and the next set of digital technologies, trends, opportunities and threats is creating yet another competitive frontier.
address longstanding challenges in value and risk management that could thwart digitalization, and replace pragmatic command and control with visionary leadership.
and the assurance of Gartner objectivity and independence. Executive programs equips CIOS and senior technology executives with the tools and insights they need to deliver exceptional business results for their organizations
Are you able to mitigate the risk of product decisions with the right partners, products, terms and pricing?
This is done in order to reduce the risk of false signals and to better forecast cycles in economic activities (Nilsson, 2000.
Endogenous weighting has the risk of substituting open experts'opinions with the analyst's manipulation of weights (through the constraints.
which indicates that public opinion about the main threats to the environment is remarkably stable across both space and time.
Qualitative Assurance in Multi-Criteria Analysis of Sustainability, forthcoming in Energy. 124 45. Girardin P.,Bockstaller C,
Big data to monitor risks and identify opportunities Another big trend that is further maturing in 2014 is the application of big data analytics and visualization to the domain of online payments.
this also limits the risk of the kind of reputation damages that go hand-in-hand with online fraud.
if they are pleased with the way your company threats them, they will keep coming back to you
Some people see the Asian invasion on the European market as a threat, and there are some good reasons for this,
"These firms need to combine a high level of technology competence with the ability to accept a high financial risk since new,
but also raises issues of risks and safety. Assessing safety impacts of nanostructured materials is complicated by the fact that traditional testing
Research and technological development in nanotechnology has to consider risk and safety issues seriously, and regulation needs to balance between considering health
and prioritising encironmental, health and safety (EHS) research that facilitates appropriate risk analysis and risk management in step with technological innovation.
PCAST recommended to expand outreach efforts to the wider public, particularly with respect to real and perceived benefits and risks;
to develop and implement standards critical for nanomaterial identification, characterisation and risk assessment; and to coordinate strategically-guided research on nanotechnology related EHS issues,
including a balanced assessment of risks and benefits. NNI is a policy initiative within a wider framework of policy activities to promote nanotechnology in the USA,
while technological and market risks are high and future returns not yet known. Public funding as well as a viable venture capital industry is critical to overcome financial barriers.
and information) perceived risk potentials are important activities here. Certainty about regulatory issues is also critical for nanotechnology producers to decide about investment and directions of future research.
In this situation, policy will have to compensate for this market failure in the financial market which results from a certain risk aversion and a rather short-term time horizon of the venture capital business.
Public programmes for risk assessment and risk control can reduce uncertainty about likely future impacts of nanotechnology
microelectronics, in contrast with bio-or nanotechnology, is not a radically new technology with potential health risks in need for regulation.
Also the nanoelectronics field does not seem to pose new health risks with production contained in highly controlled environments
However, they also provide stable employment for highly skilled people in the field that can take the risk to start own commercial ventures.
it is unlikely that microelectronics face a threat of substitution by another technology. At the same time, technology adoption can even be expected to increase in the future
a range of professional advisers and services (including biotechnology associations), a culture that respects risks,
This overregulation of biofuels generation is a threat for R&d activities in advanced biofuels and cellulosic ethanol. 62 Norms and values:
giving Universities rights on IP Patent law enhances commercialisation Improved FDA regulation speeds up process New regulations on carbon emissions threat to the industry Norms
photonics, in contrast with bio-or nanotechnology, is not a radically new technology with potential health risks in need for regulation.
R&d in advanced materials is associated with high costs and risks and long amortisation times for new materials.
and costs and risks of R&d are high while returns from sales of new products may be still out of sight.
