8 Functions an Analyst Needs to Deliver Risk Mitigation
We are living in a data-rich world, creating remarkable new challenges for an effective risk mitigation strategy.
It’s estimated that globally, we were generating a total 44 zettabytes of digital data by 2020. That data volume is expected to grow at a remarkable rate over coming years, reaching 463 zettabytes of data by 2025 according to some analysis.
Undertaking appropriate enterprise risk assessment and mitigation in this landscape presents a significant challenge for risk analysts. The sheer volume of data creates pressures on maintaining an appropriate risk strategy, and one which reflects and respects the essential 6 Vs of data management – veracity, value, variety, velocity, variability, and volume itself.
Enterprises not only face difficulties in managing risk due to the volume of data, but the growing velocity of its generation. The speed at which businesses and individuals generate data continues to grow, as machines, automated processes, and innovative new applications add to the growing data landscape.
Neural Technologies’ Optimus Platform is designed to empower analysts, offering simple, user-friendly insight into revenue streams and challenges.
Empowering analysts with the functionality to succeed
If we are to empower enterprises with the right risk management tools, we need to ensure the critical functionalities are in place.
The advanced Optimus Platform is designed to provide automated reporting and escalation of actions that ensures a simple workflow for key enterprise risks, with automated triggers to respond where needed. That enables effective and efficient real-time risk detection to prevent revenue leakage.
Any effective system must be designed to automate where appropriate, while empowering risk analysts through simple user-friendly functionality that complements manual oversight and risk assessment.
The Optimus Platform is designed to provide an adaptive, flexible solution for risk analysis that can be quickly scaled for this high-volume data landscape. That requires a focus on eight core functions which enable analysts to quickly analyze, assess, and act on enterprise data.
Get in touch to explore how the Optimus Platform can empower your analysts today