How can data-driven decisions optimize risk management strategies in cloud computing

In an interview organized by ELETS BFSI, these questions were put across to me on the aspects of organizations using a combination of data, digital, risk, and cloud management capabilities.

How has the growth of cloud technologies impacted the data and digital strategy?

1. As new technologies like big-data platforms and cloud platforms evolve to store & process data at scale in firms, it is an opportunity as well as a challenge for corporate governance
2. If data can be collected and consumed in perspective, a corporation can transform itself to profitability by understanding the markets better, as well as the internal environment to transform with data-driven business models. This is particularly possible as data governance enables a firm’s sensing capabilities.

How are certain risks associated with data and cloud managed by data and analytics to detect and mitigate?

1. Corporate governance addressed the implications of ‘modern corporations” by using separation of ownership from control.
2. It has even been a defense of corporate chieftains at companies such as Enron, Worldcom, Merrill Lynch, and Bank of Credit and Commerce International (BCCI) who claimed that they were not responsible for fraud because they did not have intelligibility on the accounting data
3. Since years ago, large corporations have struggled with growing…