Technological innovation disrupts risk management

In today’s fast-paced business environment, technological innovation is full of potential benefits, but it is also full of risks. As more companies feel pressured to innovate, the risk assessment of disruptive technologies can sometimes stay in the middle of the road. Risk professionals who recognize rewards along with risks will help their businesses successfully adopt new technologies.

Traditionally, risk managers have been seen as isolated within their organizations. Today, this can mean that so-called innovators or disruptors in a company can avoid looking for the risk team for guidance. They fear that doing so may lead to a speech about why a new idea, process, or technology is an obstacle and should not aspire to that. Fortunately, risk professionals are increasingly aware of that scenario.

In a recent survey by Marsh, an overwhelming majority of risk professionals agreed that understanding technological innovation is essential to stay at the forefront of their industry.

At the same time, however, two thirds of these same professionals said that their company has either not established plans and procedures to assess new risks, or were unsure whether such processes are in place.

This is in line with the results of a recent survey conducted by Marsh and RIMS, in which more than half of the respondents said that their company had not conducted risk assessments around disruptive technologies.

“Given the impact that disruptive technology can have on an organization’s strategy, that lack of attention to risks must be considered unacceptable,” the report says.

A thorough assessment of the risks arising from the use of technological innovations within an organisation can improve the understanding of a company’s changing risk profile. For example, in Lyft, our team of risk works closely with the legal, finance, compliance, government relations, and others to fully understand the risk of the technology from all angles. In general, challenges may relate to reporting structures, conflicting priorities and bandwidth, making inter-functional collaboration critical.

In recent years, a major focus on data breach and privacy due to cyber risks can sometimes steal the spotlight from evaluating other major risks.

Data breach, privacy and other cyber risks certainly should not be taken lightly, but there is a wider range of disruptive technology-related risks that need to be taken into account as companies adopt new innovations. Modern risk professionals need to look for solutions and alternatives that allow innovation while balancing risk. And to do that, they need to help their company break down organizational silos and intensify discussions.

In a time in which it takes advantage of the disruption or is affected by it, professionals of the risk must assert a leadership role in the understanding, assessment and management of the risks and rewards of technological innovation.

Innovation, technology, customer service and intermodality: the keys of the ports of the future

Executive Forum and Eurogansión held yesterday in Madrid the first edition of the event ” ports of the future. Disruptive business models in the Spanish port sector”. The day counted with the participation of the State Ports, the port authorities of Barcelona, Bilbao and Valencia, Adif and IDOM, in whose headquarters it developed the event.

Juan Manuel Martínez, Director General of Eurogansión, welcomed the attendees and introduced the event. Álvaro Rodríguez, director of Planning and development of ports of the state, has intervened in the first place highlighting the importance and the innovative and technological advances in the different national ports, and has explained that now “we are focusing our efforts on improving the service we provide” in order to generate value and loyalty to the customers.

Rodriguez has also announced the launch of an R & D & i plan, endowed with the 1% annual cash Flow generated by all port authorities, to encourage technological innovation in the next 5 years. Next, José Manuel García de la Guía, Chief of Information Technologies, Port Authority of Valencia has begun his presentation recognizing that “the board in which we are now moving is global”, as well as that the rise of “technological ecosystems” is encouraging small startups to form port clusters and gain ground to the detriment of large corporations. In addition, it has presented the three main objectives proposed by Valencia: operation of the port of Call of the ship, operation of goods in the modal exchange and integration in the global logistics.

Latest trends

Luis Gabiola, director of Operations, Commercial and logistics of the Port Authority of Bilbao, also intervened remembering that “the ports compete in the logistic chains” and has recognized that “sometimes we forget that we are a critical infrastructure”. In reference to the latest trends which includes Bilbao in the port management, has referred to the cybersecurity, and the sincromodialidad, the blockchain interoperable, the RSC, the scanning, and port 4.0. Representing the Port of Barcelona, the head of energy projects and innovation, Carles Rúa has considered that the new drivers are the customer, the market and the technology. In this regard, it has recognized that Spain maintains a remarkable international position in the development of Port information and communication technologies, but that, however, much remains to be done since this type of infrastructure is beginning to be considered as commodities, so the challenge of diversification would be fundamental to achieving competitive ports.

Antonio Aguilar, head of area of the Directorate of Logistic Services of Adif, has explained the intermodal relationship port-railway, recognizing that in recent years the interest of the railway in the ports has increased, as in them the cargo is concentrated more and more. Therefore, boosting the ferroportuary traffic of the goods would be a challenge for both sectors. For its part, Lluís Miró, director of Projects, Ports & Logistics IDOM, presented the proposed technology of its organization for the management of the supply chain from the ports by using the combination of Big Data and Artificial Intelligence.

