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“Risk is like fire; If controlled it can help you. If uncontrolled it will rise up and destroy you.”
Risk re-imagined
Gavin CampbellIntegrc
Risk Management to become a strategic imperative
From compliance necessity to enable competitive differentiation
Ability to manage risk to have impact on bottom line and to sustainably grow
Emphasis will shift to proactive risk management
Emergence of Chief Risk Officer
Business manager will become more risk aware
Risk management will becoming related to strategic objectives
Trends for Risk Management (1)
Organisations will become better prepared
Silos reduced
Risk awareness, assessment quantifications and appetites are aligned
Common terminology
Enhanced collaboration
Risk management will not be through the rear view mirror
Companies will become more agile with better risk intelligence
Amount of risk relevant data and sources will increase
Trends for Risk Management (2)
Technologies become more sophisticated
Big Data and Super fast processing
Automated KRI’s
Predictive capabilities
Management by exception
Mobile
Enhanced Reporting
Trends for Risk Management (3)
- Integrc’s framework for helping organisations change how they interact, adopt, perceive and embed GRC technologies and initiatives
Includes dashboards, mobile apps, adobe forms, and tools for streamlining customer operational processes
Leverages “Social GRC” (gamification and crowdsourcing) to help organisations improve participation: this relies on people's natural desires for competition, achievement, status, self-expression, altruism, and closure through rewards for participants to drive user engagement, ROI, data quality, timeliness, and learning
Users interact with GRC processes and technologies sometimes without realising it - this unleashes tremendous value in GRC programmes
Uses the knowledge of the people (the “ask the janitor” effect),
Drives increases in adoption and risk engagement
Change the perception of GRC changes from burden to benefit.
We make contributing risk & control data easy and non-technical
Engaging Risk
“Engaging Risk: providing a social GRC architecture”
“Integrc’s "Engaging Risk” is a combination of integrated GRC knowledge solutions that helps organizations achieve greater understanding and interaction”
2013 GRC Technology Innovator award
Make reports intuitive
Encourage participation
Identifies issues quickly
Results in social GRC
Risk Dashboards
Risk becomes embedded in business processes
User participation increases to improve risk intelligence
Risk becomes predictive
Opportunities are exploited
Risk Management becomes strategic
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Risk Re-imagined
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