“ DEVELOPING A ROBUST ORM STRATEGY USING NEW TECHNOLOGY LEADS TO MORE PROACTIVE AND INFORMED DECISIONS ” manage risk will see a reduction in operating and auditing costs , an optimisation of its insurance coverage , as well as an increase in staff satisfaction . By introducing tools that are capable of automating manual processes , businesses will find that employees have more time to optimise their output and reconsider their relationship to ORM .
Without a doubt , the switch from human to algorithm-based risk assessments will present new challenges , some of which may be difficult to anticipate . This is simply the nature of change . What we do know is that developing a robust ORM strategy using new technology leads to more proactive and informed decisions , giving businesses the competitive edge necessary to grow in today ’ s marketplace . The field may be complex , however , there isn ’ t a better time to take ORM seriously and invest in the future .
45
Robert Rutherford , CEO of IT consultancy , QuoStar
asia . businesschief . com