What Does the Risk Landscape Look Like in 2020?
It is not possible for an organization to prepare for all the risks it could face in the coming year. At some point, you have to make decisions about which risks have the highest chance of occurring or would have the highest monetary or operational impact if they happened.
Reaching that conclusion takes some analysis and an understanding of the broader risk landscape in which you operate. Some risk factors vary by industry, like regulations for life sciences companies or international trade policies for manufacturers. Others, like the continuing threat to organizational data, appear to be universally impactful.
To help illuminate key risks in today’s environment, our risk advisory team started to ask some questions. We polled attendees at risk management conferences this fall about their greatest areas of concern. Preliminary findings show us some interesting patterns:
The Technology Age is ushering in a new era of risks related to information security and the regulations that accompany itL 72.3% of early survey respondents named data and cybersecurity as their area of great risk.
Technology Presents a Major Hurdle
Organizations need their technology to catch-up to the risks they’re facing, particularly when it comes to protecting their data: 45.8% of respondents said technology was their biggest hurdle to effective risk management.
More Input Needed
We would like to a deeper dive into what’s top of mind for organizational risk in 2020, and we could use your help. Our 10-question survey aims to uncover some of the common points of concern and the biggest roadblocks that could be in the way of mitigating those risks.
Data from the survey will help inform a forthcoming publication on the 2020 risk landscape. We hope the publication and results from the survey will help organizations like yours benchmark their risk management strategy and ensure they are prepared for the emerging developments coming their way.
Take the Survey