Transitioning Risk Management to the Digital Age

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Jim DeLoach, Protiviti Managing Director

Traditional risk reporting lacks transparency into the underlying data, making it difficult to assess the direction and speed of risk, understand the drivers of risk, consider risk in the context of enterprise strategy, and enable a robust risk appetite dialogue. Is this the way organizations should report risks during the next five to 10 years?

More needs to be done to elevate risk management to help organizations face the dynamic realities of the 21st century and truly leverage the advances of digital, cloud, mobile and visualization technologies, exponential growth in computing power, and advanced analytics.

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