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Musings by the Tao Of Risk

AI and the Future of Risk Management

artificial intelligence robot ai courtesy of Learn.org

Artificial Intelligence (AI) and other disruptive technologies such as the Internet of Things (IOT) present significant challenges for risk practitioners and those responsible for organizational governance. AI and IOT are driving technology innovation at unprecedented levels. The rate of change as well as the degree of change are occurring faster that we have ever seen before.

The dramatic rate of change is best illustrated by Buckminster Fuller’s knowledge doubling curve. Buckminster Fuller was an American futurist, prominent author, and university professor.  Fuller developed the knowledge doubling curve in the 1980s to illustrate how the collective knowledge of humankind was changing. Knowledge is defined as information and skills acquired through experience or education and Fuller’s knowledge doubling curve is intended to measure the knowledge rate of change in the modern world. Fuller determined that knowledge doubled every century until 1900.

Bi-modal Risk Management (BRM)

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This is an update to my new writing project.  Bi-modal Risk Management (BRM) recognizes that we must preserve the value we have already created but at the same time seek to create new value.  My new book illustrates how risk practitioners can use new technologies like artificial intelligence (AI), deep learning, or the Internat of Things (IOT) to create value.  Check back here and follow me on Twitter (@TaoOfRisk) for updates over the coming months as I finalize the manuscript and publish the book.  

Speaking at the RIMS 2018 Annual Conference!

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RIMS 2018 is
almost here!
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Please join me and my colleague Jeff Verner at RIMS2018 for our session "Robots and Risk Management".  

Today we are on the verge of a technologic explosion driven by disruptive technologies such as technology robots, artificial intelligence (AI), Internet of Things (IoT), deep learning, and Big Data. These disruptive technologies are rapidly and dramatically altering the world we live in; pushing the pace of technological evolution to warp speed. The rate of change driven by disruptive technologies require that we fundamentally change the way we think about risk management. Disruptive technologies present countless opportunities for risk practitioners to create value instead of simply preserving value through organizational and regulatory compliance. 

New Writing Project

Bimodal Risk Management - A Survival Guide for the Future

I have started my next writing project that presents a risk management approach to help people and organizations cope with the massive technologic change we are facing today. Today we are on the verge of a technologic explosion fueled by artificial intelligence (AI), Internet of Things (IoT), deep learning, Big Data,  technology robots, and other disruptive technologies.  These disruptivie technologies are rapidly and dramatically altering the world we live in; pushing the pace of technological evolution to warp speed. 

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