Being someone who works on innovation as the GRC Strategist - risk is something that I think about daily. Of course, you need need to be prudent and make sure that you've documented. All the known risks and have a plan and how to mitigate them. For example, you should patch your software when the vendor tells you there is an issue.
But how could drone inventors possibly think about the risk formula about the impact and likelihood of eagles tearing up your drone?
It's a good illustration of how innovation requires taking risks of which you will only encounter when actually deploying innovation into the real world. They're just some things that literally will fall out of the sky that you didn't think of and a workaround will need to be designed after the fact.
Author: Malik Datardina, CPA, CA, CISA. Malik works at Auvenir as a GRC Strategist that is working to transform the engagement experience for accounting firms and their clients. The opinions expressed here do not necessarily represent UWCISA, UW, Auvenir (or its affiliates), CPA Canada or anyone else
It's a good illustration of how innovation requires taking risks of which you will only encounter when actually deploying innovation into the real world. They're just some things that literally will fall out of the sky that you didn't think of and a workaround will need to be designed after the fact.
Author: Malik Datardina, CPA, CA, CISA. Malik works at Auvenir as a GRC Strategist that is working to transform the engagement experience for accounting firms and their clients. The opinions expressed here do not necessarily represent UWCISA, UW, Auvenir (or its affiliates), CPA Canada or anyone else
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