In recognition of this, senior business leaders from across global geographies and industries, with over 90% being at the executive level with primary or final decision-making authority, participated in the FTI Technology Digital Insights & Risk Management study. The resulting report, "The Most Valuable, Vulnerable Commodity: Data Establishes a New Era of Digital Insights & Risk Management," provides comprehensive insights into the challenges of digital risk management.
The report highlights that business leaders recognize the potential negative impact on revenue, regulatory penalties, and reputation if they fail to manage digital risk effectively. Despite this recognition, digital risk is challenging to manage, with data and risks spread across every business unit, function, and stakeholder group. Effective policies, strategies, and infrastructure can help organizations mine the inherent value in data while minimizing associated risks.
To help businesses address these challenges, the report presents key areas of digital risk that are most concerning to business leaders, strategies for evaluating and addressing digital risk factors, and ways value and insights can be derived from data.