Get a read on risk.

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?” 

This week we're pleased to feature a guest post from Shannon Devane. Shannon is a ClearRisk user and also the Risk Manager at the City of Vaughn, Ontario. 

Full disclosure – I am not an Information Technology Specialist nor a Business Analyst. In fact, I’m a Risk Manager ‘moonlighting’ in software implementation and development. My background involves various areas of insurance, risk, and claims, primarily in the Public Sector. Throughout my career, I have been involved in several large software purchases and designs. From a large, multi-organization project to one catered to a specific group of clients with a single municipal implementation on the side, I have come away from each project feeling more confident and knowledgeable.