| | April 20186CIOReviewChange is inevitable, and so is risk-- as a consequence of disruptions resulting from emerging technologies and inherent changes in business ecosystems. While the term `calculated risk' may be an entrepreneurial necessity, when it comes to workflow, and architecture, the very task of calculating and assessing risk becomes more intricate than ever. On the bright side, risk serves as a medium to create value and achieve improved performance. Today, enterprise risk has become multi pronged and so should the means to tackle them. This requires a holistic view across all enterprise segments. Thanks to competitive solution providers in the space, risk has become more measurable and tangible than ever. However, there is an increased chance of organizations losing sight of the primary objectives of risk management. As such, costs of resources and effort involved in ERM projects begin to outweigh intended benefits. From a user's perspective, risk management systems and processes should be as simple as needed to enable users to intelligently consider and respond to risks in their area of responsibility.Solution providers have begun to embrace simplicity backed by underlying sophistication in the risk management technologies they offer. However, the real challenge is rendering the process more dynamic both in terms of continuously assessing the status of identified risks as well as spotting the rapidly changing risks. To realize this, enterprises have begun to lay greater emphasis on multiple and new sources of data--both internal and external. Monitoring has become more than mere risk surveillance, and it has evolved into a form of control. Moving beyond toolsets, it is also the analyst's skillets forged by industry experience that adds to a robust risk management equation.In this scenario, coming up with this edition has been a dive into exploring a number of innovative service providers, changing trends, needs of the hour and a glimpse into how the future of enterprise risk management will turn out to be. We hope the valuable insights from industry thought-leaders and the innovative solutions from leading as well as emerging companies featured in this edition will help you in making informed decisions for your enterprise.Jeevan George Managing Editoreditor@cioreview.comEditorialRisk Management: A multi-level puzzleCopyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewAPRIL 10, 2018Contact Us:Phone:510.556.2284Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com April- 2018, Vol 07 SE 19 Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffSalesSandeepa MJustin SmithKenneth ThomasLester D'SouzaKyle SummersSarah FernandezAlena D'Souzaalena@cioreview.comManaging EditorJeevan GeorgeENTERPRISE RISK MANAGEMENT SPECIAL*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizersJeevan JyothiIssac George
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