In this sense, it has encouraged the port authorities to assume a proactive role of leadership in the digital transformation processes of the ports. Finally, a round table has been held around which all speakers and attendees have actively discussed issues such as the role of rail in the development of the hinterland of ports and other issues related to the digital transformation processes of the sector

The importance of technology in business development for VISA

Having a company means being at the forefront, going at the pace that the market requires, providing an immediate solution to the problems that are being presented and making it clear that technological advances generate development.

Technology advances and, in its wake, relegates all those companies that do not dare to innovate, that do not dare to try new technological options. There are very simple examples such as those companies that refuse to use social networks, which fear the impact of e-commerce and other technological alternatives for business.

But those who see technological innovation as an ally, which gives them a possibility of growth, they manage to keep effective in the market and their competitiveness is increased; such is the case of Hertz, a lessor of automobiles located in Colombia that have been found in the technology way of making more efficient their work and provide a better service.

In this sense, Carlos Otalora, National Director of Hertz, based in Bogotá, points out that the technological issue must be a priority, because clients demand improvements in the service, employees need agility in the programs they work and mainly to avoid losses.

He explained that an example of the application of technological tools was the implementation of a monitoring program that currently has the complete registry of operations, which arose from the need to make the service more agile and secure.

“We have very powerful self-creation software that tells us in real time how operations are done from other cities; this development occurred because in the market there was no program to guarantee the correct administration of the automotive fleet, then the creation of EquiSoft corrected all technological needs.”

He said that they are developing the program more and more, making it light, sophisticated, making it the heart of the operation in Hertz. He also said that little by little more modules, service lines and production were implemented to the program, incorporating a better control technology; currently all cars have GPS, which allows them to track in real time, of course, with the support of human capital.

“We have a systems department composed of a staff of programmers, auditors, operators, software designers, who are recently working on an application, which is close to being implemented, also seek to make our software-which is in permanent development-increasingly robust, reliable, a better generator of information to make decisions.”

He stressed that within the company, in terms of technology they are in constant development, right now they are redesigning the website, which is currently only informative, but the expectation is that they can sell through it.

“Our website has good traffic, but we are looking for it to also be a shopping platform, online booking, we are in the redesign; it will be a new challenge, because there is still no culture of security on the web, it is not so easy to tell the customer to feel safe in making internet transactions, but we will put all our efforts to make it work.”

In conclusion, Carlos Otalora commented that the work they do in the field of technology goes hand in hand with customer care, that they try to make it as personalized as possible, looking for the fidelity of those who use their services, always trying to follow up correctly and keeping abreast of their needs.

We have a system department made up of programmers, auditors, operators, software designers who work constantly on developments: Hertz.

The software also ages like anything

When we think about the passage of time in computer science, we automatically focus on hardware. Over the years, computers become obsolete, because they are too slow, have little memory or little disk space. Either one of its components is damaged and the cost of repair (if spare parts are still possible) is higher than the cost of changing it to a new one.

However, even if it seems to be a lie, the years also pass for the software. Applications also age and need continuous care to remain useful: errors need to be corrected, their safety improved, adapted to new devices, functionalities added and even monitored to comply with new laws (for example, the European Data Protection Directive, GDPR, which comes into force in 2018 and will require a review of all websites and applications that deal with user data).

If the application is critical and difficult to replace with a new one, such as a bank database, it is often maintained while technology allows… or while there is someone with enough knowledge of that technology (this explains why COBOL experts, one of the oldest programming languages, are still paid so well!). But in general, when an application is created, the developer usually plans a limited and short period of active maintenance. At the end of this period the end-of-life occurs, that is, the end of the product life, a concept closely related to the concept of programmed obsolescence that affects our appliances.

This software death is not quick and painless, but rather degenerative. Gradually the application is no longer improved and only serious errors and security holes are corrected. Later on, the product is removed from the usual distribution channels (web download, app stores, etc.) and, at Best, more modern alternatives are suggested if any. Finally, the company behind the product finishes it by stopping any type of support or update of the application. From this moment on users are “alone in the face of danger”. At best, you can continue using the software but at your own risk. However, most of the time, compatibility problems between the application and the external hardware or libraries on which it relies are going to make it quickly completely unusable. At that time, the only hope is projects such as Archive (which attempt to preserve software for generations to come) or emulation (the software simulation of a hardware platform) and virtual machines, which enable older programs to be run on more modern computers (such as console emulators or recreational machines).

