Jon Bosco: How to maximise AI returns while minimising risk

Jon co-founded eDelta Consulting, Inc. in 2000 alongside fellow Ernst & Young alumni, with a mission to deliver innovative Technology and Information Security services to Fortune 500 companies as well as dynamic mid-sized public and private organizations.

For over a decade, Jon has been at the forefront of evaluating information systems and business processes across industries ranging from financial services and retail to entertainment. 

Jon has branched into industries outside of the typical CPA range - such as Recruitment, Human Resources, and AI implementation. 

A sought-after speaker, Jon regularly shares insights on topics as wide-ranging as Sarbanes-Oxley, information security, Artificial Intelligence, disaster recovery, business continuity, corporate risk assessment, and Computer Assisted Audit Techniques (CAATs). 

Jon is also a Certified Public Accountant, serves on the board of ISACA, and is an active member of the Information Systems Security Association (ISSA). He earned his bachelor’s degree in Computer Science and a Master’s in Accounting from the State University of New York at Albany. 

Keywords

John Bosco, E-Delta Consulting, AI, risk management, information security, technology consulting, business growth, regulatory compliance, financial services, emerging technologies

In this episode of the C-Suite Framework podcast, John Bosco, founder of E-Delta Consulting, shares his journey from the Big Four to establishing his own consulting firm. He discusses the evolution of technology and risk management, the challenges organizations face with emerging technologies like AI, and the importance of learning from past events to navigate future risks. John emphasizes the need for organizations to adapt to changing regulations and the role of AI in transforming business operations.

Takeaways

John Bosco founded E-Delta Consulting to fill a niche in technology and information security services.

His experience in the Big Four helped him build confidence in consulting and communication.

E-Delta Consulting has grown to about 30 full-time employees, focusing on technology assurance and GRC.

Organizations are grappling with the risks associated with emerging technologies, particularly AI.

AI is seen as both an opportunity and a challenge for businesses, requiring careful implementation.

John emphasizes the importance of continuous learning and adapting to change in the industry.

Regulatory compliance varies significantly between the US and Europe, especially regarding AI.

AI is expected to transform various sectors, including finance, marketing, and legal compliance.

Organizations must be cautious and thoughtful in their approach to AI adoption.

Learning from past economic cycles is crucial for future preparedness. 

Chapters

00:00 Introduction to John Bosco and E-Delta Consulting

01:58 Career Journey and Founding E-Delta Consulting

07:45 Growth and Evolution of E-Delta Consulting

09:05 Challenges in Emerging Technologies and AI

14:27 Risk Management and Organizational Challenges

20:01 Comparative Analysis of US and European Regulations

26:47 AI in Risk Management and Business Operations

34:46 Future of AI and Its Impact on Industries

37:07 Learning from Past Cycles and Future Preparedness