21 hours 21 minutes ago
"Risk is the price you pay for opportunity," goes a famous saying. Businesses are built to create value from opportunities, and it's near impossible to run a business without risks. Organizations today face a variety of risks, and these risks come in different shapes and sizes. Broadly, these can be categorized into operational risk and strategic risk, based on how they emanate and the impact they can have. For organizations to continue creating value without being derailed along the way, they need to…

2 years 4 months ago
By Irving Wladawsky-Berger, Ph.D.  |  April 24, 2017 I recently attended a very interesting talk -- Exploring the Impact of Artificial Intelligence: Prediction versus Judgment -- by University of Toronto professor Avi Goldfarb.  The talk was based on recent research conducted with his UoT colleagues Ajay Agrawal  and Joshua Gans.  In addition to an in-depth paper aimed at a research audience, they’ve explained their work in two more general interest articles, one in the Harvard Business Review and the…