Category Archives: Business: Executives

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8th Annual – Construction Audit & Cost Control Best Practices Roundtable Workshop


https://www.prweb.com/

Bellagio, Las Vegas

Very knowledgeable presenters. Excellent Workshop overall.

The Construction Audit & Cost Control Institute will be hosting our 8th Annual Construction Audit & Cost Control Best Practices Roundtable Workshop October 28-29 at Bellagio in Las Vegas. This year, we will once again be emphasizing the “roundtable” aspects of our workshop by providing ample time for interactive Q&A with our industry expert presenters. Anyone responsible for auditing construction activity and/or managing construction projects can benefit from this workshop.

Included are several networking opportunities: an evening reception, breakfast, refreshment breaks and lunch will be provided by Bellagio both days.

Space is limited. Reserve your seat now (option to pay later).

Course Level: Intermediate

CPE Hours: 16

LEARN MORE: Speaker’s Biographies, Learning Objectives, CPE, Venue, etc.

Reviews from Previous Workshop Participants:

“Participation encouraged variety of skills at the table. Overall a great learning experience.”

“Really enjoyed the real life examples and discussions about how to apply in your own job.”

“You seem to always have speakers with current pulse of industry.”

“Liked the interactive discussions about current trends.”

Learning Objectives:

  • Learn the latest best practices in use for construction audit and cost control
  • Obtain an update on the trends in tools and techniques used for construction audit and cost control
  • Explore specific case example results of current best practice construction audits
  • Have ample time to learn during question and answer sessions at the conclusion of each presentation .


Speakers:

1. Rich Brodowski – Project Executive – Surespan USA Inc.

2. Vince Chapman – Managing Principal – HPM Program Management

3. William Consolie – Global Practice Leader, Construction Services – Experis Finance

4. Tony Ollmann – Firm Director – Baker Tilly

5. Jake Ortego – Founder & Primary Partner – JA Cost Engineers & Advisors, Inc.

6. Adam Rouse – Director – BDO USA, LLP

7. Gregory Smith – Construction Counsel – Smith, Gambrell & Russell

8. Stephen Strohman – Supervisor, Advisory Services – Brown Smith Wallace LLC

9. Courtenay Thompson – Principal – Courtenay Thompson & Associates

10. Debbie Townsend – President – R. L. Townsend & Associates, LLC

11. Rich Townsend – President – Construction Audit & Cost Control Institute, Inc.

12. Paul Wallerus – Owner & Principal – C&M Construction Consultants, Inc.

13. Chris Wolbrink – President – SiteTraxx, LLC

14. Henry Woods – Supervisor, Advisory Services – Brown Smith Wallace LLC

Who Will Benefit from this Program:

  • Construction Audit Consultants
  • Internal Audit Professionals
  • CFO’s
  • Cost Engineers
  • Attorneys
  • Construction and Engineering Department Representatives
  • Facilities Management Department Representatives
  • Procurement Department Representatives


Venue: Bellagio, Las Vegas

Home of the Fountains of Bellagio and the Conservatory & Botanical Gardens – 2 of the top rated complimentary hotel attractions in the country! Offers 19 world-class dining options from casual to contemporary to AAA Five-Diamond, 9 of which have an outdoor patio overlooking the Fountains of Bellagio. Bellagio is a luxurious Las Vegas hotel complete with casino, restaurants, spas and nightlife.

Space is limited. Reserve your seat now (option to pay later).

Course Level: Intermediate

CPE Hours: 16

LEARN MORE: Speaker’s Biographies, Learning Objectives, CPE, Venue, etc.

Sponsor:

The Construction Audit & Cost Control Institute was established in 2008 to provide specific professional development training seminars to professionals interested in this specialized subject matter. Both Rich Townsend and Courtenay Thompson, Jr. have collaborated to provide development seminars related to construction audit and construction cost control seminars since 1985. For more information on our construction audit and fraud seminars, go to http://www.caacci.org.

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Allgress named a Challenger in Gartner 2019 Magic Quadrant for IT Risk Management


“We believe this recognition is a testament to our mission of helping customers adapt to continuously changing requirements to meet risk objectives,” said Jeff Kushner, Allgress Chief Marketing Officer.

