Managing Business Risks Using Technology Recently, a team at AXA XL – a global insurance giant that specializes in cargo – was struggling to understand how external influences were adding risk to the process of insuring their customer’s products: specifically, the quality of the container cargo that their clients transported. Cargo loss was a significant […]
In a 2012 article by the New York Times, Gary King, director of Harvard’s Institute for Quantitative Social Science, made a bold prediction at the time when he said that “the march of quantification, made possible by enormous new sources of data, will sweep through academia, business and government. There is no area that is […]
Although the full effects of the pandemic are still unknown, it is never too early to start mapping out what the future might hold for our supply chains, and how to manage risk within them. Early research and analysis is encouraging, pointing towards companies across industries making major changes in the way they adapt supply chains to be more conscious of the known and unknown risks that they face.
Why is risk so hard to predict? What methods have companies tried in the past and why are they insufficient? What role can big data and artificial intelligence play?