Hong Kong Data

This insight highlights the importance of having a clear purpose behind the risk data and metrics collected. It is important to only collect data that provides real value to the organization. Whether it is to protect the business from a regulatory perspective or to look at business results to support strategic decisions and explore opportunities, the data collected should serve a clear purpose. To gain insights, one needs the ability to easily analyze the information using reports and dashboards.


The question of the role of policy management in risk management is also canadian hospitals email list discussed. Policy management helps to support those who need to make decisions to understand what is necessary. It is about guiding the people who make decisions in practice so that they can make the right decisions. This can be achieved through clear policies, risk appetite or tolerances. At the same time, those who make decisions at lower levels need to know when it is appropriate to escalate a decision to higher levels of management in order to better exploit opportunities.

The job of risk managers is not to control the organization, but to ensure that policies are followed and the company makes the right decisions to be successful. This highlights that risk data should not only be used to prevent risks, but also to support strategic business decisions.