Innovations in Enterprise Risk Management Technology for 2023
Organizations are battling with forecasting, the complicated two-pronged challenge of talent management, rising labor expenses, and persistent global supply chain interruptions, to cite a few in today's turbulent and complex globalized economy. The best part is that corporations comprehend these problems and recognize the need to strengthen their Enterprise risk management solutions ’ capacities in the forthcoming year. Companies of all sizes, from large blue-chip corporations to embryonic startups, intend to improve their risk management procedures in 2023, as a recent Protiviti report indicates. In this blog, 3 innovative trends in ERM technology will be discussed. 3 Innovative Trends in ERM Technology: 1. Artificial Intelligence and Machine Learning: Combining artificial intelligence (AI) and machine learning (ML) algorithms is one of the most innovative developments in business risk management technologies. Organizations can use AI and ML to spot trends and anomalies in mass