Reading Time: 4:45 Apex predators reside at the top of their food chain and have few or no predators of their own. We introduced the notion of Apex Internet Predators (or apex predators for short) and “Amazonization” here.
AI and digital are now part of the fabric of business. CEOs need to deal with the existential threat from Internet-based upstarts. Focus on the second sentence.
For the price of maintaining vegetation, perhaps a garden and some strategically located fruit trees around the property, an AI hive might make an excellent augmentation to a security system…
he announcement from PG&E that the California utility will file for bankruptcy reminded me of a question posed a few years ago by the head of GM’s risk committee: “How do we manage strategic risks?”
Recently, some AI algorithms have been discovered to be “unpredictable” or “wild” and we are beginning to see that AI developers do not have as good a grasp on the situation as they thought they did.
Key takeaway Third party risk management is not just for suppliers, IT vendors and service providers. In many cases, subsidiaries or other organizations within your enterprise, and even well-known business customers should be brought into the third party management program. The problems at Deutsche Bank and Danske Bank reminded me of an inquiry I had…
