Union Pacific CISO Gives a Shout Out to HDR’s AIE Framework

Union Pacific CISO Gives a Shout Out to HDR’s AIE Framework

Doug Hubbard and his team’s work is mentioned in high regard often in articles, by peers and clients alike. Perhaps it’s because HDR utilizes native Excel to create custom automation models for each client’s specific needs – without any limitations of an existing software solution and without annual licensing or subscription fees that often come along with traditional software solutions.

This week an article in InfoSec 2020 was brought to our attention where Doug is mentioned specifically by the Union Pacific CISO, Rick Holmes. Union Pacific is the second largest railroad system in the United States and is one of the largest transportation companies in the world.

A portion of the article reads, “UP assesses and analyzes risk from four different perspectives – those of an insurance company or actuarial expert, a compliance auditor, a legal advisor and the mind of an attacker. Key to the process, however, is the risk probability modeling that the cyber risk assessment team developed in order to statistically convey to upper management the likelihood of a cyber event occurring and the calculable monetary loss that would result.

For this, UP recruited management consultant and author Douglas Hubbard, who helped devise a framework that analyzed and categorized UP’s computing environment into various asset classes.”

Read the full article here.

The AIE Academy, Executive Online Learning

The AIE Academy, Executive Online Learning

Doug Hubbard developed the Applied Information Economics (AIE) methodology over two decades ago and it has been his life’s work ever since. During that time he has been across the globe and back again consulting with various departments and functional groups within local, regional, national and global organizations and across dozens of industries.

It was requests from our clients that started our journey of developing webinars and teaching the AIE concepts to their new employees, which evolved into the ability to reach a much broader audience. With an ever-growing global client base, it has become increasingly challenging to create course times to suit everyone’s schedule.

This is why HDR is so excited to introduce, The AIE Academy. This new online learning portal will eventually allow 24/7, global access to the majority of our powerful, world class training per your schedule, not ours.

Watch this quick intro video below to learn more before clicking here to visit The AIE Academy page.

VA Case Study: Measuring the IT Departments Contribution to Mission Results

VA Case Study: Measuring the IT Departments Contribution to Mission Results

Even excluding the value of other strategy improvements, the AIE methodology provided a 300:1 payback for the VA. The document below is meant to serve as a summary of an actual case study we performed for the Veterans Administration.  While some sections of the original document have been omitted due to length, and/or renumbered, no information contained within has been edited.

Please note pages 1-3 are verbatim from the client. All other sections of the document were completed by Doug Hubbard with the assistance of the VA staff participating in the study.

Please contact us at info@hubbardresearch.com to request the original document in its entirety or to set up a call to learn more about what we can do for you. Click the link below to view the summary document.

VA_Measuring IT’s Contribution to Mission Results_HDR1

HDR Extends its Partnership with the GFOA

HDR Extends its Partnership with the GFOA

In an effort to provide a current picture of COVID-19 to help our members in their decision making processes, GFOA partnered with Hubbard Decision Research.

Matt Millar, Sr. Quantitative Analyst, has been acclaimed for his COVID-19 forecasting since January of 2020.  Matt and Doug Hubbard provided a live webinar back on May 11th to the GFOA regarding the virus, the accuracy of the data and how public finance appears to hang in the balance of governmental response. HDR now extends that partnership with the GFOA by providing ongoing COVID-19 forecasts for it’s over 20,000 strong membership.

See the latest HDR COVID-19 Prediction Model (5/21/20 through 6/18/20) here. 

COVID-19 Forecasting for Finance Officers

COVID-19 Forecasting for Finance Officers

HDR is proud to announce a timely collaboration with the Government Finance Officers Association (GFOA). Founded in 1906, the GFOA represents public finance officials throughout the United States and Canada and has readily accepted the leadership challenge of public finance. Its more than 20,000 members are federal, state/provincial, and local finance officials deeply involved in planning, financing, and implementing thousands of governmental operations in each of their jurisdictions.

Webinar Date & Time:  Monday, May 11th, 1pm – 2pm CDT    CPE Credits:  1

Webinar Objectives:  Those who successfully complete this webinar should obtain a solid understanding of each of the following:

  • Learn the most important metric for the current level of public safety and contagion risk.
  • Learn the important pitfalls to watch in how the spread/prevalence of COVID-19 is commonly reported.
  • Learn to separate the wheat from the chaff in COVID-19 reporting and statistics.
  • Be aware of the early indicators for possible resurgence in your region.

Doug Hubbard (President) and Matt Millar (Sr. Quantitative Analyst) will cover how COVID-19 data, stories and reporting are pervasive, yet incomplete, and how public finances appear to hang in the balance of governmental response. HDR has been acclaimed for their COVID-19 forecasting since January 2020.  However, both HDR and the GFOA know financial officers need more that just accurate data to make the best financial preparations and decisions for their communities, they need the 21st century tools to use it.

Learn more here.

Doug Hubbard Presents at ISACA Monday, June 1st, 8:30am-4:30pm CDT

Doug Hubbard Presents at ISACA Monday, June 1st, 8:30am-4:30pm CDT

ISACA is an international professional association focused on IT governance. It was known as the Information Systems Audit and Control Association, although ISACA now goes only by its acronym.

On day one, Monday June 1st, of the ISACA two-day (6/1, 6/2) risk management virtual seminar, Doug will lead a webinar from 8:30am – 4:30pm CDT, based on the 2nd edition of his book, The Failure of Risk Management. Doug is the creator of the quantitative risk assessment methodology, AIE (Applied Information Economics). The AIE method is used by Fortune 500 companies, federal and state governments, the U.S. military, and leading multi-national corporations across the globe.

Doug’s webinar will guide you through how risk management is failing today, including taking a look at the critical flaws of existing methods and how in the 21st century these antiquated models expose organizations to even greater risk. Participants will also learn what they can do to improve their risk management systems by using proven, quantitative methods to reduce uncertainty and make better decisions. (8 CPEs)

The ISACA community is guided by a purpose and promise, which defines the essence of who they are and what they do. Their purpose is the reason they exist—to help business technology professionals and their enterprises around the world realize the positive potential of technology. Their promise is how they, as an organization and as individuals, deliver on their purpose: inspiring confidence that enables innovation through technology.

ISACA has served their professional community for more than 50 years. The association was incorporated as the EDP Auditors Association in 1969 by a small group of individuals who recognized a need for a centralized source of information and guidance in the new field of electronic data processing audit. Today, ISACA serves 145,000 professionals in 180 countries, who span several roles in assurance, governance, risk and information security.

Click here to learn more and register. 

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