How long does it take to move from one stage to another? That depends on user demand and the interest of developers. For certain products such as operating systems, developers often mark well-defined and easy-to-predict life cycles so customers can plan their purchase and use. But for other applications, such as a mobile app or a web service, the developer can leave it at any time. We have recently had two famous cases of end-of-life applications: Microsoft Paint (2017) and Adobe Flash (2020). In the case of Microsoft Paint, the anger of users managed to save this application from its digital death.

But not all are bad news: the misfortune of some is usually an opportunity for others. The aging of software opens up many business opportunities, especially in a context where many applications are completely released as free software. In this way, anyone has the opportunity to continue to maintain an application that their original creator has abandoned and stay with their customers, who will be happy to avoid the headache of selecting, migrating and learning to use a new application. And there are solutions even when the source code of the application is not available. It is not easy (or sometimes quite legal, to consult in each case) but by studying the executable file of the application you can get a more or less understandable version of the source code.

Federal adjustments impact Science and technology in Querétaro

The restructuring of the federal government, both administrative and budgetary, has impacted the science and technology sector.

At the state level, various institutions have had to delay projects, mainly because the resources of the mixed Fund have not flowed, explained the director of the Council of Science and Technology of the state of Querétaro (Concyteq) Raúl Iturralde Olvera.

Among the bodies concerned are the Centre for engineering and Industrial Development (Cidesi), the Autonomous University of Querétaro (UAQ) and the Juriquilla campus of the National Autonomous University of Querétaro (UNAM).

State science and technology agencies have noted delays in the allocation of mixed Fund resources.

“I would express my concern, a concern shared by all state science and technology agencies because we have already experienced some delays, especially in specific programmes such as the mixed fund,” he said.

The mixed funds are one of the two instruments that make up the budget program for regional development of scientific, technological and innovation capacities, which promotes scientific development at the state and municipal levels, through a trust that is made up of contributions from the state, municipal and federal governments.

In view of the delay in the allocation of resources, some institutions had to stop projects that were under development or the new projects had to be recalendarized.

Delays in appointments, he said, could be caused by the planning process in which the National Council of Science and Technology (Conacyt) is still located.

“Then we believe that we cannot yet express a general opinion because Conacyt has not started, it has not started properly yet, it is perhaps still in a planning stage, all this we have shared in the national network of councils and state agencies of Science and technology ” he said.

Therefore, before the Conacyt have raised the concerns of the industry of science and technology of the entity.

According to the Center for Studies of Public Finances, of the Chamber of Deputies, on the budget for fiscal year 2018, an entity approved 139.5 million pesos for this area; and whereas the draft budget of the 2019 was set a bag of 138.9 million pesos: 137.1 were provided fellowships to graduate and of quality supports and 1.8 million for scientific research, development and research. These budgets relate to grant programmes and investment projects for the state.

However, in the words of the president of the Commission of Finance and Credit Public of the Chamber of Deputies, Patricia Terraces Baca, would not have approved resources for this branch in to entity.

Technology in Mexico against earthquakes

On September 5, 1910, the Tacubaya Central Station, Mexico’s first modern Seismological facility, was inaugurated with the operation of a Wiechert seismograph to make precise measurements of earthquakes in the country, phenomena that have shaken its territory for at least 13,000 years.

In 2017, the research of the causes and mitigation of the effects of the earthquakes has sophisticated to the rhythm of innovations, ranging from networks of encrypted communications to sensors that measure earthquakes within the buildings.

And in the future they could, with the will of the authorities, use the immense possibilities of big data, that is huge databases containing strategic information on basic infrastructure and services, availability of personnel, machinery and equipment, and routes and models for planning rapid and efficient aid.

The modern management of natural disasters involves several phases are relevant: the risk assessment and prevention, the relief response after the event, and the reconstruction, in accordance with the Hyogo Framework for Action, a document created by the United Nations Office for Disaster Risk Reduction (UNISDR) and to which Mexico acceded in the past decade.

This framework does not require the use of information and communication technologies (ICT), but the efficient attention of these events invariably passes through their use, according to Jesús Romo, an analyst at the consulting firm Telconomía, who, together with the Association of industry 5G Americas, published this fall a study entitled ICT during natural disasters in Latin America and the Caribbean.

The impossibility to predict earthquakes is explained by the lack of information about what happens at the epicenter of such phenomena, says F. Ramón Zúñiga, a researcher at the Geoscience center of UNAM.

“Earthquakes that affect Mexico occur at depths of approximately 20 kilometers, so indirect mechanisms such as detection and analysis of the propagation of seismic waves are required,” he says.

