Emerging technologies continue to rapidly change the way businesses operate and interact with customers, yet risk management processes are not keeping pace with the associated risks, according to a report published today by global insurance broker Marsh and the risk management society, RIMS.
Only a small percentage of risk managers are confident they have good risk management processes to deal with new technology risks, according to the 15th Annual Excellence in Risk Management report and survey.
The report delves into risk professionals’ role in managing technology innovation such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT). According to the findings, 59 percent of respondents said their organizations are currently using or exploring the…
