Risk in Review Study: Managing Risks and Enabling Growth in the Age of Innovation

How can risk executives embrace innovation while preparing for unknown risks such as a self-driving car commandeered by hackers, data analytics software that unintentionally reflects biases, or autonomous weapons that cause accidental casualties? This challenge was explored in the Risk in Review Study of more than 1,500 senior risk executives globally. Adapters—those with programs that tackle innovation-related risks somewhat or very effectively—practice five actions that set them apart. And their programs exert much more influence over decisions about innovation. As organizations face pressure to innovate, risk executives need to help them strike the right risk-reward balance to succeed, and by doing so, drive growth and performance.