Risk analytics
Risk analytics is the process of using data, statistical models, and other analytical tools to identify, measure, and manage risk within a business or organization. This can involve analyzing a wide range of risks, including financial, operational, strategic, and reputational risks. Some key areas of risk analytics include:
Risk identification
Risk assessment
Risk mitigation
Scenario analysis
Stress testing
Risk analytics can help businesses identify and manage potential risks, allowing them to make more informed decisions and allocate resources more effectively. By understanding the potential impact and likelihood of different risks, businesses can develop appropriate risk management strategies and protect against potential losses or disruptions to their operations.