For this reason, the precision of the instruments used to measure seismic phenomena is fundamental to knowing them and for this reason Mexican scientists develop appropriate technology to analyze the earthquakes that affect us.

Hear the sounds of the Earth

One of the most persistent factors in central and southern Mexico is the so-called Guerrero Gap, a trench that extends between Acapulco and Zihuatanejo.

In November, a group of researchers from UNAM and educational and development institutions in Japan installed a seismograph network consisting of 14 sensors on land and seven under the sea. According to Zúñiga, who does not participate in the Guerrero Gap project, this is the first time underwater seismographs have been used to measure the dynamics in the subsoil of the region.

“Sensors under the sea will be monitored with a sort of underwater glider that will regularly contact equipment to collect the data they generate,” he explains. But the data may also be useful during the tremor.

Nearly 300 miles of the coast of Guerrero, at the headquarters of the Secretariat of Foreign Affairs in the centre of the City of Mexico, knew what happened during the earthquake of 19 September.

What the structure of the buildings says

The movement and type of vibration of a building during an earthquake is fundamental to deciding on its structural condition, as Juan Manuel Espinosa, director general of CIRES.

“This system has been installed in important buildings in Mexico City and consists of a network of accelerometers that are placed on key structures and connected via Ethernet data cable with one data center in the building and another outside.”

It has backup batteries, so if the electricity supply is suspended, the equipment can continue to operate for several more days.

During the earthquake, accelerometers measure the behavior of the structure by sending data as changes in shape and position. Such information serves to facilitate the identification of mitigation measures.

Technology transfer contract in mx

Concept of Contract of Transfer of Technology which provides the Legal Dictionary Mexican (1994), the Supreme Court of Justice of the Nation: (written by Arturo Díaz Bravo) Technology, from the Greek techno, art, and logos, a treatise or description; in the language usual has come to denote, on the one hand, the set of knowledge of an art or craft, but also the flow rate of the means and procedures for the obtaining of a product that has been used in the trade or industry.

More about the meaning of Technology Transfer Contract

Under the technology transfer contract, knowledge and manufacturing processes (know-how) can be transmitted, but also manifestations of so-called industrial property (patents, trademarks, etc.) and even services (technical assistance, consultancy, business administration), all of this is provided for in Article 2 of the law on the Control and registration of the transfer of Technology and the use and exploitation of patents and Trademarks (Law on the Control and registration of the transfer of technologies and the use and exploitation of patents and trademarks), published in the Official Journal of 11 January 1982.

It turns out that this contract offers such a extensive range of possibilities which, in the current state of legal regulation, it becomes impossible for the elaboration of the concept of the covering; so, for example, in the field of industrial property may be the transmission full of the rights in a trademark or patent, but it is possible to only grant a license of exploitation. Therefore, any attempt of conceptualization is condemned, for now, to be branded as a partial or excessively formalistic; the spills of Hernández Esparza are partial, who defines him as the one “by which a party called transmisora de la tecnología or asistencia técnica, contributes knowledge and material elements of a technical nature and the other, recipient, gives in exchange a remuneration”, as well as by Alvarez Soberanis, in that it is” the agreement of wills through which one of the parties, called supplier, transmits to another that is called receiver a set of organized knowledge for industrial production”; the one proposed by Díaz Bravo is formalistic: “one party is obliged to transmit to the other the right to exploit one or more elements of industrial property, or to provide it with technical assistance or administrative operations.”

More Details

The abuses that, thanks to the freedom of contract and the autonomy of the will, were committed for many years in the celebration of these contracts, not only to the detriment of the receptors but also of the national economy, which suffered massive outflows of foreign exchange to the countries of residence of suppliers of technology, were the starter of the previous Law on the Registration of the Transfer of Technology and the Use and Exploitation of Patents and Trademarks, in force as of 1972, reproduced and extended the current, it has had as its common denominator the protection of the national economy and the restriction of abuses by suppliers. To this end, the law on the Control and registration of the transfer of technologies and the use and exploitation of patents and trademarks imposes, as a prerequisite for the necessary registration of contracts, the Prohibition of certain clauses – previously frequent – and the insertion of others. (1) the intervention of the supplier in the administration of the recipient (Article 15 (1))); (2) limitation on technological development or sales volumes by the recipient (sections III and IX); (3) indefinite confidentiality of the technology contracted (Section XI); (4) excessive royalties on the basis of the quality of the technology, or because the national economy or that of the acquirer is affected (section 16, Section II); (5) submission, in the event of a dispute, to the jurisdiction of foreign courts (Section 16, Section IV). (L) the liability of the supplier in the event of an infringement of the industrial property rights of third parties (Article 15 (XII)); (2) the guarantee by the supplier of the quality and results of the technology (Article 15 (XIII)). However, the Secretariat for trade and Industrial Development is empowered to authorize exceptions “on the basis of circumstances of benefit to the country ” (Article 17).)

