Leading organisations around the world are changing the way they see risk by embracing technology and data in pursuit of value creation.
According to the PwC Global Risk Survey 2023, which is based on 3,910 responses from 67 territories, technology is playing an increasingly important role in helping organisations to protect value.
Use of tech
A number of issues associated with legacy technologies are impacting organisations’ ability to manage and respond to risk.
Although organisations are increasingly taking a more tech-powered approach to managing risk, many respondents are still at a relatively early stage in their use of technology for this purpose.
Top threats
Not only is technology seen as a risk management tool, it is also considered to be one of the top risks.
New initiatives
The top three resilience initiatives that organisations plan to invest in over the next 12 months were identified as:
