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Tag: risk

Haiti Business Donations

Haiti Business Donations

We’ve all seen the disastrous consequences of the earthquake in Haiti and it’s nice seeing the response of individuals and communities doing their part and contributing donations and funds to the victims. The corporate world has also been chipping in and we’ve seen donations by Coca Cola and Bank of America of $1 million apiece. Donations by UPS, Walmart and other organisations are also contributing to this pile. Of course, it’s easy for the corporate world to appreciate the hardship…

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Protect your data

Protect your data

What’s the worst thing that can happen to your business? Well, for some organisations, the loss of data can be critical. If strategic information gets into the hands of your competitors, it could spell a fatal blow for your business. And if you have consultants in the field, you can be particularly exposed to this risk. So, how do you mitigate against this? Well, there are a number of companies that deal in computer protection like Alertsec who produce a…

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Real vs Perceived Risk

Real vs Perceived Risk

Image via Wikipedia Interesting post on Seth Godin‘s blog entitled Apparent Risk and Actual Risk which talks about how people can perceive situations as being more risky than they actually are, and sometimes end up choosing to go down more risky paths just because of this perception. So, what drives this perception. I put it down to two different factors. First of all, it’s easy to overlook certain factors when performing your personal “risk evaluation”. Assumptions and ignorance are the…

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Are we ready for the Cloud?

Are we ready for the Cloud?

Image by YoavShapira via Flickr Twitter is ablaze at the moment with people trying to figure out what’s up (or down) with Gmail, what work and what doesn’t and how long it’s going to remain the way. Outages happen, but when you store your entire email history somewhere out on the Internet and suddenly you can’t get access to them; well, people start talking. The whole problem with this is people start to doubt the effectiveness of Cloud Services. it…

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Insurance and Risk

Insurance and Risk

It’s interesting to note how many academic subjects end up being used in practical applications without most people being aware of what they’re actually doing. For example, you can look at subjects like mechanical engineering for example; where people who drive cars have no idea what’s going on beneath the bonnet. Another similar subject, is finance, particularly in the world of insurance. Insurance is really all about managing some sort of risk. The formal disciple, called risk management, has evolved…

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