Allgress, an industry-leading provider of Integrated Risk And Compliance Management solutions for organizations and their business partners today announced it has been chosen as a Challenger in Gartner’s July 2019 “Magic Quadrant for IT Risk Management” based on its ability to execute and completeness of vision. Allgress believes its recognition by Gartner in this Magic Quadrant is further proof that business must depend on automated, integrated risk management solutions to reduce business risk.

The Allgress Insight Risk Management Solutions Suite combines technology, processes and data to enable functionality that automates the complex task of providing visibility and accountability of the entire risk and compliance management process to identify and mitigate business risk before the potential impact of fines or harm to brand reputation.

“We are once again honored to be recognized by Gartner,” said Jeff Kushner, Allgress Chief Marketing Officer. “We believe this recognition is a further testament to our continuing mission to help customers adapt to continuously changing technological, regulatory, best practices and partner requirements to meet risk objectives.”

According to the report authors, Analysts Khushbu Pratap and Brian Reed, “By 2025, 60% of global IT risk management (ITRM) buyers will depend on risk management solutions to aggregate digital risks in their business ecosystem, up from 15% in 2019. Through 2025, 50% of ITRM solutions will evolve to support digital risk management capabilities, including cloud, operational technology (OT), Internet of Things (IoT) and the social media environments of digital businesses, up from less than 30% in 2019.”

Source: Gartner, Magic Quadrant for IT Risk Management, Khushbu Pratap, Brian Reed, 3 July 2019.

Gartner Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Allgress

Allgress is a global provider of automated next-generation integrated cloud and on-premise IT Security, Compliance and Risk Management Solutions for organizations and their business partners to meet business objectives with less risk. Allgress solutions enable organizations to automate processes for assessment, reporting, monitoring and remediation of business risks with less complexity and reduced management costs. Unlike other similar solutions, Allgress’ patented award-winning technology allows customers to continuously derive quicker-time-to-value, reducing business risk without an army of consultants.

For additional information, please visit us at https://allgress.com or connect with us on LinkedIn, Twitter and Facebook.

Media Contact:

Jeff Kushner

Jeff.Kushner@allgress.com

281-467-5877

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Golden Corral Announces New Units


Golden Corral, the nation’s largest grill-buffet chain, is leveraging its increased brand awareness with an aggressive growth strategy to rapidly expand into new territories across the country.

The brand started as a single restaurant in Fayetteville, North Carolina, in 1973, and has experienced steady growth throughout its long history. Golden Corral is the industry leader in the buffet category and currently has nearly 500 restaurants operating in 41 states nationwide, with more to come over the next several years.

Later this year, Golden Corral will open its first location in New York City, with a restaurant in the Bronx, and it is looking to bring the concept to additional areas throughout the tri-state market. In the first half of 2019, the company signed agreements with a mix of new and current franchisees to open an additional 13 restaurants across the country in the coming years. One of the agreements is for a new location in Manchester, New Hampshire, which will be the first Golden Corral in that state. This follows the company’s success in recent years with its expansion into California and other new territories on the west coast.

Road to Expansion:


  • Golden Corral has created inroads in these newer markets in the northeast and the west coast through increased brand awareness from a decade of national television advertising. Viewers across the country are exposed to the brand’s new national campaign, The Only One for Everyone. It focuses on customers coming together at one place where everyone gets a home-cooked meal at a great price.
  • The brand has been adding new locations throughout the U.S., including the states of New York and California. While other franchises have shied away from these challenges, Golden Corral has capitalized on its momentum to break into these regions and flourish. The company opened its first restaurant in California in 2012 and now has more than 20 locations in the Golden State. The state of New York is home to seven locations, with the first New York City Golden Corral restaurant opening soon.
  • The family favorite dinner choices will remain the same, but the look of Golden Corral is changing. The company’s new prototype building, the Gateway, features a contemporary appearance with oversized windows, stacked fireplaces, redesigned buffet service areas, and multiple seating zones to give customers a more relaxed dining experience.
  • Golden Corral is also exploring new opportunities in different venues, such as in-line retail shopping centers, conversion of existing buildings, and malls. The first Golden Corral mall location opened earlier this year in Puyallup, Washington.

“The growth of Golden Corral is a testament to stable leadership, with only three CEOs in 46 years. The brand was founded with a commitment to providing abundance and variety at a reasonable price,” said Van Ingram, Golden Corral’s Vice President of Franchise Development. “Today guests are still hungry for Golden Corral’s unique home-style cooking favorites, and entrepreneurs are jumping on the franchise opportunity to bring Golden Corral’s famous buffet experience to their communities.”

