[author: Cherelle Johannes] Like navigating a ship through a stormy sea, managing business risk involves charting a set course, choosing the right people, and planning carefully – but it also involves reacting nimbly to avoid dangerous conditions or obstacles. And whether risks are stumbled upon, like a data breach, or seen from afar, like a regulatory change, organizations must be able to quickly identify and manage risks to be successful in the long term. Integrated risk management (IRM) is a more comprehensive approach to managing risk. Like a map guiding a ship, a solid IRM strategy should provide a holistic view of the risk landscape and coordinate the management of those risks across the organization, including financial, operational, strategic, and reputational risks. IRM technology must adapt to requirements across industries, countries and areas of particular risk to meet the diverse needs of customers across different industries. For example, the complexity of managing the risk of cyberattacks on a multinational medical research entity would require a different management approach to a small to medium-sized enterprise (SME) upscaling data protection on a tight budget. Priorities in IRM technologies These diverse priorities, and the growing complexity of regulatory updates around managing data, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
