Published: 11 January 2024
Although data and analytics initiatives focus on enabling business outcomes, they typically neglect related risk. Chief data and analytics officers must understand, prioritize and address both D&A outcomes and risks so their investments deliver the business value they have promised.
Organizations are willing to accept greater risk in expanding their operations to achieve increased growth. Fifty-eight percent of boards expect to increase their risk appetite over 2024-2025.
Although chief data and analytics officers (CDAOs) acknowledge governance as a critical enabler for business success, many fail to recognize the central role that risk management and risk culture plays in this. In a recent survey, only 19% of respondents identified improvement of compliance and risk management as an objective they felt compelled to focus on in the next 12 months
Auditing teams increasingly have data and analytics (D&A) on their radar, with
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Analysts:
Saul Judah
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