-
Earlier adopters of gen AI balance gains with risk
Businesses that have invested heavily in generative artificial intelligence (gen AI) are seeing direct results on their profitability, according to research by the consultancy Mckinsey. While those organisations represented only a small sample of the overall group in the survey, the results suggest that those businesses are using gen AI in more business functions and paying…
-
Grey zone aggression rises
Organisations are increasingly concerned about disruptions to global commerce by so-called grey zone aggression, according to a survey by wtwco. Elisabeth Braw, a senior fellow with the Transatlantic Security Initiative at the Atlantic Council, is quoted by the report saying, that grey zone aggression represents action that takes place “in the grey zone between war and…
-
Organisations “overconfident” on risk management
Organisations have a high opinion of their abilities to be prepared for a crisis, but the actions they take to be prepared are falling short, said a survey by Origami Risk. In fact, the amount of priority that organisations put on risk management has dropped almost by 10 per cent in the past year, the…
-
Organisations struggle to make ESG work strategically
Organisations are struggling to make ESG work strategically because they are often unable to move away from a compliance agenda, according to a report by the consultant KPMG. While most companies recognise that ESG should be a valuable tool for enhancing their financial performance, resourcing constraints and internal business silos are making it difficult to integrate…
-
Employers increasingly out of touch with staff needs
Almost two-thirds (64 per cent) of HR professionals said their organisations delivered an “excellent” employee experience compared with only 20 per cent of employees who said the same, according to a survey by Benefex. The situation has got worse since 2023 when employers slightly underrated their performance (34 per cent said they provided an excellent experience, compared…
-
LGBTQ+ inclusion culture aids talent retention
Employers looking to enhance retention in the workforce should deepen their focus on LGBTQ+ inclusion, visibility and engagement programmes, according to a study by EY. The US-based study found that while there are 14 million adults in the LGBTQ+ community in the US today, that figure could grow by 2030 as more Gen Z employees enter…
-
Health and safety emerges as top risk for 2024
Global businesses have identified health and safety risk as their top priority, ahead of cyber-attacks, data loss and regulatory breaches, according to a survey by Clyde & Co. Its annual Global directors’ and officers’ liability report 2024 found that social risks had climbed significantly, with health and safety ranking first as a concern for 86 per cent of…
-
IMF says global financial markets “quite optimistic”
Compared with 2023, financial markets have turned “quite optimistic” in light of a softer landing from high inflation, according to an annual report by the International Monetary Fund (IMF). While the near-term global financial stability risks have receded in the expectation that disinflation is controlled, the medium-term picture is less rosy. “So far, cracks in the…
-
Larger organisations bear brunt of cyber attacks
Large (74 per cent) and medium-sized (70 per cent) businesses and high income charities (66 per cent) reported having experienced a cyber security breach or attack over the past year, according to the government’s annual survey on the issue. Respondents said that the most common form of breach was phishing – businesses 84 per cent and charities…
-
Organisations plan assurance drive on AI
Organisations plan to boost internal audit coverage over the potential risks arising from the deployment of AI technology, according to a survey by Gartner. For example, planned internal audit coverage for AI-enabled cyber threats and AI control failures leapt from 10 per cent each in 2023 to an expected 52 and 51 per cent in 2024…