To learn about a franchise opportunity with Golden Corral and its available markets throughout the country, click HERE for more information.

About Golden Corral:

Golden Corral, based in Raleigh, N.C., is the nation’s largest grill-buffet restaurant chain with 491 restaurants operating in 41 states as of August 2019. Golden Corral is famous for its variety, including USDA steaks cooked to order, smoked meats, savory pot roast, hot yeast rolls, and desserts like homemade carrot cake and the Chocolate Wonderfall®.

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Axiom Bank, N.A. Hires Lisa Johanning as VP, Consumer Loan Program Manager


Lisa has demonstrated the ability to drive consumer loan product growth.

Axiom Bank N.A., a Maitland-based, leading community bank, recently welcomed Lisa Johanning as VP, Consumer Loan Program Manager.

In this role, Johanning will oversee the development and introduction of new credit lines for retail customers.

Johanning has more than 15 years of direct and indirect experience for subprime, non-prime and prime lending.

“Lisa has demonstrated the ability to drive consumer loan product growth,” said Urjit Patel, Executive Vice President of Consumer Banking of Axiom Bank. “This will greatly benefit customers looking for new opportunities to improve their buying power,”

Johanning earned her bachelor’s degree at the University of Central Florida.

For more information about Axiom Bank and to find the nearest location, visit AxiomBanking.com.

About Axiom Bank:

Axiom Bank, a nationally chartered bank headquartered in Central Florida, serves the financial needs of its customers through a wide range of banking solutions and a commitment to exceptional service. The bank has a rich history dating back to 1963.

By definition, “axiom” means “a universally recognized truth” – the name exemplifies the bank’s principles of truth, trust, value, convenience, and service excellence. Axiom Bank holds the SBA Preferred Lender status, and specializes in commercial loans, treasury management and other merchant services. The bank also offers asset-based lending and invoice factoring through its division, Allied Affiliated Funding. Axiom is constantly working to expand its services and products and provides consumer banking through over 20 branches, primarily in select Walmart Supercenters®, to conveniently serve local communities.

Visit http://www.AxiomBanking.com. Member FDIC. Equal Housing Lender.

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Uni K Wax Studio Honored for Fast Growth


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“Our placement on this prestigious list speaks to the quality of our brand and our passion to continue to grow while providing superior service to our Uni K Wax customers across the country.” – Noemi Grupenmager, founder and CEO of Uni K Wax

UWK Franchising Company, LLC, parent company to Uni K Wax Studio, a national franchise offering all-natural, unisex, body waxing services, just landed on the Franchise Times Top 200+ for the first time. The company is ranked at 497 on the newly released list of best performing franchise systems in the United States. The list ranks 500 franchise-based businesses on systemwide sales for the previous year. Uni K Wax brought in $20 million in systemwide sales in 2018.

“We are thrilled to receive national recognition for our strategic growth,” says Noemi Grupenmager, founder and CEO of Uni K Wax. “Our placement on this prestigious list speaks to the quality of our brand and our passion to continue to grow while providing superior service to our Uni K Wax customers across the country.”

Uni K Wax Studio currently has franchise locations in Florida, New York, New Jersey, and Iowa. It is a key player in the body wax franchise industry.

“This ranking shows our business model resonates with entrepreneurs with the desire to invest in a solid franchise as well as to customers that want a top-notch service by trained professionals using an all-natural paraben free & gluten free proprietary elastic wax,” says Luis Rodriguez, Director of Franchise Sales. “With the systems and infrastructure in place, Uni K Wax is poised for growth in a wide-open sector of the stable and growing beauty and personal care industry.”

The 2019 Franchise Times 200+ is considered the most comprehensive ranking of the 500 largest U.S. franchise systems. The Franchise Times research team spends five months compiling data to build the list, using a combination of companies’ voluntary reports and publicly available data, like the franchises’ most recent franchise disclosure statements and Securities and Exchange Commission filings.

About Uni K Wax Studio

Founder Noemi Grupenmager revolutionized the beauty industry, bringing hair removal services from afterthought to routine beauty practice. Underwhelmed by her experiences, Noemi made it her mission to create a waxing-only salon for both women and men that was hygienically pristine, completely approachable and a one-of-a-kind business. In 1993, she opened the first-ever unisex waxing Studio in South Beach and within six months the studio was servicing 200 customers a day.

