The cloud also is elastic, enabling companies to scale storage capacity and processing power, allowing companies to mine and analyze large and variable datasets without investing in massive on-premise IT infrastructure or compromising security.
Big Change #2: Dynamic Data from IoT & Social Media
Risk managers have traditionally collected and analyzed historical data to predict future risk exposure. But, time lags from data collection to aggregation and analysis have hampered decision-making. With the proliferation of sensor-equipped devices, like infrastructure sensors monitoring property integrity, risk operations are now empowered to monitor in real time the status of property, equipment and events that affect risk. IoT provides risk operations unprecedented agility to anticipate and respond to perilous events.
Social media is also an important tool for monitoring potential reputational, location-based, and safety risks. Integrating social media alerts about global, adverse events into a risk management system provides risk managers with another data source for providing the C-Suite with real-time perspectives on potential risk exposures.
The challenge for the C-suite now becomes data overload. The key is analyzing all this unstructured data, filtering out the “noise,” and converting impactful data into actionable insight.
Big Change #3: Big Data & Predictive Analytics
Today, companies monitor multiple data sources in real time (dynamic data), enabling faster, more informed decisions. To effectively unlock and use big data, companies must have predictive analytics. Predictive analytics applications that support risk management efforts include:
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
