The Pathway to Innovation: Understanding and Embracing Cascading Risk for Technological Progress | A Conversation With Trond Arne Undheim | Redefining CyberSecurity Podcast with Sean Martin

Guest: Trond Arne Undheim, Founder of Yegii [@Yegii_Insight] and Research Scholar in Global Systemic Risk, Innovation, and Policy at Stanford University [@Stanford].On Linkedin | https://www.linkedin.com/in/undheim/On Twitter | https://twitter.com/trondauWebsite | https://trondundheim.com/On Facebook| https://www.facebook.com/trond.undheim/On Instagram | https://www.instagram.com/trondundheim/?hl=enOn YouTube | https://www.youtube.com/channel/UCI4EpjuQzb58EiawzElwvYQ____________________________Host: Sean Martin, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining CyberSecurity Podcast [@RedefiningCyber]On ITSPmagazine | https://www.itspmagazine.com/itspmagazine-podcast-radio-hosts/sean-martin____________________________This Episode’s SponsorsImperva | https://itspm.ag/imperva277117988Pentera | https://itspm.ag/penteri67a___________________________Episode NotesIn this thought-provoking episode of the Redefining CyberSecurity podcast, host Sean Martin is joined by futurist, Trond Arne Undheim, as they engage in a deep conversation about the intersection of technology, innovation, and risk management. Trond offers deep insights into the world of risk and the need for new paradigms to address emerging challenges.The conversation starts with a discussion on the importance of systematic feedback and validation-driven strategies in fostering innovation. Sean and Trond highlight the positive aspects of risk information, emphasizing that it can help save resources by redirecting efforts towards more viable avenues.Sean and Trond explore the notion of systems thinking and the challenges it presents. They explain that when we describe something as a "system," it implies that it is something we cannot fully control, but rather something we are amidst. They also touch on the concept of cascading risks, highlighting the potential dangers of multiple risks working together.The conversation shifts to the role of organizations in managing risk. Sean and Trond acknowledge the complexity and short-term focus of many risk management approaches and express the need for new institutions (non-profit, government, etc.) and companies (commercial product/service providers, for example) to address this gap. They mention the rise of industries focused on specific risk areas, such as cybersecurity and ESG risk, and predict that more industries will emerge to provide risk management services. Sean and Trond also explore the idea that a higher level of risk can spur innovation, but caution against irresponsible risk-taking. They stress the importance of finding a balance between risk and innovation.Join Sean and Trond for an engaging conversation rooted in philosophical discussion about the future of technology, the potential risks posed by emerging technologies like AI and bio-risks, and the impact of risk management on society. This episode of Redefining CyberSecurity Podcast helps to navigate the challenging landscape of technology and risk. We hope you enjoy it!____________________________Watch this and other videos on ITSPmagazine's YouTube ChannelRedefining CyberSecurity Podcast with Sean Martin, CISSP playlist:📺 https://www.youtube.com/playlist?list=PLnYu0psdcllS9aVGdiakVss9u7xgYDKYqITSPmagazine YouTube Channel:📺 https://www.youtube.com/@itspmagazineBe sure to share and subscribe!____________________________ResourcesYegii | https://yegii.org/blog/____________________________To see and hear more Redefining CyberSecurity content on ITSPmagazine, visit:https://www.itspmagazine.com/redefining-cybersecurity-podcastAre you interested in sponsoring an ITSPmagazine Channel?👉 https://www.itspmagazine.com/sponsor-the-itspmagazine-podcast-network Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.