June 5, 2012 | Written by: Karen Butner
According to our enterprise risk management study of 500 executives around the world, not a single respondent said that risk is decreasing — in fact, an alarming 77% say their risk exposure has increased year-to-year. With this in mind, what are companies doing to reduce their exposure and better manage their risk factor priorities? We also found that a group of leading companies employ predictive intelligence or modeling with advanced analytics and take a holistic approach to enterprise risk management. These leaders who are applying predictive analytics, reduce risk effects, achieve cost efficiencies and growth. Their 3 year average sales are 19% higher than other participants. Clearly there is competitive advantage in approaching risk, with intelligence.