For years, companies have been pouring money into resources, processes, and technologies that can help them manage risk.
Risk management involves a judicious mix of preventing the risks that can reasonably be controlled, learning to recognize the ones that can’t be prevented, being prepared to react to minimize damage, and having the resources to recover from the problems that do occur. Technology is an essential component to succeeding in today’s business environment and companies recognize that the complexities of technology require a commitment to the development of more robust capabilities to manage risk and create a more risk-aware culture. Industries with the highest dependency on technology are faced today with the competing requirements of providing a stable, reliable, low cost technology platform for daily business operations (“Run the Business”) and also providing a dynamic, flexible, cost effective capability to modify the technology platform in response to technology or business imperatives (“Change the Business”).
For more information, please contact Daryouche Behboudi, CIO Advisory partner and U.S. practice lead