Breakout Session B: Make Risk Management SMARTer, Not Harder with a Data-Driven Approach

Relying on an individual’s experience and perspective to apply a likelihood and impact score is a highly variable exercise, making the subjective nature of risk a challenge for organizations. Additionally, digital transformation has given businesses more information than they know what to do with. Organizations can map information to harness real-time updates and standardize risk using data classification methods and flexible risk formulas. We’ll discuss how organizations can take a S.M.A.R.T. approach to connect enterprise data and translate the information into meaningful risk insights.​

KEY TAKEAWAYS​

• Identify data across business applications for the latest risk data.​

• Automatically categorize information to deliver meaningful insights across risk, compliance, and your executive teams​

• Leverage risk scoring that incorporates both qualitative and quantitative inputs to remove the guesswork involved in evaluating risk