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Risk analytics The three-minute guide - Deloitte

Risk analytics The three -minute guide Risk analytics The three -minute guide 1. Why it matters now Fear is risk management without analytics The concept of risk management isn't new. For years it has been a core responsibility of the C-suite. What is new, however, is the skyrocketing awareness of the importance of risk management. The regulatory and economic environments have become more challenging, and the news headlines are replete with examples of what happens to organizations when risks aren't adequately managed. As a result, risk sits at the top of the agenda for the executive team again. With global expansion, risk management can become even more daunting due to the sheer number of tasks, resources, deliverables, and stakeholders. Many risks are not readily visible, leading to risk management by instinct.

Risk cuts across organizational boundaries. By that same token, analytics can also provide cross-enterprise insights, drawing from data throughout the business. That makes it a great match for an issue as far-ranging as risk. Establish effective programs Analytics enables decision makers to evaluate the risks—and rewards—

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