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Prabha Thomas: Machine FirstTM Approach to Risk Management

Updated: Oct 2, 2021

Chief Risk & Compliance Officer, Tata Consultancy Services







Abstract


Companies that have thrived during these challenging times have been able to ride the technology wave. In the Business 4.0™ era, technology-led disruptive innovations have unlocked abundance of resources. With the abundance of data, and a connected world, risk managers need to leverage the Machine FirstTM approach for continuous risk management. The Machine FirstTM approach is about using digital technologies like cloud computing, artificial intelligence and analytics in every aspect of the business. As organisations turn more and more data into actionable intelligence, this will empower leaders and risk managers with better insights for informed real-time decision making.



 

Speaker biography


Prabha Thomas is VP and Chief Risk & Compliance Officer at TCS. She is responsible for designing and implementing the ERM framework and Regulatory Compliance Framework in TCS, and has risk governance and regulatory oversight over business units, geographies and functions globally. Her rich experience of 28 years covers program management, large account management working with multiple clients, multi-vendor governance, enterprise quality management, business process management, governance, risk and regulatory compliance. She is also a member on the Strategic Advisory Board of IRM India.

 

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This article is a summary and commentary of the speakers and topics covered at this event, organised by the Institute of Risk Management’s Innovation Special Interest Group, in partnership with: Satar