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Cloud-Based Supply Chain Risk Management Is Key To A Company’s Future

Smart Data Collective

It’s important to know how to protect your own firm from spend risk, supply chain disruption while enhancing the company’s ability to thrive. It’s difficult to mitigate supply chain risk in the best of times. Here’s what you need to know about the uses and benefits of supply chain risk management.

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Building Tax Planning into Enterprise Risk Management Strategies

Jet Global

A study published in the Journal of Management Accounting Research found a clear link between board risk oversight and more effective tax-planning practices. Take Responsibility for Risk Oversight. Take Responsibility for Risk Oversight. Engage in Risk-Monitoring Activities on a Regular and Systematic Basis.

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Want to tackle technical debt? Sell it as business risk

CIO Business Intelligence

What CIOs need to do instead is to present IT infrastructure investment as an important corporate financial and risk management issue that the business can’t afford to ignore. From a financial and risk management standpoint, the building is a useless (and hazardous) asset that must be written off the books and remedied.

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What is GRC? The rising importance of governance, risk, and compliance

CIO Business Intelligence

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage.

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What Is Model Risk Management and How is it Supported by Enterprise MLOps?

Domino Data Lab

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

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Ways in Which AI can Improve Enterprise Risk Management

bridgei2i

However, risk management is no way lagging. ERM or Enterprise Risk Management is being used to identify crises long before it blows up into a huge problem. AI is being used to assess, prioritize, and mitigate risks in the enterprise so that the business operations do not take a hit. Risk Management Model.

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AI Helps Mitigate These 5 Major Supplier Risks

Smart Data Collective

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. All companies require complex relationships with various suppliers and service providers to develop the products and services they offer to clients and customers — but those relationships always carry some risk.

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