Frequently Asked Questions about Risk Management
What is data-driven risk management?
Data-driven risk management means the process of using predictive analytics to understand a company’s potential future performance and the risk associated with it.
Why is risk management important?
Risk management is crucial for a company’s success. See, risk management is there to make sure the organization takes only risks that are necessary in chasing its primary objectives. Any unnecessary risk needs to be mitigated in order to cut potential costs, and make the strategy more stable.