In 2007, Uni K Wax began franchising under its parent company, UKW Franchising Company, LLC. Based in Aventura, Florida, the brand currently has 33 units in operation throughout Florida, New Jersey, New York, and Iowa.

Uni K Wax Studio is devoted to the art of natural and safe hair removal in a clean and comfortable environment. They manufacture and supply their own wax to Uni K Wax Studios nationwide and offer both walk-in and by appointment service to male and female customers. Uni K Wax offers customers over 160 waxing services centered around their all-natural, paraben & gluten-free elastic wax. The wax is applied at body temperature which makes for a more comfortable waxing experience.

For more information about Uni K Wax, please visit http://www.unikwax.com.

For more information about Uni K Wax franchise opportunities, please visit https://unikwax.com/franchises/.

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Expert Crystal Report Writer Reports ‘Using Your Data To Improve Customer Relations’


expert Crystal Report Writer

An often-overlooked concept is that solid customer relations start with the product, be it a tangible object or a service.

Customer relations is a complete process that starts with offering products or services and follows all the way through to a satisfied customer. The ability to monitor and assess the entire process at any given point in time is a powerful management tool and Laurel Anderson, an expert Crystal Report Writer, has published a report about the benefits of using company data to improve customer relations.

Using your data to improve customer relations

An often-overlooked concept is that solid customer relations start with the product, be it a tangible object or a service. The product can be the fruit of a bright idea that grows into a profitable venture or the result of customer suggestions to improve existing products. The key to successful customer relations, for businesses of any size, is to be sure that the products and services fit with the company brand and philosophy.

The ability to track customer satisfaction makes sure that existing and proposed products are meeting customer needs within the capacity of the business. The leading causes of business failure include overextending and not being able to satisfy customer demand, and offering products that fail in the market place.

To develop and retain customer satisfaction, which translates to excellent customer relations, management needs critical data from all operations, including:


  • Production, inventory, and shipping: is production running smoothly? What factors are causing delays? Is product inventory within acceptable levels? If production is too low or too high, why? On-time shipping and deliveries are a big plus for excellent customer relations.
  • Quality assurance: Are there product failures during quality testing? Are customers complaining about failures or reporting problems?
  • Are customers complaining about the level of service or product performance?
  • Are customers asking questions about how to operate and maintain the products?

Benefits of a Crystal Reports System

A custom Crystal Report Writer system with the capability to pull raw data from various systems within a company gives management access to critical information in a timely manner. The agility of a customized system provides both standard reports and the ability to create specialized reports, as they are needed.

For example, what if customers are complaining about deliveries arriving later than promised? The contributing factor could be delays in the supply chain, an understaffed production line, or an increased demand that exceeds current production capacity.

Once a problem surfaces the options for fixing the problem include looking at data from different sources:

  • If hiring new staff is an issue, what is the cost and time frame for hiring and training new staff compared to paying overtime?
  • What are the projected costs and benefits of expanding production to meet demand? Is the demand a sign of growth or a temporary spike?
  • What is the cost of adding more suppliers?

Traditionally, these answers come from reports that are generated within the appropriate departments then handed-off to management for analysis. This takes time. Even a day or two can be a serious delay in the pace of today’s competition. Dissatisfied customers are going to demand refunds, take their business elsewhere, and complain to friends, associates, and on social media.

The ability to quickly identify factors that contribute to unhappy customers is critical to keeping your business on track. Even businesses with a handful of employees need analytical tools that provide thorough business views at any time, for any reason.

A customized Crystal Report system is designed to help you access all of your company data from any source. Working with an expert from Crystal Report Writers can help you create the reports you need to turn raw data from several sources into useful data for accurate and timely analysis.

A Crystal Report System can be designed to your company’s unique requirements:

  • Giving you timely access to current data about customer contacts
  • Retaining historical data about past issues
  • Generating comparison reports about production, shipping, quality assurance and other factors contributing to customer complaints
  • Generating forecasting reports

About Crystal Report Writers

Crystal Report Writers has been assisting hundreds of businesses and corporations to manage, understand, and work with business data in productive ways since 1998. Well-designed and informative reports are only one aspect of understanding and managing business data and Crystal Report Writers includes training key staff in every project.

Crystal Report Writer

Paso Robles, CA 93446

(805) 769-2034

This press release is by Paso Robles Marketing and SEO company Access Publishing, 806 9th Street, #2D, Paso Robles, CA 93446. (805) 226-9890.

