Risks are simply potential problems. Preventing the problem is more superior to fixing issues.
The purpose of “100 Digital Pitfalls: How to Overcome Pitfalls on the Path of Going Digital” is to throw some light on how to identify, understand, and overcome common pitfalls on the digital journey, dig underneath the surface, and take a holistic approach to integrate both hard and soft elements for improving the long-term organizational competency and reaching the high-level of business maturity.
Interdictive-Intelligence
Interdictive With high velocity and frequent disruptions, you may not be able to foresee specific instances of futures, but you can imagine general classes and positions to define the landscape with its risks and opportunities, take a broad range of perspectives, shape or mitigate what could be occurring. The goal of the business foresight and forecast is about predicting what will happen and step further - what shall you do upon it; the interdictive analytics keeps you alert about what you should avoid doing. Prevention is superior to fixing.
Unfold It’s the beginning of the new year, it’s the time to perceive the future -vision is how you see the future unfolding, a foresight with a proactive understanding of cause and effect, a clear choice among future scenarios that advocates future trends. It sparks the imagination and opens the mind to new concepts and ideas. Business leaders today need to envision the future of business and craft a good enough strategy to sustain their vision and reach the destination smoothly.
Interdictive-prevention Due to fast-paced change, the exponential growth of information and continuous digital disruptions, opportunities and risks co-exist. Forward-looking organizations should manage them well and adapt to digital new normal for creating a winning digital dynamic. Risks are simply potential problems. Preventing the problem is more superior to fixing issues. It is supposed to be one of the main principles for problem management.
Ind-PRA Predictive Risk Analytics (PRA) intends to predict future events and gain foresight upon the potential business risks: What will happen? How to prevent the risks or what can be done to make business more resilient and well prepared for the possible disruptions. Key Risk Indicators (KRIs) involve metrics that move beyond upper- or lower thresholds or boundaries on plausible events within a business's value chain, that delve into deeper analysis of lead indicators of plausible events. More specifically, PRA and KRI have different focus, they are both valuable in managing corporate risk
Intelligence We live in an era, full of uncertainty, velocity, complexity, and ambiguity. The result is higher risks of conflict and inertia. Thus, organizations must have solid risk management disciplines, make objective assessments, develop a high-effective management framework, provide backup options, and make the transition from risk mitigation to risk intelligence - the accumulation of enough resources to thrive by capturing opportunities in it and adapting to the uncertainty and changes smoothly.
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