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IT Risk: Turning Business Threats into Competitive Advantage
Aug 17, 2007 · IT Risk does a great job of discussing technology risk in the context of business disruption. Intelligent Enterprise, September 10, 2007 IT risks directly impact business performance, and [the authors] advise business executives on how they can manage IT risk as business risk with business consequences. Government Technology, October 10, 2007
xTech Innovation: Achieving Speed while Managing Risks
Nov 16, 2023 · In a digital world, no organization can thrive on its own, and partnerships with xTechs offer powerful opportunities to innovate quickly, although with some risk. In this briefing, the second in a series on xTechs, we describe three mechanisms—delegated decision-making, risk management, and trust—that help large organizations innovate quickly while managing …
Data Value Assessment: Recognizing Data as an Enterprise Asset
Mar 19, 2015 · In order to maximize the value from data, companies must develop approaches to generate value amidst fear and concern related to security breaches, privacy violations, mounting costs, and regulatory constraints. We believe that companies can kick-start or further develop such approaches by conducting a Data Value Assessment (DVA), which we define as a …
IT Risk Management: From IT Necessity to Strategic Business Value
Dec 29, 2006 · With information technology becoming an increasingly important part of every enterprise, managing IT risk has become critically important for CIOs and their business counterparts. However, the complexity of IT makes it very difficult to understand and make good decisions about IT risks. CISR research has identified four business risks--Availability, Access, …
Value from xTechs: Partnering to Grow—Session Presentation
In this digitally connected world, no company can do it all. Larger companies are partnering with fast and innovative xTechs to grow faster. But it’s not all smooth sailing—there are reputational risks, integration issues, and governance challenges. In this presentation, Alan shares lessons learned from a recent MIT CISR survey, highlighting the mechanisms that help develop …
PFPC: Building an IT Risk Management Competency | MIT CISR
Apr 1, 2005 · IT risk management is becoming increasingly important for CIOs and their executive counterparts. Educators and managers have materials they can use to discuss specific IT risks in project management, security and other risk-related topics, but they have few resources they can use to have a holistic discussion of enterprise-level IT risk management. This case is intended …
Managing the Two Faces of Generative AI | MIT CISR
Sep 19, 2024 · As generative AI (GenAI) becomes more prevalent, organizations are implementing it in two distinct ways: as broadly applicable tools to enhance individual productivity, and as tailored solutions to achieve strategic business objectives. Based on a series of three consecutive virtual roundtable discussions with data and technology executives on the MIT …
Developing a Common Language About IT Risk Management
Jun 9, 2009 · Although IT risks can have wide-ranging business consequences, few executives feel comfortable discussing IT risk management. It doesn't have to be this way. Executive-level tradeoffs around IT risk are managerial, not technical. The Four A Framework of Availability, Access, Accuracy, and Agility risks provides a common language that business and IT …
Bring Your Own AI: How to Balance Risks and Innovation
Oct 3, 2024 · Since ChatGPT’s debut in late 2022, employees have continued to find new ways to tap into the power of generative artificial intelligence (GenAI). For many individuals, GenAI tools have sped up the capability to create content ranging from text to video. For example, the tools can help people summarize meeting documents, generate ideas, and construct emails. Freely …
GE’s Environment, Health, and Safety Team Creates Value Using …
Nov 10, 2020 · In 2020, General Electric Company (GE) was a $95 billion high-tech industrial company that employed approximately 205,000 people and served customers in over 170 countries. GE’s Corporate Environment, Health, and Safety (EHS) team delivered company-wide governance and oversight in that area. In 2016, the unit identified a potential for high-risk …