What is Risk Analytics and Management
Risk, or uncertainty, is inevitable. Nothing is entirely predictable in business, and there is always a degree of likelihood of success. Some risks are reasonably predictable, and their likelihood and potential impact can be measured. These are quantifiable risks and can take the form of:
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Financial risk
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Operational risk
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Strategic risk
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Compliance risk
There are many risks that come from internal factors, and their likelihood of occurring can be addressed. There are others that come from external factors, where only their potential impact (or likelihood to impact your business) can be addressed.
By conducting risk analysis and management, businesses can better understand and proactively address potential risks, which can help them make more informed decisions, reduce costs, and improve their overall chances of success.
Who can benefit from Risk Analysis and Management
Measuring, analyzing, understanding, and managing uncertainty has numerous benefits at every stage of a business. Hover over the buttons to learn more.
Hover over the buttons to learn more
Entrepreneurs
Entrepreneurs
Business modeling is a valuable tool for startups and scaleups looking to fundraise, scale sustainably, plan effectively and evaluate their performance.
It provides a clear roadmap for the company's operations and financial goals, helping to ensure that resources are allocated efficiently and performance is measured. It will also help to attract investors and secure funding, as a well-defined model demonstrates the startup's understanding of its market and its ability to generate revenue.
SMEs
SMEs
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Helps protect against financial loss by identifying and mitigating potential risks to revenue streams and operations
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Helps maintain your reputation by identifying and mitigating risks that could damage your brand
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Helps ensure compliance with legal and regulatory requirements by identifying and addressing potential compliance risks
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Helps reduce costs by identifying and mitigating potential risks that could impact profitability
Enterprise
Enterprise
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Helps identify potential risks that could impact your operations, reputation, and financial performance
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Enables better strategic decision-making by providing a comprehensive understanding of potential risks and their impact
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Helps protect against financial loss by identifying and mitigating potential risks to revenue streams and operations
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Helps maintain compliance with legal and regulatory requirements by identifying and addressing potential compliance risks
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Supports effective crisis management by identifying and preparing for potential risks before they become significant issues
Investment
companies
Investment companies
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Enables better decision-making by providing a comprehensive understanding of potential risks and their impact on the investment
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Helps reduce financial loss by identifying and mitigating potential risks to the investment portfolio
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Helps maintain compliance with legal and regulatory requirements by identifying and addressing potential compliance risks
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Supports effective crisis management by identifying and preparing for potential risks before they become significant issues
Individuals
Individuals
Individuals can benefit significantly from using a forecasting tool for their personal portfolio. It can empower them to make informed and active investment decisions on their own, and allow them to analyze market trends and historical performance to inform their investment planning.
Also, by collecting data on all their various investments in one place, they can have a holistic view of their portfolio. This can help them set targets for distributing their resources, determine where they can afford to take risks, and identify where they need to add or remove investments to maintain a balanced portfolio.
How we support your risk management efforts
Risk analysis and management is a continuous process employed to monitor and manage the evolving changes (within and outside) your organization.
Identification and mapping
We work with you (and other relevant stakeholders) to identify potential risks that could impact your business. These risks are mapped in a risk universe to aid in finding interrelationships.
Analysis and evaluation
We evaluate the likelihood and potential impact of each risk, initially qualitatively to quickly discard lower priority risks, then (where relevant) quantitatively. This will help to prioritize, better understand and prioritize the risks.
Mitigation planning
Based on the evaluation, strategies will be developed to mitigate or minimize the high-priority risks. These could include implementing new processes, improving existing processes, or obtaining insurance coverage.
Once the strategies are developed, they need to be implemented across the organization. This may involve training employees on new processes or tools, or updating policies and procedures.
Implementation
Monitor and review
Risk management strategies need to be monitored and reviewed regularly to ensure that they are effective. This will help identify any new or emerging risks and allow for adjustments to be made to existing strategies.
Communication
The risk management efforts and results should be communicated to stakeholders, including employees, investors, and customers. This will help demonstrate the company's commitment to managing risks and its ability to protect against potential threats.