Managing your risks in adopting emerging technologies
The only constant is change. And constant change is everywhere. Right now.
While the pandemic hastened the growth and impact of emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Predictive Analytics (PA), the mass market introduction of generative AI, such as ChatGPT, has exponentially upended the order of things.
The corporate race in adopting emerging technologies is now on. There will be winners and there will be losers. Those that figure out how to adopt them responsibly and use them effectively will be the ones left standing.
Where will your organization be in the next 12 months?
In three years?
Or even five years from now?
Emerging Tech Enterprises (ETE) is at the cross-section of Enterprise Risk Management (ERM) and Emerging Technology. We advise organizations on how to successfully scale their business by leveraging innovation, digital transformation and risk for profit.
ETE devises robust strategies for:
Implementing good Governance, Risk and Compliance (GRC) practices
Meeting regulatory compliance
Building enterprise risk management frameworks
Some of the largest risks for most organizations in financial services, healthcare telecommunications, manufacturing, mining and energy are overcoming the dependency on legacy systems, establishing supporting business practices and mitigating cybersecurity threats.
However, the greatest risk to an organization is doing nothing.
The case for Enterprise Risk Management (ERM) and Emerging Technology:
35%
of Canadian organizations are experimenting with AI
5%
have developed an AI strategy
43%
have instituted responsible AI frameworks
69%
have not identified how they would apply AI
47%
don’t have internal expertise to validate AI
Source: KPMG in Canada
Incorrect, misleading and unreliable data will lead to incorrect, biased and poor business decision making.
As a trusted partner, Emerging Tech Enterprises will work with you to:
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Evaluate your data for accuracy, relevancy and overall quality
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Identify current, future and potential data gaps
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Assess the importance and security of data in your organization
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Develop a comprehensive governance plan that addresses data integrity, privacy, reliability, accountability and analytics
It’s clear that data has become the world’s most valuable resource. The challenge is using it to positively impact people’s lives and improve humanity.
Thus there’s a critical need for organizations to adopt effective, agile and responsible enterprise risk management frameworks that are able to continuously monitor, evaluate and evolve.
Emerging Tech Enterprises is proud to be associated with these leading organizations:
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Expect the extraordinary with ETE
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The GRC landscape of emerging technologies is continually evolving and shifting. Find out how Emerging Tech Enterprises can help your organization employ the critical factors for successful adoption and implementation.
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