The speed and scale of digital rollouts are putting risk and internal audit professionals in a difficult spot, and the smarter risk managers are making more use of data and digital capabilities to inform their decisions, according to a new study from consulting firm PwC.
The firm's Risk in Review study said when risk management is at the top of its game, "leaders have a clear line of sight into threats for informed decision making." The report is based on a global survey of 2,073 CEOs, board members, and professionals in risk management, internal audit, and compliance, conducted in October and November 2018, and described six habits risk functions follow that help their companies set a course for sustainable growth.