This customisation of AMT reduces at the same time the risk that manufacturing technologies are copied easily by competitors
whereas some of the European clusters, for example the Berlin-Brandenburg photonics cluster, run the risk of staying‘stuck'in knowledge development and inter-firm collaboration between local smaller firms,
or a culture that discourages openness, creativity, innovation and risk taking (soft institutions). Capabilities in the fields of technology, organisation and marketing are also necessary for innovation to be successful (capabilities.
however, less acceptance of risk and failure, and cultural attitudes tend to be more egalitarian.
and risk and failure are considered part of that European Competitiveness in KETS ZEW and TNO EN 344error!
and high information asymmetries over the prospects and risks of KET-related R&d activities. As a consequence
-Although KETS are characterised by particularly high investment in R&d and high technological and market risks,
and risk taking, can be important activities, as well as a favourable financial environment, including tax incentives for R&d and investment in new technologies.
the leadership challenges could be perceived as either threats or opportunities. The authors are quite clear where they stand this is an opportunity for all stakeholders to take advantage of the benefits that these clusters Bring to help leaders develop successful businesses
Indeed, part of the risk that CIOS face on digital is that other business managers, or wholly new specialist roles,
and services, compared with just 50%of other CIOS. They show a much stronger appetite for risk
So is the CDO emerging as is often the case with a threat that could replace CIOS,
and those who are not are increasingly at risk. As more applications and infrastructure get moved to the cloud, IT leaders
and threats that digital transformation provides to their firms, they need to be a part of their executive management team.
decision-making in terms of corporate strategy Ensure compliance with 67%all regulatory requirements*75%68%Contribute to operational agility of business 66%59%Minimize possible risks 66%60
such as in seeking to minimize risks. IBM's global-local IT transformation Diego Calegari Spanish South american CIO Executive, IBM As might be expected of a leading technology brand,
It takes out risk. It takes out a lot of the variations. It gives us insight into new opportunities to cross-sell or up-sell,
Getting ahead in life often requires a willingness to take calculated risks, and this is particularly true for digital-ready CIOS. They need to be brave enough to take a bet on emerging technologies.
it's immediately a bigger risk for the business and thus gets closer scrutiny. Accordingly, digital-ready CIOS need to be willing to embrace this risk in developing a more digital business.
This involves a willingness to risk failure: understanding that not all digital projects will deliver as hoped.
As such, CIOS need to experiment widely to identify the biggest opportunities for the future. Digital CIOS need to be more innovative
but should determine not to be held back from taking risks by these issues. It is in their attitude to risk that typical CIOS often come unstuck.
Firms know that many CIOS are not typically the most flamboyant, outgoing, risk-taking types.
Finance, Risk & Compliance, Nedbank 2002 2003 General manager: Programme Integration, Nedbank 1996 2002 Assistant General manager, Nedbank 1988 1996 General manager, Small Business Development Corporation 1988 1996 General manager, Business Partners
across both functions and companies Be willing to take risks Widen your resume Tasks at a personal level Set up the right architectures for growth Get control of your data Set out the relevant standards Understand strategic alignment with the rest of the business Take a fast,
CIOS need to balance any new digital opportunities against their associated risks. While it may make a lot of sense to move email and CRM systems quickly to the cloud,
Born to be digital 41 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services.
-the risk propensity; 260-the provider's capacity for technical evaluation; -the provider's insertion on the innovation market.
Within Shared Services, Ireland has the potential to provide higherorder solutions to firms based on a strong competence in management and decision making capability, risk and regulatory management,
and Strategic Flood Risk Assessment. The enterprise agencies, IDA and EI are part of the Steering/Implementation Committee for the RPGS in the South East.
risk assessment, patent writing, IP services, legal research services etc. Contract Research Outsourcing Managing clinical trial processes, often across multi-sites and multi-jurisdictions.
evolving Risks Leveraged by infrastructure and processes Data security, IP leakage Target Economies of scale Domain expertise Depth not size Challenges Attrition, wage inflation Skills availability, regulatory limitations
Domain expertise (specific to a vertical sector), risk management, global partnership management, advanced technology and computing skills, analytics etc are increasingly relevant as the sector evolves toward knowledge intensive services.
