Lots of people hear the terms compliance and risk management and assume the two terms are the same. While there is overlap between the two, it’s important to know the differences so you can assure your company is using each
Is risk management taking a back seat to compliance? Risk management frameworks are often seen as a lower priority than the specific activities associated with compliance. In a busy commercial environment, it is easy to focus on complying with rules
The modern world is shaped by the dynamic nature of industrial shifts and technological revolutions. Globalization has presented industries with numerous new channels to explore and expand into. But on the flip side of this paradigm, we also see increased pressure and scrutiny on company’s directors to stay on top
COVER STORY Iron Bow Health- Makes everyone AWARE The telemedicine sector is changing and has seen significant improvements. What now stands at 25.4 billion USD is expected to grow till 55.6 billion USD in the coming times, mostly in the next five years. The huge distribution has played an important
Globalization presents risks and opportunities, both of which can have significant impact on business performance. Given the pace of change in innovation, the ever-evolving complexities within the risk, governance, and compliance landscape, plus the inherent supply chain risks that stem from our global economy, organizations today need both agility and
The world of veterinary medicine has significantly smaller margins than human medicine. Companies within this sector have to be tremendously cost effective in order to meaningful contribute to veterinary operations. Innovations in technology and internet accessibilty have created opportunities for some software companies to make a meaningful impact in the
The 21st century opened with a slew of “unprecedented” events crash, 9/11, the financial crisis of 2008, SARS, Eboli, BREXIT, and COVID-19 to name a few. So many that one has to wonder if “unprecedented” is the new normal. This
Traditional Risk Management (TRM) is comparable to a very complex puzzle with many pieces that have many connections and relationships. The industry norm/tendency is to jump into the middle of the puzzle and start working. The problem is that TRM
Embracing foundational principles of Enterprise Risk Management (ERM) will be one of the most powerful things an organization can do to put structure to its success. ERM is a “Risk Based” approach to operating your business that applies logic to
The value-based care initiative ushered a fundamental push for healthcare providers to satisfy requirements for meaningful use incentives and HIT vendors’ to offer software focused on the interoperability of health information. At that point in time, pitfalls around the actual
For me, it started with a simple question: “Why is it that sales organizations, the very heart of every growth company, are not as well served with technology as their counterparts in Finance, Human Resources, Marketing, Manufacturing and Operations?” I
The enterprise tech world is evolving with newer ambitions. While the wings of innovation are spreading to newer skies, the technologists are finding it hard to play catch-up and are making sure they are in tune with the technology juggernaut. CIOCoverage aims to bridge this very gap that exists between the tech-savvy where he rests, in the very heart of it. Awakening a keen insight in you to move along the flow, CIOCoverage works to make the entrepreneurs, versatile to the sturdy technological influences.
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