Technology has become ingrained in nearly all aspects of modern society. As it evolves over time, so too do the risks that come with it.
Businesses today need technology to compete with others and advance their product. To calculate the number of risks they may face, risk management professionals need to understand the company from top to bottom. Yet risk management processes are not keeping pace with technology's associated risks, according to a new report by Marsh and RIMS.
The 15th annual Excellence in RIsk Management report delves into risk professionals' knowledge of and role in managing technology innovation such as artificial intelligence (AI), blockchain and the Internet of Things (IoT). Overall, survey respondents did not feel that they have enough knowledge about these disruptive technologies to contribute to discussions about them at a “strategic advisor” level. The findings from the report were released today at the RIMS 2018 Annual Conference & Exhibition.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
