Articles

We are all familiar with the proverb “necessity is the mother of invention.” In an interdependent global economic environment, anticipating unexpected risks is built into the DNA of every organization, large and small. But nothing could have prepared us for the pervasive impact of this pandemic. According to a survey by the Institute of Supply Management, 75% of companies are reporting significant supply chain disruptions, which is unprecedented in modern times. Just in time inventory and dependence on lowest cost suppliers, the hallmark of modern supply chain management, now represents risks to businesses.

The Auditor-General has zeroed in on the performance of the Digital Transformation Agency and two other Commonwealth Departments in a report on the use of procurement panels and arrangements for expenditure on ICT related goods and services, which totalled over $A3.9 billion for the Australian government in the 2018-2019 financial year.

Cybersecurity is like a game of whack-a-mole. As soon as the good guys put a stop to one type of attack, another pops up. Usernames and passwords were once good enough to keep an account secure. But before long, cybercriminals figured out how to get around this.

Digital risk continues to grow in importance for corporate boards as they recognize the critical nature of digital business transformation today. In fact, in Gartner’s 2020 Board of Directors survey, 67% of respondents stated they view digital as the top business challenge for 2020 and 2021.

A new format for compressing video, called Versatile Video Coding (H.266/VVC), at first glance might not seem to be the most exciting or profound change to influence humanity. But in a world where 4.57 billion people identify as active internet users, 3.5 billion regularly use a smartphone, 80% of global internet traffic is compressed video data and 500 hours of video are uploaded to YouTube every minute, data is more than binary numbers. Data – and video specifically – is now part of humanity’s collective nervous system.

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