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Crisp Strengthens its Leadership and Advisory Teams with Key Appointments


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Crisp, the leading provider of Social Media Safety, has named Michael Stern to the role of CMO. Stern will lead Crisp’s global marketing team, providing guidance and strategic oversight for integrated marketing efforts to demonstrate the value and urgency of crisis monitoring for brands around the world. He will report to Crisp President Vikram Sharma in Chicago. In addition to Stern’s appointment, Paul M. Rand, VP of Communications at The University of Chicago, has joined Crisp as an advisory board member.

“Crisp has grown significantly over the years. This year in particular, we’ve really solidified our position as a leader and category definer in the Social Media Safety and crisis monitoring space,” said Sharma. “We’re at a tipping point in our growth, and as we head into the next phase of our journey, Michael and Paul will be instrumental in strengthening our position in the market. These meaningful additions to our leadership and advisory teams are exactly what we are looking for as we continue to elevate our brand.”

Most recently serving as a Global Business Lead at Leo Burnett, Stern comes to Crisp with more than 20 years of marketing experience working with some of the world’s leading technology, CPG, food and beverage, hospitality, personal care and retail brands. Prior to Leo Burnett, Stern started his career in public relations before serving on the executive teams of Omnicom’s premiere social media and digital marketing agencies.

“In recent years I’ve witnessed firsthand the rise of harmful social content and the negative effect it can have on today’s leading brands,” said Stern. “I was incredibly impressed with Crisp’s solution as well as its rapid expansion to Chicago in June. I’m excited to work with Vikram and the leadership team to demonstrate the value of Crisp’s services to global brands, and elevate our position within the marketplace.”

As a member of the advisory board, Rand brings his experiences as a leader in the marketing and communications space, as well as his entrepreneurial background, to the Crisp team as the organization works to protect the market capital of today’s largest brands. Rand currently serves as Vice President of Communications at the University of Chicago. Prior to that, he was Chairman at Critical Mass/Zócalo (a division of Omnicom Group). He founded and led two successful agencies: Corporate Technology Communications, one of the nation’s largest independent public relations firms, and Zócalo Group, a full-service digital and social media agency, both of which were acquired.

“Social media is becoming increasingly weaponized as more people leverage the channels to spread misinformation and harmful content,” said Rand. “Brands are just beginning to fully realize the negative impact — both in reputation and valuation — that social media can have when it is used in this way. I’m very pleased to support the team in helping educate brands on the issue and devise pragmatic solutions to address them.

For more information about Crisp’s services, please visit http://www.crispthinking.com.

About Crisp

Crisp is the leading provider of Social Media Safety for global brands, protecting their enterprise and brand value from harmful social content by guaranteeing they are always first to know and first to act. By combining artificial and human intelligence, Crisp’s extended intelligence delivers brand-specific, continually-tuned, 24/7 Social Media Safety with no false alarms to assure C-level peace of mind. Fortune 1,000 brands trust Crisp for their Social Media Safety, equating to more than $3T in market cap. Crisp is headquartered in the UK with North American headquarters in Chicago, and offices in New York, San Francisco, Los Angeles and London. For more information, visit https://www.crispthinking.com/.

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Swapnil Bora Takes the Helm at MeshTek® Labs


Swapnil Bora has the dedication, entrepreneurial spirit and engineering know-how to take on the rapidly changing Internet of Things (IoT) and LED lighting marketplace, said Mark Cuban

The Board of Directors of ilumi Solutions/ Meshtek Labs announce Swapnil Bora as the CEO of MeshTek Labs, an Internet of Things (IoT) company based in Dallas, TX. The company creates and builds smart lighting, sensors, and a variety of other systems that operate on a proprietary Bluetooth® mesh networking platform for direct customers and OEMs. The company also provides complete IoT development services including firmware, software, hardware and the cloud tailored to customer needs.

MeshTek® uses a unique combination of most advanced Bluetooth Mesh along with a BLE-Ethernet-WiFi-Cellular Gateway hardware, software, and cloud business-to business solutions to enable commissioning, communication, control, and customer support for commercial, residential and industrial devices.

