Digital Governance Council | Conseil de gouvernance numérique’s Post

🔔 New research alert! 🔔 This week I published my latest report - "The Forrester Wave™: Governance, Risk, And Compliance Platforms, Q4 2023." GRC has experienced an odyssey over the past 20 years, culminating in a new era with the rise of generative AI, risk intelligence data, and sophisticated, experience-led platforms. Less gods and monsters than Homer's Odyssey, but equally as many challenges and lessons learned. Check out this blog for a preview of findings. Forrester clients can access the full report from the blog. Get in touch and let me know what you think! #GRC #riskmanagement https://lnkd.in/gewmGnRE

How #tech is changing the way businesses assess and mitigate risk in the #GenAI Frontier on WIRED https://lnkd.in/g3qEYBrq

AI clearly has transformative capabilities when it comes to governance, risk and compliance (GRC). It does not mean that it can replace the human infrastructure that is tasked with managing these topics. However, we, the humans, are critical in the design and use of these new innovations. There are still many ethical considerations to assess, including the applicability and the fostering of sound judgement while are functions still in development. There are lingering questions such as: Was this software developed with anti-bias incorporated into it? What recognized and accepted standard is being used for evaluation of key issues? How invasive might this be to employee and customer privacy? Organizations such as the Risk & Insurance Management Society (RIMS) are on the forefront of bringing these issues into the professional discussion arena. Participate in the next RiskWorld 2024 event in San Diego from May 5th - May 8th. There is a specific education track on Artificial Intelligence which is promising to generate a lively discussion and sharing of ideas. #EthicalAI #Governance #Risk #riskworld

The 2024 RMIS Report underscores the transformative power of technology and the democratization of RMIS and RiskTech, offering organizations invaluable insights into navigating evolving risk landscapes. As vendors prioritize accessibility, adaptability and ethical AI practices, stakeholders are empowered to leverage innovation effectively, enhancing operational resilience and driving sustainable growth in an era of dynamic risk. Click to read our newest blog!

#GenerativeAI is providing new opportunities in the financial services industry. While ensuring safer transactions, it can create new data and forecasts, improving #riskmanagement in evolving financial environments. However, #GenAI necessitates a thorough reevaluation of risk frameworks. An insightful read! https://lnkd.in/g-e6Vi2P

It seems like everyone is talking about A.I. but what does this emerging technology mean for the insurance industry and how do we create risk management strategies for our clients that meet the needs of a constantly changing online world? Harvard Business Review recently evaluated at all of the risks generative A.I. could create for corporations. While new technologies create new risk management frontiers, we are always thinking about innovative ways to support our clients in the face of new challenges.

Arriving in Fort Lauderdale for Shared Assessments #thirdpartyrisk summit. Tomorrow I'll share the stage with experts in #tprm on how frameworks help promote common principles and self-governance with third-party service providers. And how shared security responsibility models generate trust, accountability and efficiency when there is mutual understanding of the benefits. I'll also speak on #AI and emerging technologies. What frameworks are being developed, how regulation is shaping future innovation and best practices for determining corporate AI-readiness. #SSRM #CCM #llmsecurity #AIcompliance #Frameworks https://lnkd.in/g4pRgV5W

Digital transformation is a process that turns every company into a functionally global one because the limitations previously posed on organizations become somewhat irrelevant. This poses regulatory problems for organizations that are not at a size where they can invest in legal expenditures, so a degree if risk management is granted by standardization of digital expectations across regions. #Innovation #DigitalTransformation #RiskManagement

There’s no downplaying the value AI can bring to your compliance program. But do you have a strategy for overcoming common obstacles to adoption? Our blog explores four key challenges and solutions for beating them. Check it out:

Join our upcoming webcast to discover how GenAI can be a game-changer for financial services institutions, boosting compliance and managing risks. Register and tune in to our webcast on March 14, 1:00 p.m. ET https://bit.ly/3OPlnDh * Identifying the core capabilities and real-world examples of applying GenAI to manage risk and improve compliance * Envisioning a secure Gen AI data and technology ecosystem and describing what it may look like * Determining strategies to employ while prioritizing GenAI projects * Realizing and measuring value from GenAI-enabled processes vs. manual ones, and discussing the accuracy of the models #fso #ey #financialservices #artificialntelligence