AI in Finance – Teaching an Old Dog New Tricks
AI is revolutionizing finance, but integrating it into traditional systems can feel like teaching an old dog new tricks—challenging, yet full of potential.
On an island above the Arctic Circle, between Norway and the North Pole, inside an icy mountain, there is a vault filled with a resource crucial to the survival of humankind.
Over a million seed samples from every country in the world serve as the planet’s backup plan if and when an apocalyptic scenario occurs.
Today, most companies lack a proper Business Continuity Plan (BCP), as they continue to blindly rely on the strength of modern technology.
So what happens when doomsday is today?
As part of our BCP service, we encountered a common problem when emergency protocols, or even business continuity plans, are stored on computers that are often not available during crisis. This problem is magnified when organizations are not cloud based and are entirely dependent on physical access to the organization’s premises.
This is where things get tricky – relying on the use of technology during crisis and the implications of relying on technology if it fails to become available.
Much like the “Doomsday Seed Vault”, which aims to provide security in the event of mismanagement, accident, war, sabotage, or natural disasters, while protecting human knowledge and achievements, a BCP is your company’s peace of mind.
When accompanying our clients through the BCP process, we create a “Doomsday Business Continuity Plan” that is tailored made for the unique needs and characteristics of each organization, developed by technology but not dependent on it to survive, and always considers the risks in relying on technology when disaster strikes.
Is your Business Continuity Plan doomsday ready?
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