Google trends show that the level of creation in business intelligence data has slowed over the last five years and that there is a sudden upswing in what industry calls “big data.” Big data is an aggregate of structured business intelligence data combined with available unstructured data from places like social media outlets, online articles, customer ratings and scoring mechanisms such as Amazon’s rating system. Big data has become a new tool in the toolbox of corporate risk executives for determining the factors that might jeopardize the success and security of a company and its products and services.
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Author Archives: greg
#66 – AN APPROACH TO EVALUATE AND MANAGE SUPPLY CHAIN RISK – DAVID ACHESON AND JENNIFER MCENTIRE
In today’s food and beverage industry, everyone has a supply chain that they rely on. And with that comes risk. You may be staking your brand reputation on the quality and safety of products or ingredients you are sourcing from somewhere that is not under your direct control. In short, you are relying on someone else to do things right, and inheriting risk if they don’t. Congress recognized that sometimes you rely on suppliers to control risk, which puts supplier management into the bucket of a “preventive control” and thus part of the Food Safety Modernization Act. Continue reading
#66 – BASICS: DOCUMENTING A REAL QMS – T. DAN NELSON
Using ISO parlance, a management system is designed to achieve objectives. In the case of a quality management system (QMS) the most basic objective is to succeed by satisfying customers. A QMS is a system designed to satisfy customers by providing them with timely, quality products and services. Continue reading
#66 – WHEN I’M 64 – RISKS OF AGING – UMBERTO TUNESI
Depending on God’s will, I’ll be sixty four next year.
Looking at what happened in the last seventy years or so, after the end of World War II, there have been dramatic changes in every aspect of human life and there will be similar changes in the next years to come, or perhaps less dramatic. Trends “invariably vary”, if there’s one thing about predictability is that’s unpredictable. Continue reading
#66 – #1 FEAR OF ALL PARENTS? – GREG HUTCHINS
What do you think the #1 fear of all parents is?
Cancer? Going broke? Losing a job? Losing a house?
I think the #1 fear of all parents regardless if they’re in Bangladesh, Costa Rica, or India is:
Is my kid going to get a good job? Continue reading