Blog algorithmic audit of companies and organizations
International business in modern realities resembles navigating the open sea during a storm. When a company goes beyond the borders of one country, it comes under the purview of several legal systems at once. Entrepreneurs often assume that any disagreements with foreign partners or government authorities can be resolved within the framework of civil law; however, in practice, commercial disputes …
In 2026, the global security system fully transitioned to automation. The digitalization of law enforcement agencies led to the creation of an environment that experts call algorithmic surveillance. Whereas previously information about international searches was processed by humans over the course of weeks, today neural networks and automated databases respond to Interpol notifications instantly. For businesses and individuals operating in …
The COVID-19 pandemic has tested the maturity of risk management systems. Scenarios of mass quarantines, logistics disruptions, and simultaneous disruptions in supply and demand existed in reports from the WHO, the World Bank, and insurance groups long before 2020. The problem wasn’t a lack of information, but rather a failure to recognize it as an operational risk. Companies planned for …
Neither the pandemic, nor the climate crisis, nor geopolitical conflicts are anymore viewed as “black swans.” Over the past five years, they have evolved into recurring, intersecting, and mutually reinforcing risk factors. Companies, states, and markets are confronted with a new reality: threats no longer exist in isolation. They overlap, accelerate, and impact multiple fronts simultaneously—supply chains, financial flows, human …
The mining industry, long considered the backbone of industrial progress, faces an evolving landscape of challenges. From fluctuating commodity prices to stringent environmental regulations and complex operational hazards, mining companies must navigate a minefield of risks. In this high-stakes environment, the integration of big data and advanced algorithms has emerged as a game-changer, offering unprecedented capabilities for risk management. The …
Traditionally, risk management relied heavily on intuition, experience, and historical data. However, with the rise of big data and advanced analytics, businesses are shifting towards a more data-driven approach. By leveraging vast amounts of real-time data and powerful analytical tools, organizations can make better-informed decisions, identify risks sooner, and respond more effectively. This shift from traditional methods to data-driven decision-making …
In today’s world, many industries rely on automated systems to make important decisions, and the bookmaking industry is no different. Bookmakers use algorithms to set betting odds, calculate payouts, and manage risk. Companies have started using algorithmic audits to ensure these systems are fair and accurate. These audits help check whether the algorithms work correctly and treat customers fairly. Italy …
It’s imperative for companies, notably those in the financial sector, to recognize and handle their inclination towards risk. The resilience of a business to risk, ensuring it doesn’t compromise its core functions and goals, is a core principle.However, recognizing one’s risk inclination is merely the starting point. The true task lies in staying within predetermined limits. Clarifying Concepts: Risk Propensity …
To remain competitive in this swiftly shifting landscape, business leaders recognize the importance of developing more robust enterprise risk management (ERM) frameworks. Interconnected hazards play a central role in today’s risk environment, which businesses must navigate. To address these challenges effectively, it’s crucial to stay updated on risk management (RM) trends in 2023. Consequently, organizations adjust to weather the storm, …
Bankers can utilize KRIs to identify and monitor emerging threats, gauge the efficacy of risk control measures, and make informed decisions to mitigate them. By tracking and analyzing KRIs, bankers can shield their institutions from financial setbacks and reputation damages. Principal Risk Indicators for Bankers in 2023 The primary categories of Key Risk Indicators (KRIs) for bankers in 2023 are: …