ERM platforms help gather data across siloed risk management domains, presenting an enterprisewide view of risk.
Facing the unknown is perhaps the greatest challenge for risk managers. Fraught with peril and potential disaster, uncertainty is a major impediment to devising effective strategies and mitigating risk. When confronted with unfamiliar situations, risk managers should categorize what’s known and what’s unknown in order to assess risk, and use that information to better focus their risk management efforts.
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