Adjusting to the new world of risk management
Following the latest global economic crisis, many business risks are still in a state of flux – and so are companies’ efforts to manage them, according to a survey conducted by Forbes Insights, on behalf of Deloitte. A stunning 91 percent of companies plan to reorganize and reprioritize their risk management approaches in the next three years, as leaders strive to prepare their organizations for what many expect will remain a volatile, highly changeable risk environment.
“I think we are just scratching the surface.
We consider analytics the next big frontier for risk management. If you can leverage analytics to identify risk and take actions ahead of your competitors, you are essentially turning a hazard into an opportunity.”
– Luis Custodio, Chief Risk Officer, IBM
The full survey report offers a glimpse into risk management’s anticipated future direction among 192 U.S. executives from companies in the consumer and industrial products, life sciences, health care, technology, media and telecommunications industries.