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Risk Survey 2018
Transforming Risks into Opportunities
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.