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.