Risk Management v4.0! how the Fourth Industrial Revolution is - - PowerPoint PPT Presentation
Risk Management v4.0! how the Fourth Industrial Revolution is expected to Risk 4.0! 2020 shape the future of Risk Management Introductions Key Speaker - Warren Black Founder & Principal of Complexus Risk 4.0! 2020 Hosted by
Risk 4.0! – 2020
…how the Fourth Industrial Revolution is expected to shape the future of Risk Management
Risk 4.0! – 2020
Key Speaker - Warren Black
Founder & Principal of Complexus
Hosted by Steve Higginson
Head Customer & Distribution, Swiss Re Corporate Solutions
Risk 4.0! – 2020
Risk 4.0! – 2020
During e a c h Re vo lutio n, the a c c e pte d thinking & wo rking me tho ds o f the da y c ha ng e d so ra dic a lly tha t the y no w re pre se nt a me a sura b le g ro wth spurt in huma n e vo lutio n
Steam Revolution (Late 1700’s)
Mechanisation, factories, steam plants, steam ships, steam trains, early globalisation
Electricity Revolution (Early 1900’s)
Accessible power, lighting, motors, refrigeration, assembly lines, mass production
Computer Revolution (Late 1900’s)
Personal computers, programming, data, automation, electronics, internet, e-commerce, Email, MS Windows
Technology Revolution (2016 >)
Cyber systems, Smart technologies, big data, advanced analytics, artificial intelligence, autonomous machines
1st 2nd 3rd 4th
Risk 4.0! – 2020
www.ourworldindata.org
Risk 4.0! – 2020
T he world is a t a c ross roa ds…
T he future c o mb ina tio n o f b ig data, smart te c hno lo g ie s a nd inte g rate d c yb e r syste ms is g o ing to tra nsfo rm
la us Sc hwa b (2019) F
Wo rld E c o no mic F
Risk 4.0! – 2020
Risk 4.0! – 2020
E xpe c te d a dva nc e s in da ta g a the ring de vic e s, inte llig e nt a na lytic s, q ua ntum c o mputing a nd info rma tio n sha ring ne two rks me a n tha t we a re ra pidly tra nsfo rming into a “Dig ita l E a rth” Co nside r a n a b so lute g lo b a l ne two rk
Ho me s, Smart Offic e s, Smart Mac hine s, Smart De vic e s a nd the like - a ll g a the ring , sha ring a nd re spo nding to re a l time da ta a s a c o lle c tive
SMART
Re spo nding T e c hno lo g ie s
Risk 4.0! – 2020
E xpe c te d a dva nc e s in Sma rt te c hno lo g ie s, a ndro id me c ha nic s, c o mpo site ma te ria ls a nd na no - te c hno lo g ie s will e nsure tha t a uto no mo us ma c hine s g e t sma rte r, sma lle r, lig hte r a nd q uie te r We sho uld in turn e xpe rie nc e c o lo ssa l le a ps in the c o ntrib uting ro le o f inte llig e nt, a uto no mo us ma c hine s within o ur future so c ie ty
Risk 4.0! – 2020
E xpe c te d a dva nc e s in b io te c hno lo g ie s, ne uro te c hno lo g ie s, o rg a nic c lo ning , ro b o tic s a nd 3D printing me a ns tha t it is
first Cyb o rg Huma ns with e nha nc e d physic a l & a na lytic a l c a pa b ilitie s I n turn, huma ns no w risk b e c o ming so de pe nda nt o n te c hno lo g y tha t o ur spe c ie s b e c o me s vulne ra b le to the a b se nc e o f te c hno lo g y
Risk 4.0! – 2020
Sma rt T e c hno lo g ie s Auto no mo us Ma c hine s Cyb o rg E vo lutio n
Any sing le o ne o f the se ha s the po te ntia l to re vo lutio nise o ur wo rking wo rld, b ut a ll thre e a t the sa me time ? T he F
ndustria l Re vo lutio n thus c o uld just a s e a sily a c c e le ra te o ur spe c ie s a s it c o uld e nd it
Risk 4.0! – 2020
Risk 4.0! – 2020
Obvious Control Area #1
Cybe r should r e volutionise e ve r y aspe c t
isk manage me nt value c hain
Ric h, re a l-time da ta suppo rte d b y so phistic a te d a na lytic s a nd c o mple x info rma tio n sha ring ne two rks ha s a n unlimite d po te ntia l to a dva nc e ho w we visualise , do c ume nt, asse ss, tre at, mo nito r a nd re po rt risks
Risk 4.0! – 2020
Obvious Control Area #2
T he fac t is our wor king wor ld is not ge tting any simple r , only mor e and mor e syste mic ally c omple x
Co nside ring ho w I ndustry 4.0 will b e e na b le d b y a n unlimite d numb e r o f c o mple x-inte g ra te d c yb e r syste ms it is ha rd to pic ture a ve rsio n o f Risk 4.0 whe re b y c o mple xity manag e me nt & syste ms thinking a re no t a c o re c a pa b ility re q uire me nt
Risk 4.0! – 2020
Obvious Control Area #3
Re silie nc e is the ability to r e spond inte llige ntly to e nvir
I n a wo rking wo rld e xpe rie nc ing e ve r inc re a sing vo lume s & fre q ue nc ie s o f disruptive c ha ng e s; mo de rn
na tura l immunity to ra pidly e me rg ing te c hno lo g ie s, c o mpe tito r a dva nc e s, c usto me r shifts, ma rke t sho c ks, disa ste rs a nd e ve n de lib e ra te a tta c ks
Risk 4.0! – 2020
(aka future proofing our profession)?
Risk 4.0! – 2020
> 5 ye a rs fro m no w o ur wo rking wo rld will b e drive n b y sma rt te c hno lo g ie s, a dva nc e d da ta a na lytic s a nd c o mple x inte g ra te d syste ms > 10 ye a rs fro m no w o ur wo rking wo rld will b e fully e mb ra c ing the use fulne ss o f inte llig e nt-a uto no mo us, ma c hine ry > 30 ye a rs fro m no w o ur wo rking wo rld wo uld ha ve a c c e pte d the e xiste nc e o f c yb o rg & a ndro id te c hno lo g ie s We no w kno w ho w & whe n the wo rld is g o ing to c ha ng e , b ut wha t is the risk ma na g e me nt pro fe ssio n do ing to pre pa re ?
Risk 4.0! – 2020
T he Co ro na virus c risis ha s a lre a dy de mo nstra te d tha t mo de rn risk ma na g e me nt is no t a simple -sta te g a me … I t is in fa c t a hig hly te c hnic a l disc ipline tha t re q uire s a va lid unde rsta nding o f;
Risk 4.0! – 2020
Risk 4.0! – 2020
Risk Management 4.0
Cyber Methods Resilience Complex Systems
T he future c o mb ina tio n o f b ig data, smart te c hno lo g ie s and c o mple x c yb e r syste ms is g o ing to tra nsfo rm o ur wo rking wo rld I n turn, the Risk Ma na g e me nt disc ipline will ha ve to upskill a nd e vo lve if it is to a dd va lue to a future wo rking wo rld o f a dva nc e d c o mple xity a nd pe rpe tua l disruptio n
Risk 4.0! – 2020
Contac t us
isa Ma tthe ws
isa _Ma tthe ws@ swissre .c o m
F
Risk 4.0! – 2020
Intelligent Risk Thinking
C
Welcome to the world of
Learn more at www.complexus.com.au