Some insights on risk-taking

Life is about risk-taking. For there is no such thing as risk-free. When you do not do something, you carry some risk. When you do something, you carry risk too depending on the decision at hand. The best decision is therefore to do something and increase your odds of success. There are four strategies of

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summitcl_dataanlysis

Data as a strategic resource: are you harnessing it?

  The Institute of Banking and Financial Services of Uganda conducted an educative webinar on the contemporary topic of the use of Big Data, Business Intelligence, Artificial Intelligence in the Financial Services Sector. The event took place on 20th October 2020 from 12 pm to 2 pm.  As one of the panellists, I shared insights

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What is risk management in simple terms?

Risk management is not just about preventing surprises or bad things from happening. It has a lot to do with innovation. If your risk management department does not provide you with insights to improve your business, it is high time you changed the staff. According to ISO 31000:2018, risk management is the impact of uncertainty

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What is the relationship between risk management and innovation?

How does risk management help with innovation? To understand the relationship, study the pictures below and answer the questions that follow: Picture 1: T Model risks Name the four risks present in the T-model above? What risks do you see? Of course, you may have noted weak frame, the car cannot run fast as it

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Monthly fraud risk & integrity assurance as a service

As the reality of the economic impact of coronavirus sinks in, you need to explore cost-cutting alternatives. As part of the #coronavirus recovery strategy, leaders of businesses have been conducting a business assessment to identify possible revenue leakages in terms of process redundancy and inefficiency, time, and resource wastages in unnecessary procedures and control weaknesses

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