Part I of II When companies suffer a cyber incident, they often look to their insurance policy for coverage to help mitigate financial exposure. Additional external resources also help the insured get back to normal operations. Part I of this series poses several questions to assist insureds or policyholders in thinking through the common issues. Part II will present some strategies to help organizations further reduce their risk posture. Introduction Cyber risk is now a normal part of our personal and professional lives. When companies suffer a cyber incident, they often look to their insurance policy for coverage to help…
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in Business Valuations The advent of ChatGPT and its other AI apps has come to the forefront. This is potentially disruptive technology that will raise uncomfortable issues, but also open the door to innovation and new industries. AI will impact how business valuations are performed and the role of accredited professionals. This article discusses how AI and machine learning could impact the business valuation profession. Is knowledge power? Artificial intelligence (AI) refers to using computers, IT systems, and technologies and their abilities to perform tasks that naturally require human intelligence, i.e., simulated cognitive, critical thinking, and reasoning capabilities. How does…
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At Flint Hills Resources, robotic process automation is supercharging, not eliminating, finance professionals. The Koch Industries subsidiary shows us how. To read the full article in Financial Management, click: Empowering the Human Element in Automation.
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Seemingly overnight, the internet of things (IoT) has become a technology buzzword, challenging businesses to embrace a technology in its infancy before they can firmly grasp the pitfalls and opportunities involved. Sylvia Edwards Davis explains this concept and what to do to propel your business forward. To read the full article in CGMA, click: How to Stay Ahead of the IoT Curve.
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How CIOs and CFOs Can Find Common Ground In many organizations, chief information officers and CFOs are at odds, and their interactions are strained by misunderstandings. Bryan Mueller, principal consultant at ISG, discusses ways to overcome this disconnect, and CFOs can help by promoting cost transparency, hiring the right staff, and building an effective planning process. To read the full article in CFO, click: The CFO-CIO Relationship: Bridging the Gap.