Risk Survey 2018

Risk management is a strategic imperative for organisations. Emerging trends indicate cyber security, technology disruption and regulatory risks as the top three priorities across sectors and industries.

The key survey findings are as follows –

• There is a need for organisations to hire a full-time CRO who will work in conjunction with the CEO so that risk considerations are embedded in the strategy and monitored closely.
• Organisations must consider hiring high-skilled professionals with diverse portfolios and also upskill the existing employees to augment risk related capabilities.
• Organisations also need to invest in advanced tools and technologies to better capture the data generated and churn meaningful insights from it.
• A holistic culture should be fostered to be risk-aware and predict upcoming risks to create value.