-Bt refuges — were resisted by seed companies and…

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Chief Security Officer, Chief Data Officers e gli effetti negativi delle informazioni in compartimenti stagni (silos)

Chief Security Officer, Chief Data Officers e gli effetti negativi delle informazioni in compartimenti stagni Si ringrazia Federico Fontolan per la traduzione di questo post. Fino a 15 anni fa, l’esperto di rischi (meglio noto nelle aziende come l’“esperto di assicurazioni”) era fondamentalmente la persona che firmava i contratti di assicurazione, con una forte focalizzazione sui rischi operativi, poiché questi erano gli unici assicurabili. Oggi i Risk Managers (Chief Risk Officer) considerano gli “effetti silo” dovuti alla compartimentazione stagna delle…

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Chief Security Officer, Chief Data Officers and silo effects

Chief Security Officer, Chief Data Officers and silo effects Up to 15 years ago, the “risk transfer guy” (aka “insurance guy”) was basically the person who signed insurance contracts, with a strong focus on operational risks, as they were the only insurable ones. Nowadays Risk Managers (Chief Risk Officer) rightly consider information silos effect within their organization as critical issues to good risk management which includes reputational damages and many other non operational areas. This is a problem that affects…

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Risk & Crisis Management: lezioni ed esempi dalla storia

Risk & Crisis Management: lezioni ed esempi dalla storia Si ringrazia Federico Fontolan per la traduzione italiana di questo post apparso in inglese la settimana scorsa. Ok, in questo blog parliamo di risk management, risk communication, crisis management ed altre idee moderne, giusto? Bene, allora parliamo di alcune di queste “idee moderne” che per la verità sono comparse a Roma duemila anni fa. Da quanto risulta, la prima “Autorità per la Gestione del Fiume Tevere” (Curator alvei Tiberis), fu istituita dall’Imperatore…

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Risk and Crisis Management lessons, and example, from history

Risk and Crisis Management lessons, and example, from history OK, so in this blog we talk about risk management, risk communication, crisis management and other modern ideas, right? Well let’s talk about these “modern ideas” that actually arose in Rome two thousand years ago. Reportedly the first “Tiber River Management Authority” (Curator alvei Tiberis) was established by Emperor Augustus during a general restructuring of Roman administrations in charge of “highways”, water, fire protection and police. Under this new management concept…

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