I chose this trend for two reasons

1. It is a strategic topic for our organisation at an exec and Board level

2. The adoption of AI across all business and society is rapid and impactful. AI is revolutionising how organisations work and is something that will differentiate how organisations perform.

We can prepare for it by:

1. Exploring it and learning more about it as seeing implementation as an opportunity and not something to be feared

2. Be well informed by consulting with experts in the field and learning what fits in the context of our organisation

3. Create an organisational position on AI and how it is applied across the business including how risks are managed

Potential risk if ignored

1. The organisation misses an opportunity to improve outputs and outcomes

2. There is a potential to be left behind by other competitors who are adopting the use of AI to improve efficiency and reducing corporate costs

3. The organisation can be seen by the sector and employees as risk adverse and not innovative. This may lead to talent loss from within and reputational impact internally and externally

I chose this trend because data security is so important to every organisation and it's an area that is constantly evolving. Like the development of AI, it's an issue that has huge impact but has no physical presence.

We can prepare for challenges in this space by:

• having proactive and reactive policies in place

• keeping up with the latest trends and consulting industry experts

The potential risks:

• Failure to protect personal data - regulatory breaches and financial penalties

• Failure to protect Intellectual Property - reputational risk and financial loss

  
  

This trend is under constant changes due to changes in policy, government and societal needs. The trend at the moment is to transition into a fee-for-service model rather than block funding

We can prepare for this challenge by remaining innovative in the services we offer and agile enough to be able to facilitate service delivery in a fee for service space as well as block funding. This is by having mechanisms in place to bill for servicing, as well has having clear ideas of breakeven organisational costs to ensure profitability.

Risk of inactions will be loss of programs (therefore decreased workforce), as well as lack of services available to people in need in our region