Highlights need for business to better use tools, technology to monitor strategic risks.


NEW YORK, Global business executives jointly rank pace of innovation (30 percent) and increased regulation (30 percent) as the key strategic risks forecast to impact their business strategy over the next three years, according to the "Risk Sensing: The (evolving) State of the Art report released today by Deloitte Touche Tohmatsu Limited (Deloitte Global)". Talent (25 percent) and reputation (24 percent) also ranked high.

The survey conducted with Forbes Insights, asked 155 C-level executives from companies representing major industries around the world about their companies' risk sensing capabilities and the publication outlines an approach to developing and enhancing the risk sensing process. Risk sensing employs human insights and advanced analytics capabilities to identify, analyze, and monitor emerging risks to the organization's business model, long-term viability, and ability to create value.

"The majority of executives surveyed have strategic risk sensing capabilities in their organizations. However, these capabilities often overlook key elements, lack technical depth, or leave the organization open to the very risks that risk sensing should be protecting against," said Henry Ristuccia, Governance, Regulatory and Risk leader, Deloitte Global.

Additional key findings include: