Is risk quantification the future, or all hype?

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Check out FAIR - https://www.fairinstitute.org/And you see risk quantification is not the future, it is the very present.

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Risk quantification is an important process in risk management. It is the present and future.

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Senior executives are concerned about risk. Business risk is increasingly tied to growing cyber risk. One of the best ways to communicate the value of a security program to executives is to express quantifiable cyber risk and create programs to reduce that risk. Risk quantification is a widely accepted method of evaluating identified business and security risks and for making decisions as to what should be done about those risks.