WEBVTT

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<v ->In just the last few years,</v>

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we have experienced a global pandemic,

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a full-scale war in Europe,

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and now, the widespread availability of generative AI.

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Looking ahead, we see massive climate risks

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looming on the horizon.

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(upbeat music continues)

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The question is, does your company have the capabilities

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to manage financial, geopolitical, technological,

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operational, human, and climate risks

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that are bigger, more complex,

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and more interconnected than ever before?

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(upbeat music continues)

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To thrive in this environment,

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companies need a new risk management paradigm

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that goes far beyond the traditional approach

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to measuring, controlling, and reporting risk.

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<v ->The way to create competitive advantage</v>

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is by embedding risk management

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into how you operate your company.

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By combining distributed human processes

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with automated controls, companies can make

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the risk function work like an immune system,

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detecting threats in real time, and issuing rapid responses.

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BCG has found that top-performing companies

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which we call future built, share common attributes

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that improve their resilience,

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and give them significant advantages in managing risk.

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(upbeat music continues)

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For example, future-built companies employ

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agile operating models that can strengthen collaboration

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between risk and business functions.

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Future-built companies also leverage the power of AI

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as well as modern tech and data platforms

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to improve their ability to identify,

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assess, and manage risks.

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<v ->By empowering the risk function to support in growing,</v>

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steering, and protecting the company,

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organisations can make better-informed decisions

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on risk versus return, enhancing the long-term ability

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to thrive even in the most stressful scenarios,

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and assess the opportunities

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to capture competitive advantage.

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(bright music)