the children are exposed to a higher risk of violence and domestic conflict, drug abuse, parental neglect,
%And if the risk of falling only decreases by 6, %the chances of hospitalization in case of a fall drop by 80%.3. More information at www. sielbleu. org. 4. Results published by INSERM accessible at http://sielbleu. org/Espace presse/Etudes/pdf/Synthèse
people seem to want to develop a new sense of assurance based in part on a re-appropriation of knowledge in the social sphere.
what are opportunities and threats, what knowledge already exists and why is it not being used yet,
when there is actual acceptance of risk and the commitment of resources occurs. A growing number of practitioners and researchers define innovation as any idea, practice,
successful implementation requires making significant systemic changes in a firm to promote risk. A strategy that focuses on innovation will also likely require some degree of flexibility in its organizational structure (Blumentritt and Danis 2006.
An SME that fails to continually invest in innovation places itself at greater risk of having products and services marginalized by technologically superior competitors.
reducing the country's vulnerability to commodity price fluctuations will require diversification into other sectors of the economy
These developments highlight its simultaneous resilience and vulnerability to global economic developments, with regional variations.
Identification of possible implementation risks; Real data for costs and benefits evaluation and decision process;
SSMART-Regional balancing, bottleneck management, risk management with SG roll out Accompanying activities: Energy21 initiative: Ministry of energy working group;
as well as averting the risks of misuses that inevitably accompany any step of human evolution. I am thankful to the authors for this startling journey into a nascent field
A main Internet trend-threat is recognised today: an increasing concentration of power in services in the hands of a few data aggregators, none of which are based in Europe (Google controlling nearly 82%of the global search market and 98%of the mobile search market,
For example, even the European Smart Cities project risks being dominated by US companies such as IBM, Google and Ciscos, partly because of the lack of alternatives.
A major risk for the Future Internet is the realisation of the‘Big brother'scenario, with big industrial players (mainly US-based) reinforcing their dominant position by implementing platform lock in strategies,
and by striking strategic alliances between the largest Over-The-Top (OTT) iand largest network operators, there is a risk that the innovation ecosystem will become more closed,
and offer more incentives for risk taking. Entrepreneurial knowledge involves much more than science and technology.
a regional development strategy may risk increasing vulnerability to changing economic conditions. Therefore it is crucial that the second principle of'relatedness'is taken also into consideration.
run the risk of autarky, and take a narrow view on the role of policy in the exercise.
stimulation of entrepreneurship/management of risk and uncertainty; market formation; mobilisation of resources; and legitimation.
the design of the RIS3 architecture needs to anticipate the risk of capture and make it more difficult for traditional groups to frustrate the process.
and risks associated with entrepreneurial search are shared and therefore do not become too prohibitive for the firm that is leading the search process.
Prioritisation always entails risks for those who have to select those few domains that, as a result, will get privileged access to public funding.
Such an open, participatory process, together with reliance on robust evidence based on regional assets, are the best guarantees to avoid both the risk of capture by interest groups
and the risk of lock in into traditional activities. Once the priorities are adopted it is important that the strategy is validated
Strategies that stop before this step run the risk of remaining unimplemented and/or not credible.
OECD 2011 58 Developing a RIS3 involves a degree of risk-taking, since there is always some uncertainty in the choice of priorities,
Test new or unconventional policy support approaches on a small scale before possible extension, limiting risk.
uncovering specific risk factors, such as the existence of a number of industries in need of modernisation or the dependence of the regional economy on a limited number of industries.
This implies, for instance, verifying that the vulnerability and capacity of adaptation of the regional innovation system have been
EU level debt instruments (guarantees/risk sharing: CIP-SMEG, RSFF, LGTT Risk Sharing Finance Facility (RSFF.
The Risk-Sharing Finance Facility (RSFF) aims to improve access to debt financing for promoters of research
and innovation investments by sharing the underlying risks between the EU and the EIB. Together, the European commission and the EIB are 113 http://ec. europa. eu/enterprise/policies/finance/cip-financial-instruments/index en. htm 114 http://www. margueritefund. eu
/99 providing up to EUR 2 billion (up to EUR 1 billion each) to support loans or guarantees supporting the priorities of the Seventh Framework Programme for RTD (FP7).
the Risk-Sharing Instrument (RSI), was launched at the end of 2011. It was operated by the EIF on behalf of the EIB
The Loan Guarantee Instrument for TEN-T projects partially covers this revenue risk and consequently improves the financial viability of such TEN-T projects. 117 Policy DG in charge:
in order to reduce their risk and increase their lending activities in favour of the sector. It amounts to EUR 8 million over the period 2010-2013.
