See things clearly
Legal Risks on the Radar, is an annual survey, published in the U.S. by Corporate Board Member and FTI Consulting.
The 2012 report researches attitudes to current legal issues among ‘two critical governance groups’: public company directors and corporate general counsel (GC).
Amongst other things, the survey finds that the growth of digital business, and connectivity, has caused many in these groups to recognise the increasing importance of understanding the…Continue
Added by Paul Wallis on October 5, 2012 at 4:27 — No Comments
The Civil Nuclear Constabulary (CNC) is a specialist armed police force, which looks after all of the UK's nuclear assets and resources, both nationally and internationally.
Recently, I asked Paul Stone, Deputy CIO at CNC, why he, and his colleague Mark Verrier (CIO), had decided to become OBASHI accredited, and use the OBASHI Methodology, and software.
Paul’s reply is,
“OBASHI is a straightforward methodology with simple diagrams and…
Added by Paul Wallis on April 4, 2012 at 7:30 — No Comments
In the LinkedIn ‘Data Governance and Data Quality’ group, Gary W. Griffin asks for opinions on this,
Data Governance could be enhanced by clearly specifying data value chains and explaining how the Information Supply Chain connects the data value chains.
The concept of governance is one which is long established within the Oil and…Continue
Added by Paul Wallis on March 22, 2012 at 11:37 — No Comments
In my last blog about data flow and the development of ‘autonomous vehicles’, I argued that,
“...while the dream of a safer, and more efficient, road transportation system is worthy, it won’t be happening on a large-scale anytime soon...
...computers aren’t yet intelligent enough to reliably make safe, on-time decisions about everyday driving…
Added by Paul Wallis on February 3, 2012 at 4:31 — No Comments
Over at Forbes.com, Dan Woods argues that,
“In every dimension, CIOs are facing an increased pace of change at the same time they are losing control over the computing environment. The number of assets they must manage is exploding. Consumerization, virtualization, cloud computing, software as a service, mobility are all increasing the complexity of the job of managing IT by orders of magnitude.”
In “The Coming Crisis of IT Management”, he…Continue
Added by Paul Wallis on January 20, 2012 at 1:30 — No Comments
Chateau Margaux 1983 is one of the many things I love about France.
My wife lived in France for a while so I’ve picked up her appreciation of the culture, food and language.
The French have a great way with language; they seem to find a way to say in a word that which takes a sentence in English. “Impasse” is one. I hate that word. I get a constant feeling of déjà vu (see what I mean) every time I hear it. It reminds me of a million meetings I was involved in…Continue
Added by Paul Wallis on November 23, 2011 at 7:30 — No Comments
Last month, in ‘Under pressure: IT and the steam boiler’, I concluded that,
Just as it took the boiler industry many years to evolve to the point where it had clarity on flows, and could makes the best decisions about risk, IT and telecoms are set to go through the same pain.
More data flow disasters are inevitable – which means, because we as individuals are ever more reliant on flows of data…
Added by Paul Wallis on November 11, 2011 at 11:06 — No Comments
Yesterday, the International Organisation of Securities Commissions (IOSCO), a global finance industry watchdog, published a report on High Frequency Trading (HFT), and other high-tech trading practices.
The report is a response to the financial ‘flash crash’ of 2010 (and numerous subsequent ‘mini flash-crashes’) in which HFT clearly played some…Continue
Added by Paul Wallis on October 21, 2011 at 11:30 — No Comments
... a charred body, a bent watch, two rubber heels and a torn piece of clothing...
The remains of Chief Engineer David Rockwell were found on March 21st 1905, the day after an industrial explosion and intense fire occurred at the Grover Shoe Factory, Brockton, Massachusetts.
The disaster, in which 58 people were killed and 150…Continue
Added by Paul Wallis on October 14, 2011 at 11:00 — No Comments
Zombies and oil refineries really don’t mix well.
So it was with some alarm that I awoke abruptly last Sunday morning and heard nearby the chuckling voice of my teenage daughter, “Dad....dad....there’s a zombie massacre down at Ineos...can we go and watch?”
My first thought was that my old boss must have let Health & Safety slip a little, and that his job might be at stake. Then I remembered Brad Pitt was in the district, filming “World War Z” close to…Continue
Added by Paul Wallis on August 25, 2011 at 14:20 — No Comments
Doyle Lonnegan, a ruthless New York gangster turned banker, is one of my favourite movie characters.
In ‘The Sting’, which is set in the 1930s, Lonnegan, (the brilliant Robert Shaw), is the victim of a sophisticated confidence trick which costs him the $500,000 he bet on a horse.
A con-artist convinces him he can delay the official results of races getting to…Continue
Added by Paul Wallis on June 21, 2011 at 11:30 — No Comments
Last week I read a great article by Cynthia Rettig, 'Can Market Regulation Keep Pace with Technology?' In it she expresses her concerns about the speed of technological change in the finance industry. She quotes the CEO of Interactive Brokers, Thomas Peterffly, who says,
What we have today is a complete mess. Over the last 10 years, technology…
Added by Paul Wallis on February 10, 2011 at 16:30 — No Comments
By way of a simple example, here is the OBASHI take:
Every so often a company's CFO will phone an IT Manager because she wants to do some finance work relating to his department and she needs the manager to send her something so she can continue.
Often the work will entail dealing with some arcane accounting procedure that only a qualified professional can understand. The same sort of thing often happens with company lawyers. The workings of their world are…Continue
Happy New Year to all OBASHI Thinkers! This is our first blog of 2011 and we're starting as we mean to go on.
We are putting the finishing touches to our downloadable 'Lite' software, which automates the OBASHI Methodology, and we hope to make it available early February. Consequently it's all hands to the pumps at the moment finishing Help files and recording user videos,…Continue
Added by Paul Wallis on January 10, 2011 at 21:30 — No Comments
What do you think this is a picture of:
Added by Paul Wallis on November 25, 2010 at 1:20 — No Comments
Added by Paul Wallis on November 12, 2010 at 13:09 — No Comments
Added by Paul Wallis on October 14, 2010 at 14:00 — No Comments
John Higgins is Director General of Intellect, the trade association for the UK IT industry. Recently he wrote about, “IT’s role in avoiding another banking crisis”…Continue
Added by Paul Wallis on September 28, 2010 at 15:00 — No Comments
I was posed an interesting question over the weekend.
The question was about OBASHI and Business and IT Alignment (BITA):
The business world continues to grow in complexity. Until we can see how data flows through and between businesses, the frequency and severity of IT-related problems like these will grow:…
Added by Paul Wallis on August 25, 2010 at 7:30 — No Comments