SEARCH

value chain functioning as efficiently as possible and it does this by means of cost reduction and operational You could say that both, Operational Excellence and Risk & Compliance Management are the guardrails that

requirements needed to satisfy the conditions by which a regulatory license is given for a company to operate In the same way that pursuing zero defects helps to drive operational excellence, vision zero helps organizations Effectiveness is best measured by the level of trust engendered needed to maintain a social license to operate However, without it many companies could not operate even when they have a regulatory license to do so increased measure of trust from their investors, shareholders, workers, and communities in which they operate

, AI providers, leaders, and evangelists claim that AI technology will transform any organization's operations What happens when your models degrade over time?

Ethical dilemmas are not considered, risk is not evaluated, and operational capabilities are not adjusted

Environmental Golden Thread – can serve to provide assurance that essential capabilities exist and are operational

resulting from change is one of the most important risk measures to introduce and continuously improve over However, its application is of value to all organizations looking to be more resilient with their operations removing waste, MOC programs help to remove sources of risk lowering the probability of safety incidents over

simplified here as four-stages: Creation - promises are specified, designed, implemented, and made operational Over time assets and promises tend to grow in complexity and cost. This will include operational risk.

This isn't about your customers; it's about your internal operations – the processes, systems, and the

often seen as a necessary evil – a set of rules and regulations that stifle innovation and bog down operations Learning and Proactive Culture: Foster open communication and encourage your organization to learn from Invest in training and empower open dialog and partnerships with all your stakeholders.

Why AI Is Different: AI presents unique risks because of its ability to operate with minimal human oversight

Risk moves further into operations Traditional as well as enterprise risk management has until recently However, the attention has now moved further into the operations of the business where the focus is on

This framework focused on operational policy as the means to bridge the gap between environmental intention make some commitment to the environment without needing to make significant changes to the way they operate assumption, a constraint, an outcome, or as a principle, Your choice will guide how your business will operate