Complexity, globalization and digitalization are just some of the elements at play in the risk landscape-and data is becoming a core part of understanding and navigating risk. How do modern finance leaders view, navigate and manage enterprise risk with data? Dun & Bradstreet surveyed global finance leaders across industries and business types.
Here are the top trends that emerged from the study:
- The Enterprise Risk & Strategy Disconnect-Finance leaders are using data and managing risk programs, but over 65% of finance leaders say there’s missing link between risk and strategy.
- The Risks of the Use and Misuse of Data-Up to 50% of the data used to manage modern risk is disconnected. Only 15% of leaders are confident about the quality of their data.
- Risky Relationships-Only 20% of finance leaders say the data they use to manage risk is fully integrated and shared.