In the modern world, everything is connected and risk is the common link.
Emerging technologies and new commerce models have transformed how businesses operate. Companies like Uber, AirBnB, Lyft, and Peapod are among the companies that have upended traditional business models. Customers can get a ride, book a hotel, and order groceries with just the push of a button. But with this convenience comes plenty of risk, says Steven Minsky, CEO of LogicManager, a provider of risk management platforms and mentoring services. The rise of peer-to-peer networks, for example, put businesses directly in contact with the consumer, but also amplify traditional risks and add new threats to the mix.
We spoke to Minsky following IMPACT 2016, LogicManager’s customer conference, held this year in Boston. Among the topics discussed at the event were the risks inherent with emerging technologies and the evolving sharing economy. How can companies balance innovation with risk mitigation?... To get the full story, subscribe now.