Making informed decisions is crucial in risk management, and good decisions start with good data—but not just any data. Clean and well-organized reports are the difference between reacting to problems and getting ahead of them. When reports are clear and timely, patterns emerge. And when patterns emerge, risk professionals can stop chasing issues and start preventing them.
In 2024 we highlighted the following risk trends: cyber security, artificial intelligence (AI), environmental, social, and corporate governance, market capacity, and shifting views towards managing risk. The complexity of these issues became more interrelated and integral to an organization’s operations.
2023 was a difficult year for all industries. Risk became more complex as organizations continued to navigate cyber security, labor shortage and employee turnover, supply chain issues, and shifting risk profiles.
In 2022, global industries were forced to adapt and respond to a growing list of emerging risks and disasters. This past year, strides have been made to amplify the adoption of new technology, expand the talent pool and adopt innovative, data-driven, risk management strategies. For 2023, the risk landscape is expected to change faster than most organizations can manage - leaving executives and risk managers struggling with the question: “How can I make my organization more resilient?”