Operational Risk

The rapid change in the consumption of technology is overtaking Moore's Law as the most talked about rule.  Quite simply, over the last decade there have been a significant number of advances in consumer technology and what we have seen is the ever increasing trends in consumption patterns surrounding these new technologies.  The chart detailed in the article by Derek Thompson highlights this ever increasing change in the adoption pattern of technology over time.

Way too many risk managers, risk experts, and risk professionals are glass half-empty people.  Of course the role of risk management is to focus on  the potential things that can go wrong, but that does not mean that the risk manager has to be negatively focused.  In actual fact, it is that negative focus that has made risk managers the type of person that businesses wish to avoid rather than engage.

One of the most important roles of a risk professional is to be on the front foot with information. The expectations of the organisation, and most likely your CEO, is that as the Risk Executive you have an ear to the ground and an eye on the horizon.  So, how are we confronting the challenge?

Operational risk is a topic that has seen a significant rise in the amount on "online chatter", particularly since early 2000.  Some interesting statistics are presented in this infographic on operational risk, not the least is the amount of postings on operational risk represents no more than 10% of the amount of postings on the internet for the iPod since 2000!

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