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Unveiling the Power of Conferences: The Impact of Conferences on Industry Insights and Innovation

With our 2024 in-person conference just around the corner, Third Party Risk Association (TPRA) would like to share the wide array of benefits which come from attending an industry-specific conference.


In the ever-evolving landscape of professional development and networking, conferences stand out as vibrant hubs for knowledge exchange, innovation, and collaboration. Throughout this five-part blog series, we will delve into the multifaceted advantages that conferences offer. Each installment will explore a different facet of how conferences empower individuals and organizations alike.


Today’s blog focuses on the Impact of Conferences on Industry Insight & Innovation.  It highlights how these events provide a platform for professionals to engage with peers and leaders in the exchanging of research, trends, and innovative ideas. Attendees benefit from interactive sessions, panel discussions, and networking events, gaining insights that fuel forward-thinking strategies. This blog will explore how attendees can maximize these opportunities for staying updated, engaging with industry leaders, and contributing to their respective fields' growth.


Embracing Technology, Trends, & Research

Conferences are a conduit for collaboration on emerging risks, solving for TPRM challenges, and working together on new and innovative approaches to mitigate third party risk. These interactions not only deepen individual knowledge, but also contribute to industry growth and development by promoting innovation and shaping future techniques.


Attending the Third Party Risk Madness conference will help you stay updated on the latest advancements in technology and industry trends. With 56 total sessions spread over 4 days, including three keynote speakers, 12 roundtables, and four demo sessions, you can gain insights from knowledgeable industry professionals. Participate in sessions on technology and emerging risks, engage with industry leaders during networking events and roundtable sessions, and follow up with speakers and attendees post-conference for further discussions and insights.


Following a conference, thank speakers and attendees for their insights, follow-up through email or social media, share thoughts on their presentations, ask about resources available, and offer to connect via coffee meetups, virtual discussions, or collaborative projects to strengthen relationships and foster knowledge sharing.  This ensures that conversation don’t stop with the conference.  That you, as a practitioner, can further develop ideas discussed at the event, and work to implement new TPRM strategies.


Conference materials can be a great resource for deepening your understanding of the topics covered.  They allow you to not re-create the wheel and implement strategies and processes that have worked for others.  They can also validate mature processes your organization has in place; thereby, adding credibility to your program. 

Do some research before and learn about the latest research and trends that the conference may be addressing. Before attending a conference, conduct thorough research to understand the latest research findings and emerging trends. Explore publications, industry reports, and articles to understand the current landscape and find key topics, challenges, and innovations to discuss.  Bring those thoughts, ideas, and questions to the conference and actively participate in conversations during presentations and roundtables.  Also come with pain points and questions from your own program to benchmark off fellow peers in similar situations.

 

Professional Development

Conferences offer professional development opportunities to enhance attendees' skills, knowledge, and capabilities. Workshops and training sessions cover emerging technologies, best practices, and industry-specific regulations. Networking opportunities promote mentorship, knowledge sharing, and learning, allowing attendees to broaden their perspectives and gain insight from experienced professionals.


Take notes during sessions to capture key insights, ideas, and strategies shared by speakers and panelists. This will help you gather key insights, ideas, and strategies that you do not want to forget. Use these notes to transform concepts into plans, driving change within your organization, and start discussions about innovative TPRM approaches.  Often times, an idea from a conference can influence your perspective on processes and activities within your organization.


Use networking breaks and social events to set up connections with industry peers, potential mentors, and collaborators. As we discussed in our last blog, networking is the best way to connect with fellow attendees and collaborate with industry peers. Make sure to take advantage of opportunities such as networking events and lunchtime meetups to foster conversations that could lead to future partnerships.


Conclusion

Attending conferences like our very own Third Party Risk Madness provides opportunities for professional growth and networking. Attendees can stay updated on technological advancements and engage in discussions with industry leaders. Post-conference follow-ups allow for collaborations. Conference materials promote understanding, particularly in Third Party Risk Management, pushing for deeper exploration. Networking breaks allow connections with professionals, mentors, and potential collaborators, paving the way for future partnerships. Prior to attending the conference, research emerging trends to ensures active participation and meaningful contributions.

 

Join us at Third Party Risk Madness – where basketball, business, and TPRM unite for an epic showdown of innovation and success. Dribble your way to victory in Phoenix, Arizona, on April 9-12, 2024! Secure your court-side seat and take advantage of exclusive offers here. Hurry, space is limited, and you won't want to be left on the bench for this thrilling event.

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