The Reduction of Latency – Actions::Consequences
Written by Glenn Dinetz Tuesday, 01 February 2011 20:05
A fancy sounding title for what may be some forgotten common sense. First, the word Latency; I like it; it resonates. While I wish I could say it is an original thought, it is not. Last spring I was invited to speak at the quarterly “Fraud Seminar” sponsored by Rutgers University and the Association of Certified Fraud Examiners (ACFE); NJ Chapter.
Professor Karl Dahlberg, who does an excellent job of coordinating the Rutgers Business School with both the ACFE and ISACA, let me know that the day’s concluding speaker was to be Professor Miklos Vasarhelyi. Dr. Vasarhelyi has impressive credentials and experience in accounting, business ethics and Information Systems.
The topic he spoke about was new to me, Continuous Monitoring, known as CM. Always interested in learning about what I don’t know, I found his presentation fascinating. In fact, it was so compelling that RGZ is currently developing a service offering in this area.
One of the key take-aways from his presentation was that technology has and continues to decrease latency. What is latency? Its simplest definition is that it is the synonym for delay. This series will explore some of the social and business effects decreasing latency and disruptive technologies.
Disruptive Technology is a term popularized by Harvard Business School professor Clayton Christensen in his book The Innovator's Dilemma. The definition that works best for me is new ways of doing things that disrupt or overturn traditional methods and practices. We might also say that we are in a period of ever increasing innovations to disruptive technologies.
As a company that specializes in risk and security, we at RGZ are always interested in cause and effect, actions and consequences. The next several parts of this series will highlight both the positive and negative effects of decreasing latency and disruptive technologies.
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