Page 21 - RMAI BULLETIN Oct - Dec 2019

RMAI BULLETIN OCTOBER TO DECEMBER 2019

volunteers, an honorarium of Rs. 200/day will be paid “Every business leader as well as functional leader is
tothecandidate.Thedurationoftrainingonsearchand responsible for risk management, for ensuring that
rescueandmedicalfirstaidwillbeforthreedays. they are considering the risks in whatever part they are
He added that the HPSDMA scheme is in the process of playingintheentireprocess,”headded.
implementation in each district by respective District While the merits of a company-wide risk-aware culture
Disaster Management Authority. Each of the cannot be overstated, this should extend to vendors
authorities will be led by the Deputy Commissioners and partners as well. “Today’s IT processes are a sum of
and the projected et for the 3226 panchayats in the parts,” said IMGC’s Shrikant Shrivastava. He sheds light
State with 15 volunteers per panchayat. It is being on the fact that the most effective risk management
aimed that the number of trained volunteers for the practices can be unsuccessful in case they aren’t
stateinthenextthreeyearswillbe48,390. followed across the supply chain. On the other hand,
the third-party is ranking high on the priority list of
The respective districts will prepare and update in the
CXOsnowadays.
database of these volunteers in a regular manner
services will be utilized during the disasters, road CPP’s Deepak Matai said, “The customer data that lies
accidentsandotheremergencies. with the bank and might be lying with a call center or
collection agency is, I think, the biggest risk our
ICICI Lombard General, CNBC-TV18 businessreallyfacestoday.”
LalitMaliksaidthatDaburIndialookedatthelikelihood
organizes India Risk Management
and impact of each risk, its nature, time frame, the
Awards,holdssessiononnewagerisks options at the business’ disposal and the cost of
The ICICI Lombard General Insurance in association managingit.ICICILombard’sSandeepGoradiarevealed
with CNBC-TV18 has recently organized India Risk Cyber Insurance has become one of their highest-
Management Awards, which held an insightful master sellingproductsrightnow.
class on new-age risks and their management. Several
renowned thought leaders and industry veterans Google joins hands with ClimaCell to
joined the session to decode how businesses can de- improve nation’s weather forecasting
risk themselves in the age of technological
advancement. abilities
With the aim of improving the weather forecast
In the recent past, traditional risks in relation to
abilities of India, Google Cloud has entered into an
accidents, employee health, property and equipments
partnership with US-based weather technology
imposed biggest threats on businesses. However, there
company ClimaCell. Through this collaboration, Google
has been a shift in the risk field in recent years due to
Cloud and ClimaCe will aim to provide free access to
digital disruption in business world with concerns
high fidelity weather forecasting models to developers,
regarding data theft, compliance, privacy and
scientistsandbusinessesoperatinginIndia.
cybersecurity. Presently, most of the companies now
Google Cloud with its public dataset programme,
say new age risks have more significance to business
ClimaCell – CBAM India Weather Forecasts, is going to
operationthantraditionalones.
make the outputs of these models accessible for
Lalit Malik, CFO, Dabur India; Shrikant Shrivastava, everyone in the country. In addition to that, Google
Chief Risk Officer, India Mortgage Guarantee Cloud will also help in supporting the computational
Corporation; Deepak Ahluwalia, Vice President & requirementsofthisprogrammeinIndia.
Global Head of Governance, Risk and Compliance,
The weather technology company claims that the
Zomato; Deepak Matai, Country CEO – India, Malaysia
ClimaCell Bespoke Atmospheric Model (CBAM) takes
& Bangladesh, CPP Group; and Sandeep Goradia, Head
inputs from its proprietary “Weather-of-Things”
– Corporate Solution Group, ICICI Lombard were
technology.
presentatthesession.
“From wireless signals to cars sensors, ClimaCell
“Risk management is not only an issue for an IT leverages the connected world to bridge the large
manager or a technology manager’s job; it runs across sensing gap and to help improve forecasting anywhere
the organisation,” said Zomato’s Deepak Ahluwalia. intheworld,”ClimaCellsaidinastatement.

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