With technology you fight the real huachicol

The theft of fuel reflected the vulnerability that there is a institution in front of a group of criminals who violate and steal from the State to extract the fuel and resell it; Pemex, Octavio Romero Oropeza, has been responsive in front of new technologies to fight this crime… at least that we have the companies that operate the devices and that their contributions have proven effective in Mexico and in the world.

Pemex has been no stranger to this position, since 2004 he already saw this time bomb, but until 2016 he implemented a marking program, where he Verified, Certified and realized that out of a sample of 360 stations, in Jalisco, 148 had stolen fuel in their tanks.

This is only with one molecule they put in gasoline to realize who is playing illegally, along with other technologies, that would help take costly measures such as those we suffer today.

The favorites 2019

However, in this year of market uncertainty due to the country’s economic performance, with the new government, experts from the Financial Group See More stand out Mexico for having one of the most resilient economies in the world. According to stock analysts, among the favorite Mexican Stock Exchange (BMV) stations to invest in 2019 are businesses that are not so exposed to the exchange rate, and that also present advantages against a depreciation of the peso. For example, Arca Continental, directed by Manuel Barragán; Cemex, commanded by Fernando A. González; and Angel Romanos’s real financial credit, the latter a company aims to bring credit to millions of people who are now neglected by traditional banking.

The Colussion

The case isn’t closed. The holder of the Public Function, Irma Eréndira Sandoval, takes aim at those who did the bidding processes, simulations, for example, pointed to the case of the premium of 15% that the Cofece found in the services of monitoring of mass media of communication in January of 2018, when sanctioned Media Specialists (MS), Delphi, and SVS, and five natural persons with penalties, which together amount to seven million 255 thousand 121 pesos, for committing absolute monopolistic practices in the market of the services of monitoring and tematised monitoring of information disseminated in the media.

The units that were affected with a damage of three million 114,865 pesos to the public treasury were: SEP, Conapred, CNBV, Economía, Presidencia, ASF, Profeco, FND, among others.

However, the Civil Service Secretariat has not prevented them from participating in new government procurement. In Banxico, for example, EM was hired at an overpriced 30 percent, although an internal investigation is already underway.

I have the security of the regime so I can distribute the aid in Venezuela.

In view of the difficulties in obtaining the necessary conditions for humanitarian aid to enter that country in recent months, Rocca confirmed in statements to ABC that it has the “security” of the regime of Nicolás Maduro that it will be able to carry out the distribution for the population in Venezuela. An aid that is expected to reach at least 650,000 people.

About the negotiations to enter this aid –the first to enter Venezuela that is neither Russian nor Chinese (a shipment from Beijing was expected yesterday)– he indicated that to reach this announcement there have been “months of discussions and meetings” with Venezuelan political and social Representatives that he did not want to specify. “That is the past and this is the result, which is what matters.”

Rocca stressed that the entry of humanitarian aid will be carried out with the Red Cross procedures, in a “neutral”, not “politicized” way, as in his opinion was the failed attempt to introduce food and medicine across the borders of Colombia and Brazil on 23 February.

The president of the International Federation of the Red Cross called for cooperation in the distribution of aid to other institutions, both inside and outside Venezuela, provided that they comply with the principles with which their organization works.

He said Red Cross professionals are now studying the needs and aid that will be distributed, although he warned that “this is not the solution to all Venezuela’s health problems.”

On the logistical problems that can be encountered, he indicated that the organization has “the best professionals” in this field.

Guaidó: “the struggle for the good of all bears fruit»

For his part, Juan Guaidó, president in charge of Venezuela, announced almost simultaneously the entry of this aid. “In the next few days or hours we will be receiving important medical support to contain this tragedy,” which will save some 300,000 seriously ill patients. He also pointed out that this is the result of “pressure and insistence. The struggle for the good of all bears fruit.”

In a video message posted on his Twitter account, he recalled that his team has held important meetings with representatives of the Organization of American States, the International Red Cross, and allied countries that recognize him as president-in-charge.

The Venezuelan Church has also wanted to join this initiative. Cardinal Barltazar Porras announced that he will provide the necessary collaboration to distribute the inputs.