MeshTek Labs grew out of the business acumen and engineering backgrounds of Swapnil Bora and Corey Egan. In the Fall of 2010, then MBA classmates, Bora and Egan, took their vision to make light better to the annual Business Idea Competition at the University of Texas at Dallas. Their idea for an app-controlled LED light bulb won first place and additional venture challenges delivered $50,000 worth in prize money which funded the company and Ilumi was born. In 2014, Bora and Egan appeared on the ABC reality TV series “Shark Tank” and won the attention and support of billionaire and the NBA’s Dallas Mavericks owner, Mark Cuban who included Ilumi in his business portfolio. With the successful spin out of the consumer-focused smart bulbs business, Ilumi was renamed MeshTek Labs in August 2019 to better reflect the company’s business-to-business positioning and is now led by Swapnil Bora.

“Swapnil Bora has the dedication, entrepreneurial spirit and engineering know-how to take on the rapidly changing Internet of Things (IoT) and LED lighting marketplace,” said Mark Cuban, owner of the Dallas Mavericks, one of ABC’s “Sharks” on the hit show Shark Tank, and an investor in an ever-growing portfolio of businesses, “Under his leadership, we expect to see MeshTek Labs revolutionize how devices are controlled with edge computing and how connectivity will impact daily business activities.”

MeshTek Labs takes the ilumi Bluetooth Mesh and applies the technology to the business-to-business environment allowing networking and control of a variety of commercial LED light sources across large applications such as greenhouses, infrastructure, commercial and industrial buildings, landscape and outdoor spaces, garages, hospital and hospitality and residential applications.

“Currently there are over 150,000 active MeshTek devices operating around the globe. By helping OEMs to easily connect their devices to the Internet of Things and bring them to market faster with easy end customer support tools, MeshTek Labs is revolutionizing the way lighting and other commercial and infrastructure systems will be controlled and data communicated,” said Swapnil Bora, Founder and CEO of MeshTek Labs, “I look forward to building on our success and moving the company into the lead position as the robust IoT platform accompanied with the edge computing and artificial intelligence.”

Bora holds 20+ patents and has published and presented research papers at national and international conferences. He has worked with Deloitte, Honeywell, and Siemens in technology strategy consulting and design & development roles, and mSolve Partners in corporate development and technology commercialization. He has spoken at various international summits including Bluetooth World at Santa Clara, Smart Home Summit at San Jose, Jain International Trade Organization, Dubai, The US-China Clean Tech Summit, China and Institute of Engineers, India. Bora has MBA in Finance and Strategy from The University of Texas at Dallas, USA, and B.E. in Electronics & Telecom from University of Pune, India.

For more information on MeshTek Labs and the company’s revolutionary Internet of Things (IoT) and smart lighting products portfolio, visit https://meshtek.com/.

About MeshTek Labs

MeshTek Labs, headquartered in Dallas TX, creates and builds smart lighting, and a variety of other systems that operate on a proprietary Bluetooth® mesh networking platform with built in Artificial Intelligence and Edge Computing solutions for direct customers and OEMs. MeshTek is a unique IoT (“Internet of Things”) platform that uses Bluetooth Low Energy to form both broadcast and connection mesh networks along with optional BLE-WiFi-Ethernet-Cellular Gateway solutions, enabling efficient communication and control among networked devices. Featuring a series of extensible firmware, hardware and software products, MeshTek can be custom-tailored to meet customer application and product requirements. Learn more at https://meshtek.com/

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Steel City Re Develops Corporate Checklist for Forging Reputational Resilience


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Nir Kossovsky, CEO of Steel City Re

“With a record number of CEOs losing their jobs last year, and the number of reputation-based lawsuits over board-level oversight surging, corporate leaders clearly need a preemptive reputational risk management strategy.”

Although the reputations of companies and their leaders are more vulnerable than ever, there are seven practical steps they can take to forge reputation resilience, reports a white paper https://steelcityre.com/wp-content/uploads/2019/10/Pub-0036-Reputation-Risk-Management-Checklist-20191001.pdf from Steel City Re, which provides insurances and reputation risk governance advice.

“With a record number of CEOs losing their jobs last year, and the number of reputation-based lawsuits over board-level oversight surging, corporate leaders clearly need a preemptive reputational risk management strategy,” says Steel City Re CEO Nir Kossovsky.

“Ninety percent of the S&P 500 refer to reputation in their SEC filings as a material risk – but most never describe their strategy for mitigating it,” says Kossovsky. And yet, says Kossovsky, most corporate leaders do not fully appreciate that reputation risk is actually the peril of angry disappointed stakeholders. It is not a marketing problem. “When boards disclose reputation as a material risk without truly understanding it or appropriately mitigating it as a governance and operational problem, they are putting themselves and their companies in even greater peril.”

