The article deals with the operational risk implications of implementing new technology to small- and medium-sized financial institutions in the U.S. When implementing information technology initiatives, institutions must consider the operational risk elements of technology within the purview of strategic ...
Implementing new technology can also be seen as a cost cutting method. For example, a new machine may replace a certain number of employees, cuttinglabor costs, where the cost of the machine is made up after a certain period of time of not incurring labor costs. Cost Cutting Strategy When ...
"This is a very important document," said Waref Kumayha, president of the Silk Road Institute for Studies and Research in Lebanon, noting that the world has entered a new era as a result of generative AI technology, which has brought great changes to many industries, including news media. ...
Show Notes: One of the biggest challenges a CIO or CTO may face when implementing new emerging technologies is evaluating the risk that a specific technology could bring to the business. In this episode, we hear a session from our recentSecurity & Risk event, where Principal Analysts Renee Mur...
This paper presents a financial returns analysis that captures RFID's costs and benefits, and quantifies the financial risks of implementing RFID for various business sizes and products with different unit profits to understand when RFID makes business sense. More precisely, the returns analysis is ...
is the fear of losing out, which pushes organizations to invest in new technologies so as not to be left behind by their competitors -- regardless of whether the organization is ready to adopt that technology. The second is caution about the potential unanticipated consequences of impleme...
China has a history of implementing large-scale engineering projects to change its geological conditions and local weather, in order to combat natural disasters. These projects, including artificial afforestation, the South Water to North project, and the Three Gorges projects, were not aimed toward ...
LONDON--(BUSINESS WIRE)--The GSMA today announced the findings of a new report, “Wholesale Open Access Networks”, which examines the performance of the wholesale open access network (WOAN) model (also known as single wholesale network or SWN) in five markets around the world: Kenya, Mexico...
“The goal of risk mitigation is not to eliminate threats. Rather, it focuses on planning for inevitable disasters and mitigating their impact on business continuity.” –IBM Mitigation seeks to reduce the likelihood or impact of a risk. Suppose your project relies on a new technology your team...
Digital transformation is the process of investing in technologies to create new business processes and experiences. It's an all-encompassing term that means different things to different businesses but might involve: Implementing new digital tools like software and mobile applications to improve customer...