In an era where technology evolves at breakneck speed, The Velocity of Risk offers a crucial deep dive into the accelerating challenges and opportunities facing risk managers today.
With insights gathered from over 200 tech companies across 16 countries, this study is your compass in the storm of economic uncertainties, regulatory complexities, and the transformative impact of Artificial Intelligence (AI).
Economic resilience
Discover how tech companies are adapting to economic challenges through strategic cost reduction, risk retention reevaluation, and workforce restructuring.
Out of the 24 total risks covered in this study, 8 are seen as highly concerning by over half of the tech companies surveyed.
Among these, data security & privacy, regulatory compliance, AI design failure and AI usage or oversight error stand out as the four risks that are both highly concerning today and likely to be growing concerns for most companies over the next few years.
Rising risk concerns
Learn about the escalating concerns over data security, privacy, and the evolving risks associated with AI development and adoption.
Rise of AI creates new risk concerns
As this complex constellation of organizations, risk stakeholders, and growth startegies continues to evolve - for instance, through the increasing usage of AI technologies - tech companies will continue to face an increasing velocity of risk.
How companies are investing in / leveraging AI
NET 81% investing in or leveraging AI in one or more ways
*Note: 3% selecting "prefer not to say" not shown in chart
AI risk concerns among those using vs. not using AI
Strategic risk management
Gain insights into innovative risk management strategies being employed to navigate through economic pressures and insurance market challenges.
Conclusion
As the technology sector stands at a crossroads, seeking innovative solutions to navigate these turbulent times, this study arms you with the knowledge and foresight needed to turn challenges into opportunities for growth and resilience. Whether you're a CEO, risk manager, or tech enthusiast, the insights shared in this study are invaluable for fortifying your risk management strategies and building trust with key stakeholders.
