Reported about 1 year ago
Recent advancements in artificial intelligence (AI) have significantly enhanced risk management in corporations, allowing for swift and accurate risk identification. The dynamic global environment presents various internal and external risks, necessitating timely responses that traditional methods struggle to provide due to biases and information limitations. AI technologies address these issues effectively, such as Deloitte’s XCAP system, which analyzes vast data sources to extract relevant insights and predict risks, thus empowering businesses to make informed decisions and maintain competitive advantages. Companies are encouraged to adopt AI tools strategically to improve their risk management processes.
Source: YAHOO