In this episode, Travis Ringger joins Brian Schwartz to discuss the practical actions risk functions can take to lay a foundation for better collaboration and risk insight.
We discuss the following questions:
1:08 - Why do only a small percentage of companies feel they have the right technology and tools needed to manage risks today?
2:35 - What are some of the non-technological, foundational steps that organizations need to take for better collaboration?
4:37 - What do you see risk functions doing to improve their risk data, are they building common data sources and do they understand what to do with the unstructured data?
6:46 - What are the difficulties and misconceptions associated with building one single source of truth?
9:33 - What are the appropriate steps for a company to take to move toward a more common technology platform?
11:55 - What is your advice for risk functions that don't foresee being able to invest in a common technology?
13:45 - What are some key takeaways for those looking to increase collaboration between risk functions?
https://www.pwc.com/us/en/services/risk-assurance/podcasts/2020-global-risk-study-risk-collaboration-foundation.html