Leveraging Technology and Data for Proactive Risk Management

As The Economist stated in 2017, “The world’s most valuable resource is no longer oil, but data." This is even more true in today's explosion of AI and Generative AI capabilities as proprietary data becomes more and more valuable and reactive approaches to risk management no longer suffice.

To proactively identify risk and stay ahead of the curve, risk management practices can benefit from enhanced use of data and taking advantage of the opportunities that AI and Generative AI provide. We'll provide an overview of today's landscape for these capabilities and how risk management can embrace them. We'll share some examples of how different sources and types of data can be used to better understand and manage risk, how AI and Generative AI can help unlock historically underused data assets, and the limitations of both data and AI.

To better adapt to these quickly evolving capabilities, we'll also share suggestions on how to stay current and some of our predictions of what's likely to come in the near future as AI becomes embedded in every aspect of our lives.