Tag: #RiskManagement
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All Companies are Software Companies These Days
Today all companies are software companies, but many haven’t yet realized or fully understood the implications. This is because today’s software is used in almost all aspects of running a company no matter what type of business, even if a company doesn’t produce software as a product. In addition, almost all companies are producing and…
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The Many Org Structures Companies Use for Compliance & Data Governance
GRC stands for Governance, Risk and Compliance and the acronym is being heard much more frequently recently. A GRC framework is a model for managing compliance and governance risks in a company. The framework has been named GRC because many business risks have been found to originate with how regulatory compliance is being managed or…
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Time Bandits & Focus Thieves
As mentioned earlier in The 8 Wastes – DOWNTIME post, both time & focus are precious resources when trying to get things done. Losing either or both is not often seen as a business risk, but in reality, it is – in the same as any other theft. In the case of time, it can…
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New Company Roles Emerge for New Compliance & Data Governance Needs
New Regulatory Compliance Laws and Regulations are Emerging QuicklyNew risk management needs are constantly arising as regulatory compliance laws and regulations continue to evolve. To be successful business need to integrate responsible risk management practices into everyday operations, especially for emerging disruptive technologies such as AI. As these laws and regulations evolve businesses must be…
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AI Agents Have Arrived & Need Data Governance & Need It Now
Just a few years AI burst into the mainstream news and consciousness and today it seems every time we turn around we hear about AI. AI technology is moving so quickly that few people can actually keep up with it, but that has not stopped businesses from starting to adopt AI to be competitive and…
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Why Visualize Business Risks?
A Nimble Risk Management Consulting business goal/value proposition is ‘Analyzing companies and creating business risk visualizations of risks and risk dependencies’. The risk visualizations created will help companies better communicate and understand their risks so they can be more efficiently managed. NRM creates risk visualizations because humans tend to learn better through visualizations. Studies have…
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Businesses Lag in Adapting to AI Tool Usage & Associated Risks
I’ve written about how the term ‘Huge Data’ is more appropriate today than Big Data because of the huge leaps in data generated and the need for AI models to be trained using large data sets. Also, how few businesses today know all the sources of all data they use, much less can manage and…
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Continuous Roadmapping Using a North Star
‘Continuous Roadmapping’: ‘High-level lightweight Product Roadmaps synced periodically with Agile Product Backlogs’ As an Agile Coach, Agile transformist and Scrum Master I teach and mentor Agile teams, Product Owners and executives how: As an agile practitioner and agile coach I don’t believe in Waterfall planning methodologies nor detailed multiyear Product Roadmaps. But I also fully…
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Flow framework amplifies return on investments
Many businesses are unconsciously generating more and more technical debt (backlogged engineering work) related to the workflows and the data that they use to get work done. A large amount of this technical debt is being generated at the crossroads of data governance and regulatory compliance, as well as data management and business agility. In…
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Crossroads of Business Efficiency with Risk & Data Governance
Overview of the ‘Crossroads’ article series: ‘The Crossroads’ is a term and concept sometimes used to describe the intersection of different technologies, business issues, etc. and using it allows visualizations that can help narrow in on what precisely is being discussed. We titled this article series ‘Crossroads of Business Efficiency, Risk and Data Governance’ as…