1) a guarantee instrument to providers of micro-credit (i e. loans of up to EUR 25,000, in particular to vulnerable groups in risk of social exclusion, for the purpose of setting up small commercial operations;
The European Investment Fund provides financial intermediaries an integrated risk finance product range of SME finance initiatives,
Procurers tend to favour low cost, low risk, and off-the-shelf solutions once the (political) decision on what to buy and at
There are hardly any mechanisms to allow the pooling of risk and resources across countries and different administrations;
and by decreasing the potential innovation costs and financial risks through ERDF co-funding; The recognition of the procurement phase as strategic in public policy cycles, by associating procurement departments at an early stage in the definition of a project and of regional innovation strategies for smart growth;
There is a risk of it being hampered by insufficient knowledge, limited support of grass roots, social enterprise and social entrepreneurship activities
In this regard, it has a pivotal role in answering (together with private stakeholders and the civil society) today's major societal challenges such as demographic ageing, increased demand for healthcare services, risk
risk management and strategic planning with a view to obtaining a better access to the private capital markets,
and services as well as access to the financial facilities supported under Access to Risk Finance of this work programme. 6 For topic PHC-12-2014/2015,
or manage the higher risks resulting from international opening of the schemes. Financial incentives, for example co-funding a limited number of initial transnational cooperation projects with knowledge institutions,
and control and manage risk in a collaborative partnership. This will provide managers of small companies with hands-on guidelines on how to innovate and setup innovation networks.
This action is linked to an investment readiness measure (Call H2020-BIR-2014 in the Access to Risk Finance Work Programme
the prediction and management of pandemic threats and will help to fight antimicrobial resistance. The return on this investment will include new ways to prevent disease, better diagnostics and more effective therapies,
and prevent disease throughout the lifespan by tackling key issues (nutrition, physical activity, alcohol, drugs and tobacco consumption, environmental risks, accidents at work, in traffic or at home, etc.).
Protecting citizens from health threats: combat pandemics or biological incidents and address the threat of bioterrorism and climate change.
Supporting dynamic health systems and new technologies: e-health, genomics and biotechnologies revolutionise healthcare and health systems, lower costs and contribute to their future sustainability support and the shift from hospital care to prevention and better citizen-centred care.
and the Bioeconomy Fotolia. com Research and Innovation Managing food risk information in an online world Food scares can undermine consumer confidence,
million people are at risk of poverty and 14 million young people are not in education,
The project is developing countermeasures that detect signs of liveness (e g. blinking, perspiration) and improve security of biometric systems.
TABULA RASA has transferred already five of these countermeasures to companies. Knowledge gained will help improve the design of future biometric sensors,
http://www. tabularasa-euproject. org Localising bombs in urban areas Terrorist acts committed using Home Made Explosives (HME) pose an increasing threat to our citizens.
Our capacity to deal with this threat is challenged by terrorists'ability to easily manufacture explosives from common components.
1991). 3. 3. Innovation barriers The most frequently indicated barriers constraining innovation are financial lack of funds for innovation, too high risk of innovation projects, too expensive technology.
The actual composition varies, depending on risk, technological advance, and economic situation of the firm. This means that a newly established firm pursuing a high-risk and technologically ambitious innovation project will receive a higher percentage of the support in the form of grants.
In the past few years, guarantees have gained relative importance, the share of loans has decreased slightly, whereas the share of grants has remained rather constant.
