Corporate decision-making has always included risk management as a critical component. however risks are becoming more complicated and interrelated than ever before in the fast-paced commercial climate of today. Businesses are using risk data and analytics to get relevant risk insights, which provide a powerful toolkit for recognizing, evaluating, and managing risks, to solve these issues. Businesses may reduce risks with the correct approach to risk data and analytics, open new opportunities, and improve overall organizational performance.
According to a KPMG survey, the efficient use of data and analytics will improve corporate performance in three years, which is entirely associated with risk management. 25% of the respondents observed noticeable advantages from using risk and performance management strategies. Integration of risk insights in the corporate process enables businesses to boost their capabilities to predict changes in the organization.
Predict360 Risk Insights
Predict360 risk insights strengthens internal and external risk data by identifying existing risks outside of tolerance and forecasts future threats using Artificial Intelligence (A.I.). These valuable predictive risk analyses enable the business to enhance efficiency, speed up innovation, and expand profitability.
Key Features
- Dashboard with data and visualizations that show risks running outside of tolerance and forecast new risks.
- Risk taxonomy or Risk library to map the customer's current risk register.
- Engine for Key Risk Indicators (KRI) that gathers internal risk information.
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