According to Greek Mythology, Styx is a river that forms the boundary between Earth and the Underworld. The rivers Acheron, Cocytus, Lethe, Phlegethon, and Styx all converge at the center of the underworld on a great marsh, which sometimes is also called the Styx. “Risk surrounds and envelops us. Without understanding it, we risk everything and without capitalizing on it, we gain nothing.” This quote from The Psychology of Risk written by Glynis Breakwell says it all.
Malcolm will explore various physical as well as logical capabilities that when intertwined together create greater potential opportunities for positive social and economic benefit yet also generate magnified negative consequences. Consequences that impact not only the organizations we support but more importantly generate increased societal risks that we need to manage. He will discuss what we should be doing to integrate our views on this converged marsh of risk – since the boundary of earth and the underworld – physical and logical has been removed. He will also discuss how we can operationalize our controls to improve our abilities to sense, interpret, and act upon these risks so we can fully capitalize on the opportunities that lie ahead.