, novelty, R&d risk, feasibility, functionality, technological upgrading) and economic (performance, marketing experience and perspectives, commercialization strategies) criteria with different weights.
lack of finance, too high risk consultancy, reduction of risk Technological effects: technical services, technical know-26.9 10.3 Technological problems:
and increasing the risk of collective failure at cluster level (Bathelt 2004: 155). This has consequences on cluster development,
The freeze of public funding in the second half of 2010 as well as the frequent changes in the structure of STI policy governance point however to some risks regarding the continuous policy commitment needed to further address these important challenges.
greenhouse gas emissions and a slight decrease in the share of population at risk of poverty (although with a negative evolution since the crisis started in 2008.
Share of population at risk of poverty or social exclusion(%:%32.1 31.4 29.4 28.2 29.6 29.9 31.0:-0. 6 24.2 23 23 (9) Country specific recommendation in R&i adopted by the Council in July 2012:‘
Share of population at risk of poverty or social exclusion(%:%32.1 31.4 29.4 28.2 29.6 29.9 31.0:-0. 6 24.2 23 23 (9) Source:
European competitiveness and prosperity would be at risk. 39 36 EEA Report No 1/2007:
Impostors, by minimising the risk of dealing with impostors or persons who attempt to escape responsibility by claiming to have been impersonated;
Message integrity, by minimising the risk of undetected message tampering and forgery, and of false claims that a message was altered after it was sent;
and will still be facing some challenges that need to be overcome as to lower implementation risks
The intention of the EU policy regarding the facilitation of using e-invoicing in business is to diminish the risk of such transactions by introducing some uniform rules regarding e-invoicing throughout the European union.
costly investments bear the risk of becoming ineffective. Thus, revisiting the two initially specified working hypotheses (see 4. 1. 1
avoiding duplicating task and minimising the risk of losing important data. The system allows eliminating existing duplicated processes
The competitive threat for domestic UK firms such as N c. Cammack & Son for whom 98%of business is in the UK,
costly investments bear the risk of becoming ineffective. IT practitioners. Interviewed SMES often lack a coherent ICT investment strategy
Moving about It is estimated that one in three people aged over 65 is at risk of falling going up to one in two for those over 80.
including a real risk of fatality. Technology permits the development of solutions which enable the elderly
The objective is to deliver by 2015 across the EU evidence based validated and operational programmes for prevention, early identification and minimisation of risk,
not only benefits but also carries risks. Only 12%of European web users feel completely safe making online transactions. 38%of users had concerns with the safety of online payments
IT networks and end users'terminals still remain vulnerable to a wide range of evolving threats (lack of privacy, loss of data, malfunctioning of the network due to a cyberattack.
It must be resilient and secure against all sorts of threats. Strong cooperation between EU governments, public bodies and private companies is necessary to improve information exchange
To react to threats in real-time conditions, the European commission will establish a network of Computer emergency response teams (CERTS),
also for European institutions. fight against cybercrime and cyberattacks attacks against information systems are a growing threat,
by strengthening cross-border cooperation and information exchange. trust in technology 74%of EU Internet users in 2012 think that the risk of becoming a victim of cybercrime has increased in the past year.
We are facing an asymmetrical threat; unless addressed, this asymmetrical threat will have locked the defenders into a vicious cycle:
chasing after attackers without ever being able to catch up. The Project Syssec's objective is to be proactive instead of being reactive to cyber attacks.
Instead of cleaning up after existing (or past) attacks, they will work on predicting threats and vulnerabilities,
and build the defence before threats materialise. Syssec will create a Network of Excellence in the field of Systems Security for Europe to play a leading role in changing the rules of the game.
and to engage a think-tank in discovering the threats and vulnerabilities of the Current and Future Internet;
2010-2014 36 not only today's threats, but also those of tomorrow. DEMONS's objective is to realise this infrastructure by applying novel distributed systems technologies and leveraging their native scalability and fault tolerance characteristics.
propose countermeasures such as combining biometric information from multiple sources; examine novel biometrics that may be inherently robust to direct attacks. http://www. tabularasa-euproject. org/Funded by the Seventh Framework Programme (FP7) Duration:
solving, and sharing information on mitigation of new threats and vulnerabilities. A platform will be constructed for creating
(2) risk of use due to a lack of robustness of the technology under particular conditions, like in specific weather (environmental conditions and in interference with other electronic systems,
Patient safety (reduced risk of patient harm. Quality of care (effectiveness and efficiency of care service provision) A number of key technologies were identified as proven catalysts to significant healthcare improvement,
identify at-risk patients, and review the performance of individual physicians. Business intelligence and in particular Data mining are useful tools in the detection of outbreaks when used for the real time detection of infection trends within hospitals.
and the hospital faced significant risk with written off debt. The claims office were constantly fielding calls from consultants seeking updates on claims relevant to their patients.
i e. the information follows the patient Assurance that all hospital treatments, procedures, medication, management plans, investigations are fully available
and safety threats as the patient is far from healthcare providers, and it becomes simpler to collect, store,
The flexibility of SMES, their simple organizational structure, their low risk and receptivity are the essential features facilitating them to be innovative (Harrison and Watson 1998.
and risks associated with manual claims processing. In Australia, for example, electronic claiming over the internet has been available
providers investing in technological infrastructure face high risks of failure and poor returns. The ability to share information (interoperability) is also entirely dependent on the adoption of common standards and compliance with them. 3. Concerns about privacy and confidentiality:
or sharing the financial risk, and providing much more robust evidence on the advantages of health ICT can,
Tools that include alerts on a patient's potentially serious health condition or risk, and facilitate communication between providers have been cited as providing substantial benefits in health outcomes (Bates et al.,
providers investing in technological infrastructure face high risks of failure and poor returns. The ability to share information (interoperability) is also entirely dependent on the adoption of common standards and compliance with them.
because the physician does not bear the financial risk, the decision to finance and adopt ICT,
and the current risk-averse culture, public and private payers cannot simply rely on physicians willingness to pay for ICTS.
In so doing, they should give careful consideration to the possibility of sharing some of the risks and potential savings with health care providers.
2) clinical requirements (e g. reliability of patient records, and risk management. 2. 5. Lack of commonly defined and consistently implemented standards plagues interoperability Although,
there is no assurance that this information will be conveyed reliably across different vendor systems or enterprises. Given these problems along with the changes in the marketplace and the proliferation of proprietary ICT tools,
by shifting or sharing financial risk, can therefore be expected to speed up ICT adoption. Not surprisingly, the range of financial incentives used in the various case study countries is broad,
part of the reimbursement or fees paid to the care provider is at risk. 76 CHAPTER 3. ALIGNING INCENTIVES WITH HEALTH SYSTEM PRIORITIES IMPROVING HEALTH SECTOR EFFICIENCY:
Potential further widening of this gap through loss of productivity during the early implementation stages carries a risk that EHR will not be adopted.
therefore, taking on a substantial share of the financial risk. This level of government intervention also reflects the public good nature of the initiative.
Partnerships lower the intervention costs (and risks) for any one health care organisation and increases the likelihood of effectiveness and sustainability of interventions.
Among the various instruments available to governments, certification helps mitigate risks and increases the confidence of users that the purchased systems will indeed provide required capabilities (e g. ensuring security
and simultaneously reduce the risks facing health ICT purchasers, thus acting as a two-stroke catalyst to accelerate adoption.
Reducing the risk of data loss in physician offices caused by human, hardware or software failure.
the risk increases that stigmatising disclosures could affect areas such as employment status, access to health insurance and other forms of insurance,
Both approaches have risks and benefits. The MAEHC decided to use a global opt-in approach for patient participation in the HIE.
The risk that large numbers of patients would refuse to opt in had been an issue in other countries (e g. the United kingdom
Reduction in the risk of clinical errors through improved legibility and reduced double-entry of patient information.
which was previously unavailable tissue plasminogen activator (tpa) within the first three hours after onset of symptoms can effectively reduce the risk of death and severe disability).
run the risk of a loss. A migration to an ASP was recommended, therefore. Use of the WDH,
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