Tag Archives: digital transformation

A History of Risk Quantification

Risk quantification, the practice of measuring and assessing uncertainties, has evolved over centuries, reflecting humanity’s growing desire to understand and mitigate the uncertainties of life. From ancient times to the modern era, the tools, techniques, and philosophies behind this discipline have shaped decision-making, commerce, and science. Here is a brief history of risk quantification, starting with its origins in antiquity.

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IT: Plumbing or Business Development?

This article explores the dual role of IT in organisations, balancing foundational “plumbing” functions with innovative business development. It discusses Gartner’s bimodal IT framework, highlighting the operational stability provided by Mode 1 and the experimental growth enabled by Mode 2. Topics such as cost centres versus profit centres, cybersecurity investment, and the integration of IT and OT are examined to underline the necessity of a balanced approach. The conclusion emphasises the importance of aligning these roles for operational efficiency and strategic growth.

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