Milestones on the road to corporate reputational resilience lay in a seven-point checklist, cited in Steel City Re’s latest white paper:

1.    The board of directors comprehends the true nature of reputational risk – economic damage and go-forward losses resulting from the behaviors of angry and disappointed stakeholders, as opposed to merely negative media coverage.

2.    A board committee oversees the corporation’s enterprise-wide policies, practices and procedures that mitigate and manage reputational risk.

3.    Senior management sets appropriate stakeholder expectations by bridging risk management and marketing silos—so that aspirational messaging doesn’t outpace actual performance.

4.    Treasury understands the peril is to cash flows rather than balance sheet and is prepared to fund reputation losses with insurance captives or risk transfer solutions.

5.    Risk management continually assesses stakeholder expectations, taking into consideration rapidly changing cultural and political events, and has a clear understanding of the full spectrum of operational and financial strategic options to manage and mitigate potential losses from those perils.

6.    The company deploys preemptive, simple, easy to understand expressive risk management strategies such as warranties and insurances to inform and substantiate the marketing department’s messaging. Communications activities support risk management with signals of governance integrity.

7.    Key stakeholders appreciate and value the company’s enterprise-wide mitigation and governance efforts.

Steel City Re

Steel City Re, backed by Tokio Marine Kiln, provides advisory services and reputation insurances. The company pioneered synthetic measures of reputational value that inform its solutions. These measures are also used by Wall Street for equities arbitrage strategies, Lloyd’s and other insurers for both parametric risk transfer and insurance captive compliance.

Through its advisory services, it deploys state-of-the-art reputation risk governance and enterprise risk management solutions, and models potential losses. Its risk financing and risk transfer services comprise pricing and underwriting support for insurance captives and risk transfer

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Agenda Announced for the 24th Annual Enterprise Data World Conference


Enterprise Data World

Enterprise Data World

the most necessary education for enterprises, as it offers a unique and comprehensive Data Management program.

DATAVERSITY Education, LLC and DAMA International announced the agenda and opened registration today for the 24th annual Enterprise Data World Conference (EDW). The event will be held March 22-27, 2020, at the Sheraton Hotel & Marina in San Diego, Calif. For more details about the program, speakers, registration options, and venue, visit http://enterprisedataworld.com.

Last year, over 1,000 business and IT professionals attended this six-day event, which DATAVERSITY CEO and program chair Tony Shaw describes as “the most necessary education for enterprises, as it offers a unique and comprehensive Data Management program.” Industry experts from around the world will present workshops, tutorials, seminars, case studies, and five-minute “lightning talks” on a variety of topics, including Data Strategy, Data Modeling, Metadata Management, Business Intelligence and Analytics, Data Governance and Quality, Data Architecture, and much more. New content tracks for 2020 event include Data Literacy, Human Factors, and Digital Transformation.

EDW is certified by DAMA International and satisfies the continuing education requirements for the Certified Data Management Professionals (CDMP) credential, which was established in 2004 as the gold standard for measuring accomplishment in the Data Management field. CDMP training and testing will be available at this year’s conference. The schedule can be found at edw2020.dataversity.net/cdmp.

Confirmed sponsors for EDW 2020 include Data Advantage Group, erwin, FairCom, IDERA, Innovative Systems, Octopai, ADRM Software, Ataccama, Experian, Melissa, PoolParty, Stardog, TopQuadrant, Data Governance Professionals Organization, Global Data Strategy, GraphGrid by AtomRain, LeapAnalysis, The Data Administration Newsletter, and Texas A&M University.

About DATAVERSITY

DATAVERSITY is a producer of educational resources for business and information technology professionals on the uses and management of data. Our team strives to provide high-quality content to the worldwide community of practitioners, experts, and developers who participate and benefit from our face-to-face hosted conferences, free online conferences, live webinars, white papers, online training, daily news, articles and blog posts, and much more. For more information, please visit https://dataversity.net.

About DAMA

DAMA International is the Global Data Management Community and is governed by an Executive Board and an Advisory Board consisting of recognized leaders in the field of information management. DAMA produces an annual Symposium that is the premier event in the arena of Data and Information Management. DAMA annually honors individuals who have distinguished themselves in the area of data and information management with the DAMA Achievement Awards. For more information, please visit http://dama.org.

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