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  • Blog
    December 20, 2017
    Is Servitization Manufacturing's Future? For Many, the Answer Is Yes.
    Many manufacturers see “servitization” — the process of moving from a product-centric business model to a bundled product-and-service one — as an inevitable future shift for their organization. What they often have difficulty visualizing, though, is when and how to make that move, and how long they may need to wait before they see a return on their investment from this new strategy. The latter…
  • Blog
    December 22, 2017
    Top Risks for 2018: Disruptive Innovation, Resistance to Change
    Having had a year to digest the aftermath of the U.S. election-driven economic, global trade, regulatory and other jitters that may have skewed the global risk outlook for 2017, executive perspectives on the top risks for 2018 have refocused on technology-driven change, and how well organizations are prepared to manage that transformation. Earlier this month, Protiviti and North Carolina State…
  • Blog
    January 8, 2018
    Perception vs Reality: What Is Procurement's True Value When It Comes to Savings?
    In Protiviti's Procurement Survey, conducted in the first quarter of last year, two findings stood out: Half of finance function respondents reported that only 20 percent of the savings procurement claims to achieve fall to the bottom line, and Only one-third of respondents, from both finance and procurement, agreed that there was a collaborative relationship between the two functions.…
  • Blog
    January 9, 2018
    Security Advisory: Meltdown and Spectre – Processor Flaws Expose Networks to New Class of Vulnerabilities
    Security researchers have identified a flaw, present in most computer processors, that allows unauthorized disclosure of information. The flaw, which affects most major processor manufacturers, is the first known instance of a security vulnerability at the processor level, and could be exploited in servers, workstations (including laptops), network infrastructure, mobile devices, IoT devices and…
  • Blog
    January 12, 2018
    The Current State of Internal Audit Data Analytics
    The explosion in the use of digital channels and the data they produce have caused a corresponding rise in the use of data analytics by the risk management and internal audit functions within financial services firms seeking to streamline their processes to gain efficiency and adopt a more agile approach to risk management. The internal audit function has been using data analytics for some time…
  • Blog
    January 19, 2018
    ERM: A Tool for Risk-Informed Strategic Planning and Decision Making
    At the end of last year, Protiviti conducted a webinar, Deriving Value from the Updated COSO ERM Framework. I had the pleasure of hosting the webinar, along with my colleagues: Dolores Atallo, a Managing Director in the Risk and Compliance practice, Jim DeLoach, Managing Director and member of the COSO Advisory Council (and host of this blog), and Bob Hirth, Senior Managing Director and COSO…
  • Blog
    January 24, 2018
    Innovation with a Capital “C” – Culture Concerns Climb for Technology, Media and Communications Companies in 2018
    Amid growing pressure to meet or surpass the speed of disruptive innovation, executives and directors of technology, media and communications (TMC) companies worry that their organizations’ desire to innovate may outrun their ability to properly manage risks. This culture concern and a deepening fear of obsolescence were key takeaways for the TMC industry group responses in a recent survey,…
  • Blog
    January 25, 2018
    Want to Increase User Adoption? Try This Simple FRA2MEwork
    For as long as Business Intelligence (BI) has existed, organizations have made significant investments in high-performing platforms – only to find no one will use the solution. Why? For one, end users cannot find information quickly, or at all. Two, the information they do find isn’t relevant. Three, they expect their BI systems to work as effortlessly as popular search engines and social media,…
  • Blog
    January 26, 2018
    Five Ways Technology, Media and Communications Companies Are Using RPA and AI to Save Money and Improve the Customer Experience
    Just as mechanical robots revolutionized assembly lines in the 1960s, robotic process automation (RPA) is revolutionizing office work. Any rules-based repetitive task can be handled faster, cheaper and more accurately by a software robot, and advances in artificial intelligence (AI) promise to increase this robotic productivity exponentially in the future. RPA is a tool that allows employees to…
  • Blog
    January 29, 2018
    Tech-tonic Shift: PreView Examines Seismic Risks Wrought by Technology
    In October 2017, Saudi Arabia granted citizenship to a robot with facial features designed to look like the late British actress and humanitarian, Audrey Hepburn. The largely ceremonial gesture made the humanoid, named Sophia, the world’s first robot to be granted legal rights. Advances in artificial intelligence (AI), and technology in general, are coming at an increasing rate, creating far-…
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