With the expansion of global trade, the alliance of economies of various countries has increased. Thus, the businesses today not only experience local risks but are also exposed to the risks emerging due to global events. The progress made in digital technologies and their application for conducive consumer services and seamless communication elevates the risk for secure data maintenance. Additionally, businesses face numerous risks arising from the change in regulatory government policies, natural calamities, legal issues, improper functioning of operational assets, financial risks and many others. It may not be practical for the businesses to completely avoid all the risks at all times; therefore, it is crucial to control the risks with proper precautions and steps. Considering the strategic relevance of risk management, and its influence on the businesses, these days, leadership teams are also directly associated in the risk management process.
Similarly, with the growth of digital technologies such as the Internet of Things, Machine Learning, and Artificial Intelligence, it has become very convenient to monitor risk and gather data continuously. At present, collecting a vast amount of data, analyzing it and generating insights has become streamlined, effective and simple than ever before. This allows the companies to expeditiously take corrective action and execute plans proactively as and when the risk is identified. Digital technologies have facilitated businesses to continually monitor all the processes across the company from a risk perspective. It also permits the companies to have a comprehensive risk approach rather than viewing them in silos.
CIOApplications Europe’s editorial board has assessed and shortlisted a number of the foremost prominent organizations within the risk management industry. We hope this issue of the CIOApplications Europe helps you build the partnership you and your firm need to foster a technologically-driven learning environment.
We present to you CIOApplications Europe’s “Top 10 Risk Management Solution Providers - 2020.”