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What is Operational Risk?

Operational risk refers to the risk of loss resulting from inadequate or failed internal processes, people, systems, or external events. It is the risk of disruption, financial loss, or damage to reputation that arises from operational failures within an organization. Operational risks can manifest in various ways and impact different areas of an organization, including: Internal Processes: Inefficient or flawed internal processes, such as errors… Read More »What is Operational Risk?

What is Digital Transformation?

Digital transformation refers to the process of leveraging digital technologies to fundamentally change how businesses operate, deliver value to customers, and adapt to the evolving market landscape. It involves adopting and integrating digital technologies, such as cloud computing, data analytics, artificial intelligence, the Internet of Things (IoT), and automation, into various aspects of an organization’s operations, processes, and business models. The goal of digital transformation is to… Read More »What is Digital Transformation?