Strategic Focus: Linking Risk Complexity To Digital Requirements
Daniel Garcia
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Executive Summary
This report delves into the evolving landscape of risk management, emphasizing the increasing significance of non-financial risks and the need for a broader risk perspective covering both financial and non-financial risk areas. It identifies existing practices that are no longer acceptable if a firm wants to retain its competitive advantage and underscores the significance of digitization in enhancing risk management efficiency. This report aims to support executives in understanding the stages of risk management digitization and adopting a structured approach as they mature through the digitization spectrum and navigate the challenging risk environment.Key drivers of risk complexity
Navigating the thrills and challenges of enterprise risk management’s shifting tides
Accelerating the risk management journey through digitization
Figure 2. Risk materiality in firms 2022-2023
Figure 3. Risk digital maturity tiers
About the Authors
Elizabeth Babalola
Senior Analyst
Elizabeth is a Senior Analyst at Verdantix, where she delivers in-depth research to support corporate executives in strengthening operational resilience, optimizing insurance ...
View ProfileDaniel Garcia
Senior Manager
Daniel is a risk and compliance subject-matter expert (SME), with over 16 years of global experience, having worked for major financial institutions and consulting firms in La...
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