10 Most Promising Enterprise Risk Management Consulting/ Services Companies - 2019
In the ever-changing risk management landscape, looking ahead is an essential part of the job description. The outlines of new challenges for security and risk management leaders (SRMs) are already visible. The developments in artificial intelligence (AI) combined with data analytics will detect, predict and prevent risks. Thus, assisting or replacing human-led risk management. Representing an opportunity to detect risks, derive crucial key indicators and take actions in real-time.
As organizations are investing and adopting, IoT and cloud technology for cost-effective connectivity; it is understood that any prevention method can never be foolproof. The best practices focus on detecting risk-patterns and building resilience to contain the impact of risk. The assessment and prioritizing of risks to determine where to invest in is the key. Due to the inability of organizations to eliminate risk through preventive controls—the risk transfer instruments are being used by organizations to protect them from a broader range of risks. The convergence of mobile and social media is intensifying the impact of reputation-risks for organizations and is driving them to foster a risk-intelligent culture, tools, resources, and training to help develop a pro-active brand related crisis management. The use of risk dashboards, visualizations, and scenario analysis is empowering leaders to recognize and take intelligent risk-taking. Lastly, organizations are taking on high-risk innovations as a strategy—ahead of a regulatory framework and as a result, breaking away from traditional industry norms and regulations.
This edition of CIO Review brings you the “10 Most Promising Enterprise Risk Management Service and Consulting Providers - 2019.” This list gives you some of the most prominent organizations in the industry that have excelled with their services portfolio in the enterprise risk management space. This list is aimed at bridging the gap between businesses and consulting/service providers that are transforming business processes through their insights and technological prowess.