Risk Management in Asia: Do the Math

It is my honor to be talking at today’s WeDo Technologies conference in Delhi, India. WeDo asked me to walk the audience through the reasons why I believe Asia is ready to take the lead with executing advanced risk management in big companies like telcos.

Some Asian countries produce unusually high numbers of students who excel in mathematics, science and engineering. These skills are ripe for application in risk management, and could be used to lift expectations beyond the relatively mundane pseudo-science found in the risk standards written by Western authors. Asian telcos can boast enormous subscriber bases, and most are data rich, meaning there is obvious potential to apply data science to boost results and reduce risk. Asian countries have already shown they can leap ahead and become global leaders in the adoption of electronic comms technology. If they combine data with science on a grand scale, they could significantly reduce the risk of investment in their communications infrastructure. This infrastructure would then power economic growth in general.

I believe that Asia has all the fundamentals to overtake the West in terms of telecoms risk management. Success or failure will depend on individuals: the people already working in risk and assurance inside Asian telcos, and the executives who should support them. I hope some of my arguments motivate the audience to challenge the orthodoxy which says Westerners set global standards and everyone else must follow them. Take a look at the detail of those arguments in the slide pack for my presentation, shown below.

Eric Priezkalns
Eric Priezkalns
Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Chief Executive of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.