Continuing from our last week’s blog that described the big data breach at Equifax, this blog write-up attempts to shed light on how a data breach in any vendor firm in the service chain affects individual firms and the financial service industry as a whole. How loss of customer information affects financial services? One of […]
“Creating a better world requires teamwork, partnerships, and collaboration, as we need an entire army of companies to work together to build a better world within the next few decades” – Simon Mainwaring, Branding Consultant, Advertising Creative Director, and Social Media Specialist Every organization has diverse set of qualities. They have certain agenda, priorities, values […]
It might sound like something out of a science fiction novel, but a world full of Artificial Intelligence (AI) and robots is not right around the corner, it’s here. In many industries, it is an everyday reality. The pace of AI development is astounding. Google project robots will reach levels of human intelligence by 2029, […]
‘Analysis’ – the word is pretty self-explanatory and reminds me of the interaction I had with one of my professors at school back in 1998. We were in a deep conversation in regards to the efforts and transformation that a progressive economy puts in to be transformed into a better and a strong economy. The […]
Recurring hidden costs pose one of the greatest challenges of risk management when it comes to outsourcing of services. Outsourcing (offshore and nearshore) is known to save, in some instances, up to 80% of costs; however, this is seldom the case. There are six key hidden costs when it comes to outsourcing. The knowledge of […]
Over the years, corruption has become a rising menace that its effect is rampant throughout our society. Recently, this issue created headlines across several countries such as India, Mexico, and China who have been struggling to combat corruption. Charles Caleb Colton once said: “Corruption is like a ball of snow, once it is set rolling, […]
“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.”– Lee Kuan Yew, Former Prime Minister of Singapore Outsourcing has become an extremely popular business formula in the highly competitive world, over the past decade. It is a business strategy, through which an organization contracts out key tasks to […]