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Week 2 Research Paper: ERM Strategy:

Prepare a research paper on some of the various issues, protocols, methods, frameworks you
found and discuss how – if possible – organizations can use ERM as strategy. It is perfectly ac-
ceptable if you deem ERM cannot be used as strategy, just back up your claim with scholarly re -
search and justifications.

Anoop Parappully

Enterprise Risk Management (ITS-835-B01) - Second Bi-term

University of the Cumberlands

Professor Dr.  Donald Walker

October 30, 2022

http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2224-
78902018000400019&lng=en&nrm=iso

https://www.finastra.com/viewpoints/articles/enterprise-risk-management-takes-step-forward-au-
tomation

https://www.fortuneindia.com/opinion/failure-of-risk-governance-in-the-indian-banking-
system/102074
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1. INTRODUCTION

This research paper describes how ERM failed in the Indian banking system. Several

banks went down due to the lack of risk governance strategies. For example, in Panjab National

Bank, there was a significant threat to eliminate more than a quarter of shareholders' equity. It

was because of a dishonest employee's move. Typically, banks implement ERM to avoid such

situations. ERM was supposedly planned to use for risk management and risk governance. Every

bank and insurance organization not only just implemented risk governance but also improvised

their practices as and when needed in major countries in the world. However, India still follows

the same old risk governance strategies defined a decade ago. ERM is considered an effective

process to control risks in an organization with the help of a framework that depicts risk gover-

nance. But in this paper, we will see how ERM strategies have failed in the Indian banking sys-

tem. ERM execution affects regulations, procedures, techniques, individuals, and many more.

2. BACKGROUND

The development of big data analysis can benefit organizations like SAP for transformations.

Big data generally shows massive and intricate components representing people’s occupations

and is definable in phrases of measurements, research, operations, or company developments.

SAP organizes data relevant to the organization from entities and stakeholders. The experienced

team outlines the essential paradigms and big data analytics and their associations. The pursuing

are the subsections as part of the background.

2.1 DESCRIBE THE ISSUE

Here, I illustrate the challenges or problems; SAP encounters when Big Data or Business In-

telligence was not in place. Firstly, the vision and classic thought operations on information ap-
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prehend, processing, and repository require to revise. This is an accumulative and gradual ap-

proach. Excavating such massive data demands data mining methodologies such as the informa-

tion mining grid and Map lower infrastructure such as Hadoop. The technology might not be

cost-efficient, and the understanding turn is abrupt. It even needs a non-linear, non-in-

evitable software architecture.

Secondly, the famous saying ‘What we estimate is what we drive’ stands moderately elevated

here. That means we ought to comprehend what we desire to estimate for daylight as an organi-

zation. We must understand what we are examining. If we wish to determine movement routines

for the daytime and indicate a way a social exchange might guide, then we ought to understand

‘when to request the query. This is incredibly challenging as circumstances are vigorous. Social

networks have a geometric metamorphosis design. Big data technologies and applications should

be capable of mounting and exploring this comprehensive unstructured data. It should have the

ability to analyze in real-time as it transpires. Social media businesses generate a ton of context

to the details. Such context is a priceless resource for knowledge and expertise sharing. The con-

text in conversations is a legend of a colonial network’s triumph. Investigating millions of infor-

mal news every day is not an effortless task. This is where standard analytics can support main-

stream Big data research, and both ought to move hand in hand.

2.2 DISCUSS THE PROBLEM

Over the past ten-year period, SAP has looted in-depth into big data with resolutions such as

the SAP HANA in-memory database and SAP Data Intelligence conglomeration. With these

implements, enterprises can quickly collect and investigate terabytes of data, driving more rea-

sonable corporation judgments. In the C-Suite, the understanding that SAP can endure big data
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data and structuring it in a way that forms. Two such fragments of details that are reasonable to

learn are the notion of an information lake and the capacities of SAP Vora.

2.3 TECHNIQUES

2.4 ALGORITHMS

The algorithm-based techniques for big data analysis in smart cities are examined, and the

taxonomy of pertinent publications is presented and then summarized in the below Section. Al-

gorithm-based systems are contained and offered for big data analysis in smart cities like primary

benefits, weaknesses, central concepts, algorithm sorts, evaluation methods, devices, and case

analyses detail the metrics employed in the literature, including price, availability, sustain-

ability, duration, precision, scalability, healthiness, safety, throughput, feasibility, and

2.5 ARCHITECTURES

In this first, the architecture-based techniques for big data research in smart cities are exam-

ined, and anatomy of pertinent publications is presented and then summarized. The articles in

this area suggest an architecture to unravel problems and challenges. Then a synopsis of architec-

ture established systems is given. Summary of the preferred architecture-based systems Tang in-

troduced a hierarchically split fog computing architecture to support the accumulation of a sig-

nificant digit of foundational components and assistance in smart cities. To keep the futurity of

all residents, it is essential to totalize the mind in the fog calculating architecture (e.g., to take

outdata performance and feature derivation, to identify unique and difficult issues, and to offer

optimum solutions).
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3. RESEARCH QUESTIONS

In this analysis, we used two techniques. First, we systematically reviewed BDA frameworks

within the context of SCs. The list of nominee compositions is then diagnosed according to the

managed SC fields. This effort seeks to explore the recently posted articles presenting BDA

frameworks in the context of SCs. This survey allows exploring the investigation approaches in

these two areas together. During the identical period, it helps determine the typical traits of do-

main-independent BDA frameworks and compares them in the SC context.

4. METHODOLOGY

This unit offers an SLR process to do a large-ranging and moral analysis of big data operat-

ing procedures in smart cities. The SLR provides a basis or framework for good positioning for

new analysis strategies. These assessment practices require more industry than expected reviews,

and the SLR assessment techniques can require quantity-based model research. We investigated

this from respected periodicals such as Springer, IEEE, ScienceDirect, etc. This area contains

query building. The essential step of accomplishing an SLR is thoroughly studying the selected

papers.

5. DATA ANALYSIS

The development of big data analysis can be helpful in smart city transformations. Big data

typically offers enormous and detailed information that shows individuals' careers and is defin-

able in scope, research techniques, or consequences on corporations. Cities in the universe col-

lect much data applicable to city life from items and stakeholders. Thus, the Seoul form identi-

fied midnight Exploring an abstract of contemporary challenges, prospective analysis, available

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problems, and the efficient function significant data tolerating techniques can have in smart

cities.

6. CONCLUSION

To conclude, this research was founded on

REFERENCES: